Borr Drilling, a recently established offshore drilling company, has appointed a new chief executive officer (CEO) of the company.
The company said last Friday that it chose Simon Johnson as the new CEO. Johnson most recently served as a senior vice president of marketing & contracts at another offshore drilling company, Noble Corporation.
Borr added that the new CEO would start in his new position on Tuesday, August 1 and will be based in Dubai.
It is worth reminding that, after Borr acquired two Hercules jack-ups in 2016, it also bought additional 15 jack-up drilling rigs from the Swiss-based Transocean for $1.35 billion in March 2017.
Borr said last Friday that Svend Anton Maier would continue to be the chief operating officer while Rune Magnus Lundetrae would be the deputy CEO and chief financial officer. Lundetrae acted as the company’s CEO since start up and decided to voluntarily step aside in order for Johnson to take over.
Chairman of the board, Erling Lind , said: “We are delighted to have Simon join our management team as we transition from a start up to a fully-fledged organization. He will bring valuable industry knowledge, commercial insight, and international customer relationships to the table at a critical juncture in the company’s development.”
The new CEO added: “I am excited to join Borr and work with Rune Magnus and Svend and the rest of the Borr organization to build a world class drilling company. We face a challenging industry outlook, but I am encouraged by our growing fleet, the support of our investors and the opportunities that lie in front of us.
Even though the company is relatively new, it has already won its first contract for one of its jack-up rigs. Borr Drilling’s first contract award came from Total for the use of the Frigg jack-up rig in Nigeria.