CHC Helicopter: CEO resigns after 10 months, ex-Valaris boss appointed
CHC Helicopter chief executive Jorn Madsen is resigning after 10 months in the role, to be replaced by former Valaris CEO Tom Burke.
CHC Helicopter chief executive Jorn Madsen is resigning after 10 months in the role, to be replaced by former Valaris CEO Tom Burke.
Tom Burke, the former CEO of drilling rig giant Valaris, has joined private equity group SCF Partners.
The board of offshore drilling group Valaris has confirmed Anton Dibowitz as president and chief executive officer, following his interim appointment earlier this year.
Valaris, one of the world’s largest offshore drilling companies, has announced a change-up of its top team with the appointment of a new CEO.
Valaris has reported losses of $910million as one of the world’s largest offshore drillers hopes to soon re-emerge from bankruptcy.
Valaris, the world’s largest offshore drilling firm, has filed for Chapter 11 bankruptcy with a plan it said would reduce its debt by $6.5billion.
Rig operator Valaris fell to a £2.5billion pre-tax loss for the first quarter of 2020 due to write-downs on its oil and gas assets.
Valaris has sunk into the red as it seeks to sell off an ageing semi-submersible drilling rig.
The world’s largest offshore drilling firm EnscoRowan has announced plans to change its name to Valaris.