Valaris Says Tom Burke To Step Down As President And CEO - Quick Facts

(RTTNews) - Valaris Ltd. (VAL) announced Thursday that Tom Burke will step down from his position as President and Chief Executive Officer and member of the Board of Directors, effective September 2, 2021.

The Valaris Board of Directors has appointed Anton Dibowitz, a current Board member, as interim President and Chief Executive Officer effective September 3, 2021.

Burke will continue to support Valaris for a period to ensure a smooth leadership transition for the Company. He also will remain on the Board of Directors of ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco.

Further, Valaris announced that Jon Baksht will step down from his position as Executive Vice President and Chief Financial Officer, effective September 2, 2021.

The Valaris Board of Directors has appointed Darin Gibbins, the Company's Vice President - Investor Relations and Treasurer, as interim Chief Financial Officer effective September 3, 2021.