SEADRILL chief financial officer Mark Morris is to step down in June.

This follows a restructure of the Bermuda-registered company.

Mr Morris is to remain in his post until the end of June 2019 to enable the company to find a replacement.

Chief executive Anton Dibowitz said Mr Morris had played an important role.

ADVERTISEMENT

“Mark has been a valuable partner to both the company and me and I would like to thank him for his contribution to Seadrill, in particular his financial leadership through the restructuring process,” Mr Dibowitz said.

“We wish him every success in his future pursuits.”

Mr Morris said it had been a privilege to have led the restructuring of Seadrill through “a very complicated set of negotiations and transactions”.

“I have enjoyed my time here as CFO, and now is the right time to seek new and different challenges. I wish the company every success in the future,” he said.

The company has begun a search process.

ADVERTISEMENT