Ensco Files 8K - Changes Executive Management
December 07 2015 - 5:18PM
Dow Jones News
ENSCO PLC (ESV) filed a Form 8K - Changes in Company Executive
Management - with the U.S Securities and Exchange Commission on
December 04, 2015.
On December 7, 2015, Ensco plc (the "Company") announced the
retirement of J. Mark Burns from the Company. Mr. Burns ceased
serving in his capacity as Chief Operating Officer effective
December 4, 2015.
In connection with Mr. Burns' retirement, the Company also
announced that P. Carey Lowe, currently Executive Vice President,
has been named Chief Operating Officer effective December 4, 2015.
Mr. Lowe, age 57, joined the Company in 2008 and was appointed
Executive Vice President in December 2014. Mr. Lowe previously
served the Company as Senior Vice President - Eastern Hemisphere
and Senior Vice President with responsibilities including the
Deepwater Business Unit; safety, health and environmental matters;
capital projects; engineering; and strategic planning.
Prior to joining the Company, Mr. Lowe served as Vice President
- Latin America for Occidental Oil & Gas. He also served as
President & General Manager, Occidental Petroleum of Qatar Ltd.
from 2001 to 2007. Mr. Lowe held various drilling-related
management positions with Sedco Forex and Schlumberger Oilfield
Services from 1980 to 2000, including Business Manager - Drilling,
North and South America and General Manager - Oilfield Services,
Saudi Arabia, Bahrain and Kuwait. Following his tenure at
Schlumberger, he was associated with a business-to-business
e-procurement company until he joined Occidental during 2001. Mr.
Lowe holds a Bachelor of Science Degree in Civil Engineering from
Tulane University.
In connection with his appointment as Chief Operating Officer,
Mr. Lowe's annual base salary will be increased from $575,000 to
$620,000. He will also be eligible to receive an annual award under
Ensco's 2005 Cash Incentive Plan based on the achievement of
specific company goals and personal performance, with a target
award of 90% of his annual base salary.
The full text of this SEC filing can be retrieved at:
http://www.sec.gov/Archives/edgar/data/314808/000031480815000225/a8-k_2015markburns.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/314808/000031480815000225/0000314808-15-000225-index.htm
Public companies must file a Form 8-K, or current report, with
the SEC generally within four days of any event that could
materially affect a company's financial position or the value of
its shares.
(END) Dow Jones Newswires
December 07, 2015 17:03 ET (22:03 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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