CAYMAN ISLANDS — Shelf Drilling Ltd.'s board has approved a transition plan, effective August 2024, where David Mullen will step down from the role of CEO and assume that of executive chairman.
Mullen has served as CEO since November 2012.
At the same time, Greg O’Brien, current executive vice president and CFO, will be appointed CEO. The company has launched a search process to identify a suitable candidate to replace O’Brien as EVP and CFO.
In addition, Ernie Danner will step down as chairman of the board and will then serve as lead independent director of the company.