LONDON--(BUSINESS WIRE)--Ensco plc (NYSE: ESV) announced today that EVP & CFO Jay Swent, 64, will be retiring after more than 11 years of service. Mr. Swent will continue to serve in his current role until the succession process has been completed and a new CFO has been named. The completion of the succession process may extend into the first half of next year.
“Jay has been integral to Ensco’s major achievements over the past decade as the company has grown to become an industry leader,” said CEO and President Carl Trowell. “We congratulate Jay on his successful career, and wish him and his family all the best as they plan for his upcoming retirement.”
Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include words or phrases such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “could,” “may,” “might,” “should,” “will” and similar words and specifically include statements regarding Mr. Swent’s transition period and intention to continue to serve as CFO, succession planning and the appointment of a new CFO. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our reports filed with the SEC, including those described under “Item 1A. Risk Factors” in Part I of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10-Q, which are available on the SEC’s website at www.sec.gov or on the Investor Relations section of our website at www.enscoplc.com. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward looking statements, except as required by law.