The Board of Borr Drilling Limited announced that Pål Kibsgaard has been formally appointed as the new Chairman of the Board in a board meeting of the Company. Mr. Kibsgaard will replace Tor Olav Trøim as Chairman, who will continue to serve as a Director and has been appointed as Deputy Chairman. As previously announced, Mr. Kibsgaard was elected as a director of the company at the Company's AGM on September 27, 2019.