This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Noble Corporation Names Randall D. Stilley To Serve As President And Chief Executive Officer Of Standard Specification Unit, Name For New Company Announced

LONDON, Feb. 4, 2014 /PRNewswire/ -- Noble Corporation plc (NYSE: NE) today announced that Randall D. (Randy) Stilley has been selected to serve as president and chief executive officer of Paragon Offshore, the standard specification offshore drilling company to be created upon separation from Noble.

"The Board of Directors is pleased that Randy will lead Paragon Offshore," said David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation. "His proven leadership skills, depth of experience and offshore drilling industry knowledge have given our Board the utmost confidence that he will be able to lead this Company in providing safe and reliable drilling services for its customers, which has long been a hallmark of Noble."

Stilley previously served as Chief Executive Officer and President of Seahawk Drilling, Inc., Chief Executive Officer of the mat-supported jackup rig business at Pride International Inc., as well as President and Chief Executive Officer of Hercules Offshore, Inc.  He has over 38 years of experience in the oil and gas industry and has also held executive level positions at Weatherford International, Inc., Halliburton Company and Seitel, Inc. Stilley is a registered professional engineer in the state of Texas and a Member of the Society of Petroleum Engineers. He holds a B.S. degree in Aerospace Engineering from the University of Texas at Austin.

"I consider it a privilege to accept this opportunity with Paragon Offshore," Stilley said. "It's exciting to be appointed to lead a company with a reputation for providing operational excellence worldwide. We have an outstanding team and a very capable fleet of assets to build upon. I look forward to working with our customers, employees and investors in this exciting new opportunity."

Other members of the Paragon Offshore executive team were also announced.  Charlie Yester, who currently serves as Vice President and Division Manager for Noble's West Africa operations, will be named as Senior Vice President of Operations; Andrew Tietz, who currently serves as Noble's Vice President Marketing and Contracts, will be named as Senior Vice President Marketing and Contracts; Lee Ahlstrom, who currently serves as Senior Vice President for Strategic Development, will be named as Senior Vice President of Investor Relations, Strategy and Planning; and Todd Strickler, who currently serves as Noble's Associate General Counsel, Corporate, will be named as Vice President and General Counsel. The Company anticipates making additional announcements regarding the appointment of other members of the management team and Board of Directors as the process moves forward.

Williams added, "I'm excited with the degree of talent these individuals bring to the emerging organization. Each of them has contributed significantly to the success of Noble in recent years and their professionalism and experience in the industry positions Paragon Offshore for success in the future."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs