Ensco CFO retires, new one comes in

Ensco plc, a provider of offshore drilling services, has announced that its chief financial officer (CFO) Jay Swent is retiring at year end and he will be succeeded by Jon Baksht.

The company’s new CFO, Jon Baksht, will be based in London. Baksht most recently was vice president – finance after joining Ensco as vice president – treasurer.

“We look forward to Jon leading our accounting, treasury, tax, audit, financial planning and management systems functions,” said CEO Carl Trowell.

“Jon has already demonstrated a leading role in the financial and strategic management of the company and his prior experience positions him well to take on this new role.”

Ensoc says that supply chain and information services will continue to report to Swent in the near term until a new reporting structure is announced.

Trowell added, “Jay has been a major contributor to Ensco’s growth and achievements for more than a decade. We congratulate Jay on his successful career and wish him well in his retirement.”

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