---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-065308"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2022-05-26T23:59:59+00:00"
generated_at: "2026-06-25T06:55:55.422369+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-065308
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2022-05-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000110465922065308/0001104659-22-065308-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000110465922065308/tm2216986d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-065308
- JSON: https://secwatch.observer/filing/0001104659-22-065308.json
- Plain text: https://secwatch.observer/filing/0001104659-22-065308.txt

## Key facts
- Executive change
  Darin Gibbins departed as Interim Chief Financial Officer at Valaris Ltd.
  - Action: step down
  - Role: Interim Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314808/000110465922065308/0001104659-22-065308-index.htm
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/314808/000110465922065308/0001104659-22-065308-index.htm

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