Borr Drilling Limited (NYSE, OSE: BORR) has announced the appointment of Magnus Vaaler as its new chief financial officer.
Borr Drilling Limited (NYSE, OSE: BORR) has announced the appointment of Magnus Vaaler as its new chief financial officer.
Vaaler, who previously served as the vice president of investor relations and treasury at the company, replaces Christoph Bausch. Vaaler has previously worked as the treasurer and vice president of finance at Frontline Ltd. and as the vice president of finance at Offshore Merchant Partners.
“I am pleased to announce Magnus as the new chief financial officer of Borr Drilling,” Patrick Schorn, the company’s chief executive officer, said in a company statement.
Borr Drilling Limited
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HAMILTON, Bermuda, Dec. 28, 2020 /PRNewswire/ Borr Drilling Limited (the Company ) (NYSE: BORR) and (OSE: BORR) is pleased to announce the appointment of Mr. Magnus Vaaler as its new Chief Financial Officer, replacing Mr. Christoph Bausch with effect from 28 December 2020.
Patrick Schorn, Chief Executive Officer, commented: I am pleased to announce Magnus as the new Chief Financial Officer of Borr Drilling. Magnus has been with the company since 2018 and has taken increasing responsibility in our finance team in the past year. We are confident that this succession plan provides continuity and stability in this period where we are working with key stakeholders to complete our financial restructuring and strengthening our liquidity profile. I also want to thank Christoph for his strong contribution to Borr Drilling during this critical time and wish him well in pursuing his other interests.