On April 26, 2022, the Board of Directors of Diamond Offshore Drilling, Inc. increased the size of the Board from seven to eight members and appointed Benjamin C. Duster, IV to serve on the Board as a Class III director of the company, effective on May 3, 2022. Mr. Duster, age 61, is Founder and CEO of Cormorant IV Corporation, LLC. He is a 30-year veteran of Wall Street with extensive experience in mergers and acquisitions and strategic advisory services in developed and emerging markets.

Prior to founding Cormorant in 2014, Mr. Duster was a Senior Adviser at Watermark Advisors from 2006 to 2015, Partner at Masson & Company from 2001 to 2006, a Managing Director at Wells Fargo (Wachovia Securities) from 1997 to 2001 and a Vice President at Salomon Brothers Inc. from 1985 to 1997. Mr. Duster has served as a director, Chair of the Audit Committee and member of the Compensation Committee of Chesapeake Energy Corporation.