Thu, Mar 5, 2015, 7:32 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

SeaDrill Limited Message Board

  • glass_is_half_empty glass_is_half_empty Oct 3, 2012 9:21 AM Flag

    New CEO

    I guess replacing the CEO is an afterthought

    From Yahoo In Play:

    12:58AM Seadril's Board explores establishing new management service function and alternative location for more aggressive growth; replaces CEO Alf Thorkildsen with Fredrik Halvorsen as CEO

    (SDRL) 40.15 : The Board announces plans to implement a new management structure to ensure continued efficient operations and support its global strategy. the co can further improve its efficiency by reducing the size of the Seadrill Management and by moving several of the functions to the operating regions. Also, the Board decided Seadrill Management's location in Stavanger may constrain Seadrill's aggressive growth plans. Furthermore, the Norwegian cost level and distance from Seadrill's core markets makes travel and logistics cumbersome when managing world-wide operations. As such, the Board has decided to explore establishing a new management service function in an alternative location. Several locations including London, Dubai, Singapore and Houston are under consideration. A final decision regarding the location of the new office can be expected before year end. The Board has after discussions with the CEO of Seadrill Management, Alf Thorkildsen, mutually agreed to terminate his contract. Thorkildsen will remain on the Board of North Atlantic Drilling; a majority owned subsidiary of co. Fredrik Halvorsen, currently the CEO of Archer (ARHVF), has been appointed by the Board to succeed Thorkildsen.

 
SDRL
10.94+0.14(+1.30%)Mar 5 4:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Geron Corporation
NASDAQThu, Mar 5, 2015 4:00 PM EST
Orexigen Therapeutics, Inc.
NASDAQThu, Mar 5, 2015 4:00 PM EST
Orbital ATK, Inc.
NYSEThu, Mar 5, 2015 4:02 PM EST