SDRL - Seadrill appoints new CEO

SDRL - Seadrill appoints new CEO

ID: 280002

(Thomson Reuters ONE) -


Hamilton, Bermuda, July 19, 2013 - Per Wullf to succeed Fredrik Halvorsen as
Chief Executive Officer.

The Board of Seadrill has today announced that Per Wullf will succeed Fredrik
Halvorsen as Chief Executive Officer of Seadrill Management Limited. Mr.
Halvorsen has decided to leave Seadrill to join Ubon Partners, a technology
venture.

Mr. Wullf has worked for Seadrill since February 2009 as Executive Vice
President and Chief Operating Officer. Prior to Seadrill, he held several senior
positions in Maersk, most recently as Managing Director of Maersk Contractors in
Norway. He has 33 years of experience in the drilling industry, including 17
years in international and offshore operations.

John Fredriksen, Chairman of the Board of Directors said, "The Board would like
to express its thanks to Fredrik Halvorsen for his contribution to the
Fredriksen group of companies since he joined us in 2010. His track record of
managing organizational change brought a much needed skillset to our businesses,
including the successful transition of Seadrill Management from Norway to London
this year. Mr. Halvorsen will leave the Company at the end of July, and we wish
him all the best in the technology venture.

Since joining Seadrill in 2009, Mr. Wullf's focus on operational performance
during a period of phenomenal growth has allowed Seadrill to establish a track
record of delivering safe and efficient operations for its customers. He has
established strong relationships and an excellent reputation among our major
customers and vendors. In his new position, Mr. Wullf will retain a strong focus
on the operational performance of the fleet, and for the time being will also
retain his position as the Company's Chief Operating Officer. Some functions
which have previously been a part of the CEO's responsibilities such as investor




presentations, corporate transactions, and financing will to a large extent be
assumed by the CFO Rune Magnus Lundetrae and the CAO Rob Hingley-Wilson. This is
being done in order for Mr. Wullf to maintain maximum focus on Seadrill's
expansion and operation. The Board, including myself, will continue to be very
actively involved in the strategic development of the Company as well as
monitoring the Company's operation. With his strong track record, Mr. Wullf is a
natural choice for the Board to ensure a smooth transition and bring Seadrill to
the next level.  Together with the support of his first class team and the
industry's most modern equipment, we look forward to continued success and
growth."

Seadrill has a versatile fleet comprising of 62 units, including newbuilds under
construction. The fleet operates across five continents supported by over 7,500
employees worldwide.



This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Seadrill Limited via Thomson Reuters ONE
[HUG#1717580]




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Bereitgestellt von Benutzer: hugin
Datum: 19.07.2013 - 08:53 Uhr
Sprache: Deutsch
News-ID 280002
Anzahl Zeichen: 3819

contact information:
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