Inactive Instrument

The Drilling Company of 1972 A/S

DRLCO

DK0061135753

Drilling of 1972 A/S : Changes to Maersk Drilling’s Executive Management

July 31, 2020 at 08:29 am EDT

Today, The Drilling Company of 1972 A/S (“Maersk Drilling”), announces that Chief Financial Officer (“CFO”), Jesper Ridder Olsen, has decided to pursue another opportunity outside Maersk Drilling and will leave the company by end January 2021 at the latest.

Jesper Ridder Olsen was appointed CFO and member of Executive Management in Maersk Drilling in 2018.

Jørn Madsen, CEO of Maersk Drilling says:

"Since he joined Maersk Drilling in 2018, Jesper has been instrumental in the transformation of our company from a business unit in A.P. Moller - Maersk to an independently listed company on Nasdaq Copenhagen. I would like to thank Jesper for his contributions to Maersk Drilling and I appreciate his commitment to ensure a smooth and efficient handover in the months to come as we commence the search for his replacement”.

For further information, please contact:
Michael Harboe-Jørgensen
Head of Investor Relations
+45 2328 5733
Michael.Harboe-Jorgensen@maerskdrilling.com

Kristoffer Apollo
Senior Press Officer
+45 2790 3102
Kristoffer.Apollo@maerskdrilling.com

Attachment

Company Announcement - 019 - 31072020 - CFO Resignation

Latest news about The Drilling Company of 1972 A/S

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Company Profile

Drilling Company of 1972 A/S is a Denmark-based drilling company and a global lessor and operator of high-tech offshore drilling rigs and vessels, which carry out drilling activities at sea at great water depths and under extreme weather conditions, for oil and gas companies worldwide. Drilling Company of 1972 A/S' fleet of drilling rigs and vessels comprises 19 jack-up platforms that stand on the seabed. They are capable of operating at depths down to approx. 150 meters. The Company's 20 floaters are divided into four semi-submersible rigs, which are floating platforms that can operate in water depths down to about 3,000 meters, while the 4 drillships can operate down to approx. 3,650 meters water depth. The Company's main activities are divided into two segments: North Sea and International. The Company has several subsidiaries, such as Maersk Drilling Services Singapore Pte Ltd and Maersk Drilling Brasil Servicos de Perfuracao Maritimos Ltda.

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Oil & Gas Drilling

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