Diamond Offshore Drilling has named a new president and CEO, and its board has elected a new chairman.
Diamond Offshore Drilling, Inc. reported Monday that it has named Bernie G. Wolford Jr. the company’s president and CEO.
Wolford succeeds Marc Edwards, who
recently retired from Diamond when it completed its Chapter 11 financial restructuring. Diamond noted that Wolford, who served as CEO of Pacific Drilling S.A. from November 2018 to April 2021, will also sit on its board of directors.
“I am honored to be named Diamond’s CEO, and I’m excited to lead the company in its next phase,” Wolford remarked in a written statement emailed to Rigzone. “Diamond responsibly operates valuable assets, has an excellent operational and safety reputation, and maintains a competitive market position. I look forward to meeting with our employees both on the rigs and in offices around the world. I am committed to working with the board and the rest of the leadership team to ensure a sea
Diamond Offshore Names CEO
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HOUSTON, May 10, 2021 /PRNewswire/ Diamond Offshore Drilling, Inc. ( Diamond or the Company ) announced today that Bernie G. Wolford Jr. has been named the Company s President and Chief Executive Officer and will also serve on the Board of Directors. Mr. Wolford succeeds Marc Edwards, who retired from the Company as Chairman, President and Chief Executive Officer on April 23, 2021 when the Company and its debtor affiliates emerged from their chapter 11 financial restructuring.
Mr. Wolford brings 40 years of industry and related experience to his leadership role at Diamond. He served as the Chief Executive Officer of Pacific Drilling S.A., from November 2018 to April 2021. From 2010 to 2018, Mr. Wolford served in senior operational roles at Noble Corporation, including five years as the company s Senior Vice President – Operations. He began his career with Transworld Drilling Company in 1981 and has worked i
Diamond elects ex-Pacific Drilling and Noble exec as new CEO May 10, 2021, by Nermina Kulovic
Offshore drilling contractor Diamond Offshore has named a former boss of Pacific Drilling and a former executive of Noble Corporation as the company’s President and Chief Executive Officer who will also serve on the board of directors.
Diamond revealed on Monday that
Bernie G. Wolford Jr. succeeds
Marc Edwards, who retired from the company as Chairman, President, and CEO on 23 April 2021 when the company and its debtor-affiliates emerged from their Chapter 11 financial restructuring. Related Article Posted: 18 days ago
The restructuring provided substantial liquidity for Diamond, resulting in the equitization of about $2.1 billion in senior unsecured note obligations and providing the company with over $625 million of newly available capital.