Leadership changes at Seadrill Limited

Birgit Aagaard-Svendsen Photo credit: Berlingske

(PRESS RELEASE) HAMILTON, Bermuda, 27-Feb-2020 — /EuropaWire/ — Seadrill Limited welcomes Birgit Aagaard-Svendsen and Herman R. Flinder to its board of directors. Both will be replacing Eugene I. Davis and Scott D. Vogel who are stepping down from their current positions.

Birgit has extensive experience serving on boards and as audit committee chair of public companies. Previously served as chief financial officer in J. Lauritzen A/S shipping company for 18 years and as a member of the board of Danske Bank A/S for 16 years.

Herman brings to the board 30 years of experience in the offshore industry. He co-founded Norse Partners LLC and Energy Investment Management LLC, which manage a portfolio of investments in oil service companies. Herman is also a board member of Noram Drilling Company AS, Panther Fluids Management LLC and Wolf Downhole Motors LLC. He also served as a managing partner of Fearnley Offshore LLC in Houston.

“I would like to thank Gene and Scott for their dedication to Seadrill since they took up their board seats in 2018 in connection with our restructuring.

“As we enter the next chapter in Seadrill’s history, I would like to welcome Birgit and Herman to the Seadrill board. They are joining a team dedicated to helping Seadrill deliver on its potential and continuing to lead industry standards,” said Glen Ole Rødland, Chairman.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

For media information, please contact:

Iain Cracknell
Director of Communications

Tel: +44 (0)20 8811 4702

SOURCE: Seadrill Limited

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