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Diamond Offshore reported Monday that it has emerged from Chapter 11 bankruptcy after completing a financial reorganization. Diamond Offshore Drilling, Inc. (OTCMKTS: DOFSQ) reported Monday that it, along with its debtor affiliates, emerged from Chapter 11 bankruptcy on April 23, 2021, after successfully completing a financial reorganization In addition, Marc Edwards has retired as the drilling contractor’s chairman, president, and CEO effectively immediately and that Executive Vice President and Chief Operating Officer Ronald Woll will serve into the interim CEO role until Edwards’ successor is named, Diamond noted in a written statement emailed to Rigzone. The firm stated that talks are underway regarding a new executive chairman and CEO, adding that it anticipates making announcements “in the near future.”

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