Seadrill appoints Samir Ali as President and CEO, replacing Simon Johnson

Seadrill Ltd

Samir Ali, age 40, formerly EVP Chief Commercial Officer, becomes CEO effective March 12, 2026.
Annual base salary increased to $750,000; target bonus set at 110% of base, max 2x target.
LTI award of $3.5M: 60% performance-vested RSUs, 40% time-vested RSUs with negative TSR cap.
Severance enhanced: 24 months base/COBRA without cause/good reason; 3x lump sum within 24 months post-CIC.
Ali previously at Diamond Offshore, Bain Capital, and Simmons & Company.

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