Three new executives added to Valaris leadership

Offshore drilling contractor Valaris has appointed three new members of the executive management committee following “a rigorous internal and external search process.”

Valaris DS-4 drillship; Source: Valaris

Valaris said on Thursday that Chris Weber will join the company as Senior Vice President and Chief Financial Officer (CFO), starting in the third quarter of 2022. Furthermore, Matt Lyne will join Valaris as Senior Vice President and Chief Commercial Officer (CCO) in the third quarter of 2022. Finally, Davor Vukadin, the company’s Associate General Counsel has been promoted to Senior Vice President and General Counsel.

Anton Dibowitz, President and Chief Executive Officer of Valaris, commented: “With the addition of these executives, I strongly believe that we have the right leadership team in place to continue building on the positive momentum we are seeing in the business. Our focus will remain on delivering safe, reliable and efficient operations for our customers while building upon our important strategic pillars of being value driven, focused and responsible in our decision making in order to maximize shareholder value.”

Chris Weber previously served as Chief Financial Officer of LUFKIN Industries, a global provider of rod lift optimization solutions, products, technologies and services to the oil and gas industry. Weber has also served as Chief Financial Officer of Abaco Drilling Technologies, Halliburton and Parker Drilling Company, and also held senior finance roles at Valaris predecessor companies, Ensco and Pride International.

Matt Lyne joins Valaris from Seadrill, where he served in a number of senior marketing and commercial roles for more than 12 years, most recently as Executive Vice President, Chief Commercial and Strategy Officer. Lyne also held a number of senior operational and functional roles with Transocean before joining Seadrill. He has over 20 years of offshore drilling experience in various international locations.

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Davor Vukadin has been with Valaris for eight years, helping to drive legal strategy on a wide range of matters including strategic transactions, mergers and acquisitions, complex negotiations and securities offerings.

Before being named to his current position, Vukadin served as Associate General Counsel and Secretary. Prior to joining Valaris, he practised corporate and securities law with the law firm of Norton Rose Fulbright for thirteen years.

Earlier this year, Valaris sold two jack-up rigs to a subsidiary of the UAE-based operator ADES International Holding. Each rig had been stacked for more than six years.