Photo: Valaris DS-9 drillship; Source: Valaris

Former Seadrill exec takes over CCO role at Valaris

Offshore drilling contractor Valaris has welcomed a new Chief Commercial Officer (CCO) to its executive management committee. The company’s new CCO previously worked at Seadrill and Transocean.

Valaris disclosed on Monday that Matt Lyne has started his role as Senior Vice President and Chief Commercial Officer, having been appointed to the role in late May along with two other executives, who were assigned other roles within the firm.

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Anton Dibowitz, Valaris President and Chief Executive Officer, remarked: “I am pleased to welcome Matt to the Valaris executive management committee at an exciting time for our business. Valaris has significant operating leverage to the improving market, and Matt’s deep industry experience will be critical in helping us to exercise this leverage in a disciplined manner that generates meaningful returns for our shareholders.”

Prior to joining Valaris, Lyne, who has over 20 years of offshore drilling experience in various international locations, served as Chief Commercial and Strategy Officer of Seadrill, where he held a number of senior marketing and commercial roles for more than 12 years. Before this, he served in a number of senior operational and functional roles with Transocean.

“With Matt in position, Christophe Raimbault will commence his new role as Vice President – Sustainability and New Energy. Christophe will drive further momentum behind our commitment to reduce emissions from our operations and partner with our customers to support their ESG efforts, as well as identify and progress opportunities within the new energy arena,” added Dibowitz.

When it comes to other recent additions to the Valaris management team, it is worth noting that the firm’s new Chief Financial Officer (CFO) started working for the company in August 2022 after being appointed to this role a few months ago.