CATEGORIZED | News

Ensco CEO Dan Rabun to retire

Posted on 13 November 2013

Dan Rabun, the president, chairman and CEO of Ensco, will retire, the company announced.

Dan Rabun, the president, chairman and CEO of Ensco, will retire, the company announced.

Dan Rabun, chairman, president and CEO of Ensco, will retire after nearly eight years of service, the company announced today. Mr Rabun will continue to serve in his position until the board of directors complete the succession process and a new CEO is appointed. To assist with the new CEO’s transition, he will remain chairman through at least Ensco’s 2014 Annual General Meeting.

Mr Rabun served during 2012 as IADC chairman and 2011 as vice chairman. His planned retirement from the CEO role has been part of the board’s succession planning process for more than a year.

A special committee chaired by the board’s lead director, Paul Rowsey, is directing the succession process. “Dan has made many contributions to the success of our company – especially his unwavering passion to further advance safety and operational excellence,” Mr Rowsey said, noting that in the past eight years the company’s revenue, equity and dividends have more than quadrupled. “We are now among the largest and most well-respected offshore drillers. We are grateful that Dan will facilitate a smooth transition as we complete the succession process.”

Heidrick & Struggles International, an executive recruiting firm, is working with the committee and is considering both external and internal candidates.

“I have truly enjoyed leading Ensco over the past eight years. We have a highly talented management team and exceptionally dedicated employees who have made our many achievements possible. In particular, I am especially proud that we have taken our safety performance to an even higher level,” Mr Rabun said. “Our new CEO will benefit, as I have, from our employees’ commitment to go beyond expectations in everything they do.”

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 01 October 2014

    Drillmec automated rig, drilling package designed to ensure safety, increase efficiency

    Drillmec has designed an automated drilling rig – AHEAD, Advanced Hydraulic Electrical Automated Driller – that reduces the rig footprint by approximately 50%...

  • 01 October 2014

    Noble Energy to resume exploration drilling offshore Falkland Islands

    Noble Energy.plans to resume exploration drilling in the Falkland Islands in 2015, following the acquisition and evaluation of an extensive 3D seismic program…

  • 01 October 2014

    Video: Schlumberger mapping-while-drilling service expands view around wellbore

    GeoSphere, Schlumberger’s new reservoir mapping-while-drilling service, optimizes well placement operations and steering capabilities with deep-directional...

  • 30 September 2014

    Statoil, Shell and Sonatrach awarded acreage onshore Algeria

    Statoil and Shell were awarded the Timissit Permit License in the Illizi-Ghadames Basin onshore Algeria. The license is in southeastern Algeria and covers an area of 2,730 sq km...

  • 29 September 2014

    Rosneft discovers oil in Kara Sea

    Rosneft successfully completed the drilling of the Universitetskaya-1 well in the Arctic – the northernmost well in the world, according to the company, and discovered oil at the East-Prinovozemelskiy-1 license area...

  • Read more news