New Board as Seadrill Exits Chapter 11

Bermuda-based offshore drilling company Seadrill Limited has announced that a new, independent, seven-member board of directors will assume leadership of the new parent company of the Seadrill group upon emergence from chapter 11, the Royal Gazette reported. The company said that it received confirmation of its plan of reorganisation on October 26 and is targeting emergence early in 2022. Julie Johnson Robertson is chairwoman of the board, and Mark McCollum will chair the audit committee. Also joining the board are Karen Dyrskjot Boesen, Jean Cahuzac, Jan Kjaervik, Andrew Schultz, and Paul Smith. Stuart Jackson, chief executive officer of Seadrill, said: "We look forward to welcoming this new board of directors to help grow the Seadrill brand and execute on our strategic priorities. “The new Seadrill will start 2022 in a position of strength and, together with our new board, we will be ready to focus on the reshaping of the industry." Read more.