Noble names Stilley CEO of spinoff company Paragon Offshore

Posted on 05 February 2014

Randall D. Stilley will serve as president and CEO of Noble Corp’s spinoff company Paragon Offshore, a standard specification offshore drilling company, Noble recently announced.

“The board of directors is pleased that Randy will lead Paragon Offshore,” said David W. Williams, chairman, president and CEO of Noble. “His proven leadership skills, depth of experience and offshore drilling industry knowledge have given our board the utmost confidence that he will be able to lead this company in providing safe and reliable drilling services for its customers, which has long been a hallmark of Noble.”

Mr Stilley has served as CEO and president of Seahawk Drilling, CEO of the mat-supported jackup rig business at Pride International, as well as president and CEO of Hercules Offshore. He has more than 38 years of experience in the oil and gas industry and has also held executive level positions at Weatherford, Halliburton and Seitel. Mr Stilley is a registered professional engineer in Texas and a member of SPE. He has a BS degree in aerospace engineering from the University of Texas at Austin.

“I consider it a privilege to accept this opportunity with Paragon Offshore,” Mr Stilley said. “It’s exciting to be appointed to lead a company with a reputation for providing operational excellence worldwide. We have an outstanding team and a very capable fleet of assets to build upon. I look forward to working with our customers, employees and investors in this exciting new opportunity.”

Other members of the Paragon Offshore executive team were also announced. Charlie Yester, who currently serves as VP and division manager for Noble’s West Africa operations, will be senior VP of operations; Andrew Tietz, who currently serves as Noble’s VP marketing and contracts, will be senior VP marketing and contracts; Lee Ahlstrom, who currently serves as senior VP for strategic development, will be senior VP of investor relations, strategy and planning; and Todd Strickler, who currently serves as Noble’s associate general counsel, will be named as VP and general counsel.

“I’m excited with the degree of talent these individuals bring to the emerging organization. Each of them has contributed significantly to the success of Noble in recent years and their professionalism and experience in the industry positions Paragon Offshore for success in the future,” Mr Williams added.

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