New CFO elected at Noble Corp.

Offshore drilling contractor Noble Corporation has named Stephen M. Butz as Executive Vice President and Chief Financial Officer of the company.

Noble Bob Douglas drillship; Source: Noble

The appointment was effective on December 19, 2019. Butz replaced Adam C. Peakes who resigned last September.

In connection with his appointment, Butz will act as the principal financial officer of the company, and Julie J. Robertson, the company’s Chairman, President, and Chief Executive Officer, will cease serving in the additional capacity of principal financial officer.

From December 2014 until its merger with Ensco in April 2019, Butz served as Executive Vice President and Chief Financial Officer of Rowan Companies.

From April 2005 through November 2014, Butz served in various roles at Hercules Offshore, most recently as Executive Vice President and Chief Financial Officer.

Prior to that, Butz worked as an equity research analyst covering various energy-related industries and as a commercial banker.

Julie J. Robertson, Chairman, President and Chief Executive Officer of Noble Corporation, commented: “I am delighted that Stephen will be joining Noble. He adds a wealth of experience in, and knowledge of, the oil service business and has strong capital markets experience. I look forward to Stephen becoming a part of our management team.”

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