LONDON, March 16, 2020 /PRNewswire/ -- Noble
Corporation plc (NYSE: NE) today announced that Richard Barker (38) will replace Stephen M. Butz as Chief Financial Officer of
the Company, following Mr. Butz' decision to step down as Executive
Vice President and Chief Financial Officer to pursue other
opportunities. Mr. Butz made the decision to leave the Company
following the recently announced Chief Executive Officer transition
plan. His departure is not the result of any disagreement with the
Company regarding its accounting practices, financial statements or
financial condition, or any of the Company's related disclosures.
Julie J. Robertson, Chairman,
President and Chief Executive Officer of the Company, said, "Having
known and worked with Richard for many years, we are delighted that
he will be joining Noble as Senior Vice President and Chief
Financial Officer. His 15 years of experience in the oil and gas
sector on the investment banking side will be a valuable addition
to Noble's management team. We are disappointed in Stephen's
departure, but I respect his motivation. We appreciate
Stephen's contributions and wish him well."
Mr. Butz said, "Noble is a company with a rich history, high
quality assets and an exceptional workforce. I have confidence in
Robert's ability to lead the company through this challenging
market, and I wish him and the rest of the management team nothing
but success going forward."
Mr. Barker joins Noble following a distinguished career in
investment banking, specializing in oil field services and
equipment. Most recently, he was employed at Moelis &
Company, with previous assignments at JPMorgan Chase & Co.,
Tudor, Pickering, Holt & Co. and Goldman Sachs & Company.
Mr. Barker, who will begin his new role on March 30, 2020, graduated magna cum laude from
Rice University, where he earned a B.A.
in Mathematical Economic Analysis and Managerial Studies.
About Noble Corporation plc
Noble is a leading offshore drilling contractor for the oil and
gas industry. The Company owns and operates one of the most modern,
versatile and technically advanced fleets in the offshore drilling
industry. Noble performs, through its subsidiaries, contract
drilling services with a fleet of 25 offshore drilling units,
consisting of 12 drillships and semisubmersibles and 13 jackups,
focused largely on ultra- deepwater and high-specification jackup
drilling opportunities in both established and emerging regions
worldwide. Noble is a public limited company registered in
England and Wales with company number 08354954 and
registered office at 10 Brook Street, London, W1S 1BG England. Additional information on Noble is
available at www.noblecorp.com.
Forward-looking Disclosure Statement
Statements regarding executive management changes, including the
timing thereof, as well as any other statements that are not
historical facts in this release, are forward-looking statements
that involve certain risks, uncertainties and assumptions. These
include but are not limited to operating hazards and delays, risks
associated with operations outside of the U.S., actions or claims
by regulatory authorities, customers and other third parties,
legislation and regulations affecting drilling operations,
compliance with regulatory requirements, factors affecting the
level of activity in the oil and gas industry, supply and demand of
drilling rigs, factors affecting the duration of contracts, the
actual amount of downtime, factors that reduce applicable dayrates,
violations of anti-corruption laws, hurricanes and other weather
conditions, market conditions, the future price of oil and gas and
other factors detailed in the Company's most recent Form 10-K, Form
10-Q's and other filings with the Securities and Exchange
Commission. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those indicated.
SOURCE Noble Corporation