Valaris appoints Anton Dibowitz as permanent CEO; $950K salary plus equity grants

Valaris Ltd

Anton Dibowitz named President and CEO effective Dec 8, 2021; had served as interim since Sept 3, 2021.
Employment agreement includes $950,000 base salary and target annual bonus of 115% of base salary from Jan 1, 2022.
Granted 103,304 time-based RSUs vesting in three annual installments starting July 2022.
Target award of 486,951 performance share units with hurdles: $45-75 share price, ROCE, strategic goals; settlement in July 2024.
Severance: two times sum of base salary and target bonus if terminated without cause or resigns for good reason.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Anton Dibowitz

President and Chief Executive Officer

VAL · Valaris Ltd

Effective: 2021-12-08
Filed: December 9, 2021, 6:59 PM ET

On December 8, 2021, the Board of Directors (the “Board”) of Valaris Limited (the “Company”) appointed Anton Dibowitz as President and Chief Executive Officer of the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Anton Dibowitz was appointed as President and Chief Executive Officer at Valaris Ltd.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On December 8, 2021, the Board of Directors (the “Board”) of Valaris Limited (the “Company”) appointed Anton Dibowitz as President and Chief Executive Officer of the Company, effective immediately.

View on SEC.gov

Valaris Ltd filing history →

Source: SEC EDGAR

accession 0000314808-21-000107

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.