Seadrill has appointed Anton Dibowitz as executive vice president, adding to his ongoing role as chief commercial officer and freeing chief executive Per Wullf to focus on a refinancing process.
Dibowitz will continue to report to chief executive Per Wullf and will take on additional responsibility for day-to-day business administration.
Wullf said: I am pleased to welcome Anton as Executive Vice President of the company. He has been key to developing Seadrill’s commercial organisation since joining in 2007. This arrangement will free up more of my time to focus on strategic matters, leading Seadrill through this downturn and the ongoing refinancing process.”
Dibowitz has almost 20 years’ experience in the drilling industry and has served as chief commercial officer and senior vice president since January 2013.
Earlier this month the Norwegian drilling contractor agreed a deal with senior note holders worth $55million.
It has also secured a deal with a banking group to give it breathing room before nearly $3billion of debt was due. The move delayed the maturity of $950million in total debt in June and December this year to December 2016 and May 2017.
It also delayed the maturity of $2billion debt of subsidiary North Atlantic Drilling Ltd. from April 2017 to June 2017.
Seadrill owed $11.1billion in interest-bearing debt at year-end.
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