Jay Swent Retires and Jon Baksht Named Chief Financial Officer
November 16 2015 - 8:33AM
Business Wire
Ensco plc (NYSE:ESV) announced today that Jon Baksht has been
named chief financial officer. He will be based in London and
succeeds Jay Swent, who is retiring effective at year end.
Baksht most recently was vice president – finance after joining
Ensco as vice president – treasurer. His professional career
includes experience in investment banking and consulting. Baksht
has an MBA from the Kellogg School of Management at Northwestern
University and a BS in electrical engineering from the University
of Texas.
"We look forward to Jon leading our accounting, treasury, tax,
audit, financial planning and management systems functions,” said
CEO Carl Trowell. “Jon has already demonstrated a leading role in
the financial and strategic management of the company and his prior
experience positions him well to take on this new role.”
Supply chain and information services will continue to report to
Swent in the near term until a new reporting structure is
announced.
Trowell added, “Jay has been a major contributor to Ensco’s
growth and achievements for more than a decade. We congratulate Jay
on his successful career and wish him well in his retirement.”
Ensco plc (NYSE:ESV) brings energy to the world as a global
provider of offshore drilling services to the petroleum industry.
For more than 28 years, the company has focused on operating safely
and going beyond customer expectations. Ensco is ranked first in
total customer satisfaction in the latest independent survey by
EnergyPoint Research — the fifth consecutive year that Ensco has
earned this distinction. Operating one of the newest
ultra-deepwater rig fleets and the largest premium jackup fleet,
Ensco has a major presence in the most strategic offshore basins
across six continents. Ensco plc is an English limited company
(England No. 7023598) with its registered office and corporate
headquarters located at 6 Chesterfield Gardens, London W1J 5BQ. To
learn more, visit our website at www.enscoplc.com.
Statements contained in this press release that are not
historical facts are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements include
words or phrases such as “anticipate,” “believe,” “estimate,”
“expect,” “intend,” “plan,” “project,” “could,” “may,” “might,”
“should,” “will” and similar words and specifically include
statements regarding the new chief financial officer. Such
statements are subject to numerous risks, uncertainties and
assumptions that may cause actual results to vary materially from
those indicated. When considering these forward-looking statements,
you should keep in mind the risk factors and other cautionary
statements in our reports filed with the SEC, including those
described under “Item 1A. Risk Factors” in Part I of our most
recent annual report on Form 10-K, as updated in our subsequent
quarterly reports on Form 10-Q, which are available on the SEC’s
website at www.sec.gov or on the
Investor Relations section of our website at www.enscoplc.com. Each forward-looking statement
speaks only as of the date of the particular statement, and we
undertake no obligation to publicly update or revise any forward
looking statements, except as required by law.
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Ensco plcInvestor & Media Contacts:Sean O’Neill,
713-430-4607Vice President – Investor Relations and
CommunicationsorNick Georgas, 713-430-4490Senior Manager – Investor
Relations
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