Ensco Files 8K - Changes Executive Management

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)

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