OSLO, Norway, Oct. 14, 2020 /PRNewswire/ -- Borr Drilling
Limited (the "Company") (NYSE: BORR) (OSE: BDRILL) is pleased to
announce the appointment of Christoph
Bausch as its new Chief Financial Officer, replacing Mr.
Francis Millet with effect from 1
November 2020.
Patrick Schorn, Chief Executive
Officer, commented:
"I am pleased to announce Christoph as the new Chief
Financial Officer of Borr Drilling. Christoph has been Chief
Financial Officer of NYSE and OSE listed oilfield service companies
for many years and brings extensive industry and financial
experience. His deep knowledge of the contract drilling business
combined with his experience in financial restructuring will be of
tremendous help to support Borr's strategic plans in a challenging
operating environment. I also want to thank Francis for his
dedication and many contributions to Borr's significant development
during this critical time."
Christoph Bausch, CFO designate
said:
"I am honoured to have the opportunity to support the strong
team at Borr Drilling and I look forward to working with Patrick,
and the Borr Drilling team and its stakeholders to unlock the value
of Borr's uniquely positioned asset base in the coming years as the
industry recovers."
Mr. Bausch brings many years of financial and operational
management experience. Most recently he served as Executive Vice
President and Chief Financial Officer of Weatherford. Previous to
his tenure at Weatherford, and since May of 2011, he served as
Executive Vice President and Chief Financial officer of Archer
Limited, an oilfield services company publicly traded on the Oslo
Stock Exchange. Before his role at Archer Limited, Mr. Bausch
served as a Global Finance Director of Transocean, after having a
20-year international career with Schlumberger, where he held
senior financial positions in global and regional capacities in the
U.S., the U.A.E., France,
Mexico, Venezuela and Germany across a number of business segments
covering operations, engineering, manufacturing and supply chain.
Mr. Bausch holds an M.B.A. degree ("Diplom Kaufmann") from the
University of Mannheim, Germany.
Hamilton, Bermuda,
14 October, 2020
Questions should be directed to:
Magnus Vaaler, VP Investor Relations
and Treasury
+47-22-48-30-00
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
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SOURCE Borr Drilling Limited