New CEO for Ensco

Ensco plc announced today that Carl Trowell has been named Chief Executive Officer and President. Trowell will also be appointed to Ensco’s board. He succeeds Dan Rabun who is retiring after eight years as CEO. Rabun’s planned retirement was announced in November 2013.

The effective date for Trowell’s appointments to Chief Executive Officer, President and the board of directors is expected to be 15 June 2014. Following Trowell’s appointments, Rabun will remain as Non-Executive Chairman to ensure a smooth transition. Trowell will be based in Ensco’s London headquarters.

Trowell joins Ensco following a distinguished career with Schlumberger, the world’s leading supplier of technology, integrated project management and information solutions to the oil and gas industry. His leadership experience includes positions as President – Integrated Project Management (IPM), President – Schlumberger Production Management (SPM) and President – Schlumberger WesternGeco Ltd.

Trowell began his professional career as a petroleum engineer with Shell before joining Schlumberger where he held a variety of international management positions. His responsibilities ranged from operations and technology to marketing and business development across various regions. In particular, Trowell has a strong background in the development and deployment of new technologies and has been a member of several industry advisory boards in this capacity.

Trowell has a PhD in Earth Sciences from the University of Cambridge, a BSc degree in Geology from Imperial College London and an MBA from The Open University.

Paul Rowsey, lead director of Ensco, said, “Carl is a multi-talented executive with proven leadership, operations, technology and marketing expertise focused on the international energy services industry. He embodies our core values – particularly our commitment to safety, operational excellence and superior customer service – which, coupled with Carl’s extensive industry knowledge, make him the ideal executive to lead Ensco’s future growth in offshore drilling. We are confident that our customers, employees and shareholders will benefit greatly from his many talents, broad perspective and passion to excel. On behalf of the entire board and executive management team, we welcome Carl to Ensco.”

Rowsey added, “We thank Dan for his many achievements over eight years as CEO, especially Ensco’s safety record and leading customer satisfaction scores. Dan led Ensco through a remarkably successful period in our history that included newbuild construction and a well-executed acquisition that gave us more advanced technological capabilities, a larger customer base and more extensive global operations. We are grateful that Dan will stay on as Non-Executive Chairman for a period of time to ensure a smooth transition.”

“I have truly enjoyed leading Ensco and am especially proud that we have taken our safety performance to an even higher level,” commented Rabun. “Carl will benefit, as I have, from our highly-talented management team and exceptionally dedicated employees who go beyond expectations in everything they do.”

Trowell stated, “Ensco has a well-earned reputation as the best offshore driller given its focus on safety, operational excellence and customer service. I am honored to have been chosen to lead Ensco’s talented team of executives and employees, and my focus will be on fostering collaboration to fully harness our global resources. This includes working closely with customers and vendors to ensure we deliver the most innovative, technologically-advanced and efficient drilling services to the oil and gas industry. In doing so, we will create additional value for shareholders and even more career advancement opportunities for employees.”