---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-107539"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2021-08-19T23:59:59+00:00"
generated_at: "2026-06-29T09:02:00.431269+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valaris CEO and CFO step down; interim leaders appointed effective Sept 3

## Summary
- CEO Thomas Burke steps down as President and CEO effective Sept 2, 2021; remains for transition.
- Anton Dibowitz appointed interim President and CEO effective Sept 3; monthly salary of $71,250.
- CFO Jonathan Baksht steps down effective Sept 2; receives severance under Valaris Executive Severance Plan.
- Darin Gibbins appointed interim CFO; monthly salary increased to $31,250 effective Sept 3.

## SEC filing metadata
- accession: 0001104659-21-107539
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2021-08-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000110465921107539/0001104659-21-107539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000110465921107539/tm2125480d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-107539
- JSON: https://secwatch.observer/filing/0001104659-21-107539.json
- Plain text: https://secwatch.observer/filing/0001104659-21-107539.txt

## Key facts
- Executive change
  Thomas Burke departed as President and Chief Executive Officer at Valaris Ltd.
  - Action: stepped down
  - Role: President and Chief Executive Officer
  source text: Mr. Thomas Burke, the Company’s President and Chief Executive Officer, will step down from his position as President and Chief Executive Officer of the Company and as a member of the Board of Directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/314808/000110465921107539/0001104659-21-107539-index.htm
- Executive change
  Anton Dibowitz was appointed as Interim President and Chief Executive Officer at Valaris Ltd.
  - Action: appointed
  - Role: Interim President and Chief Executive Officer
  source text: the Board appointed Anton Dibowitz as interim President and Chief Executive Officer of the Company, effective as of September 3, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/314808/000110465921107539/0001104659-21-107539-index.htm
- Executive change
  Jonathan Baksht departed as Executive Vice President and Chief Financial Officer at Valaris Ltd.
  - Action: stepped down
  - Role: Executive Vice President and Chief Financial Officer
  source text: will step down from his role as Chief Financial Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/314808/000110465921107539/0001104659-21-107539-index.htm
- Executive change
  Darin Gibbins was appointed as Interim Chief Financial Officer at Valaris Ltd.
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: the Board appointed Darin Gibbins to serve as interim Chief Financial Officer of the Company, effective as of September 3, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/314808/000110465921107539/0001104659-21-107539-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.