Valaris appoints Christopher T. Weber as CFO; $550K salary, 90% bonus target, RSUs and PSUs

Valaris Ltd

Christopher T. Weber appointed SVP and CFO effective July 22, 2022; previous CFO at Lufkin Industries and Halliburton.
Weber receives $550,000 annual base salary, 90% target bonus, and participates in Executive Severance Plan.
Awarded 15,240 time-based RSUs vesting through July 2024 and 60,954 PSUs with share price, ROCE, and strategic hurdles.
Interim CFO Darin Gibbins steps down effective Weber's start date; remains VP – Investor Relations and Treasurer.

item 5.02

Executive movements

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

Departed (interim)

Darin Gibbins

Interim Chief Financial Officer

VAL · Valaris Ltd

Effective: 2022-07-22
Successor: Christopher T. Weber
Filed: May 26, 2022, 7:59 PM ET

Effective at the time Mr. Weber joins the company as Senior Vice President and Chief Financial Officer, Darin Gibbins, the Company’s Interim Chief Financial Officer and Vice President – Investor Relations & Treasurer, will step down from his position as Interim Chief Financial Officer of the Company.

Appointed

Christopher T. Weber

Senior Vice President and Chief Financial Officer

VAL · Valaris Ltd

Effective: 2022-07-22
Filed: May 26, 2022, 7:59 PM ET

On May 24, 2022, the Board of Directors (the “Board”) of Valaris Limited (the “Company”) appointed Christopher T. Weber as Senior Vice President and Chief Financial Officer of the Company, effective as of July 22, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Darin Gibbins departed as Interim Chief Financial Officer at Valaris Ltd.

Action: step down
Role: Interim Chief Financial Officer

Exact text from the filing

Effective at the time Mr. Weber joins the company as Senior Vice President and Chief Financial Officer, Darin Gibbins, the Company’s Interim Chief Financial Officer and Vice President – Investor Relations & Treasurer, will step down from his position as Interim Chief Financial Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Christopher T. Weber was appointed as Senior Vice President and Chief Financial Officer at Valaris Ltd.

Action: appointed
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

On May 24, 2022, the Board of Directors (the “Board”) of Valaris Limited (the “Company”) appointed Christopher T. Weber as Senior Vice President and Chief Financial Officer of the Company, effective as of July 22, 2022

View on SEC.gov

Valaris Ltd filing history →

Source: SEC EDGAR

accession 0001104659-22-065308

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