Rowan Nominates Jack Moore as a New Director

Feb 25, 2016, 19:00 ET from Rowan Companies plc

HOUSTON, Feb. 25, 2016 /PRNewswire/ -- Rowan Companies plc ("Rowan" or "Company") (NYSE: RDC) announced that Jack B. Moore has been nominated to stand for election to the Rowan Companies Board of Directors at the annual general meeting of shareholders. Mr. Moore recently retired as Chief Executive Officer from Cameron International Corp. in October 2015, after serving in that role since 2008 and as Chairman of the Board since 2011.

Matt Ralls, Rowan's Chairman of the Board, stated, "We are delighted to nominate Jack today. We are confident that his qualifications and experience in the oilfield services sector will make him a strong contributor to the Rowan Board of Directors."

Mr. Moore also serves on the Board of Directors of KBR Inc. and on the Board of the Petroleum Equipment Suppliers Association, the National Ocean Industries Association, and the American Petroleum Institute. He also serves in positions of leadership in charitable and non-profit organizations, including the United Way of Greater Houston, MAM, The University of Houston Board of Visitors and the CT Bauer College of Business Advisory Board. Mr. Moore has a Bachelor of Business Administration degree from the University of Houston and attended the Advanced Management Program at the Harvard Business School.

Rowan is a global provider of contract drilling services with a fleet of 31 mobile offshore drilling units, composed of 27 self-elevating jack-up rigs and four ultra-deepwater drillships. The Company's fleet operates worldwide, including the United States Gulf of Mexico, the United Kingdom and Norwegian sectors of the North Sea, the Middle East and Trinidad. The Company's Class A Ordinary Shares are traded on the New York Stock Exchange under the symbol "RDC."  For more information on the Company, please visit www.rowan.com.

Statements herein that are not historical facts are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements as to the expectations, beliefs and future expected business, financial performance and prospects of the Company. These forward-looking statements are based on our current expectations and are subject to certain risks, assumptions, trends and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. Among the factors that could cause actual results to differ materially include oil and natural gas prices, the level of offshore expenditures by energy companies, variations in energy demand, changes in day rates, cancellation or renegotiation by our customers of drilling contracts, letter agreements or letters of intent or the exercise of early termination provisions, risks associated with fixed cost drilling operations, cost overruns or delays on shipyard repair, construction or transportation of drilling units, maintenance and repair costs, costs or delays for conversion or upgrade projects, operating hazards and equipment failure, risks of collision and damage, casualty losses and limitations on insurance coverage, customer credit and risk of customer bankruptcy, conditions in the general economy and energy industry, weather conditions and severe weather in the Company's operating areas, increasing complexity and costs of compliance with environmental and other laws and regulations, changes in tax laws and interpretations by taxing authorities, civil unrest and instability, terrorism and hostilities in our areas of operations that may result in loss or seizure of assets, the outcome of disputes and legal proceedings, effects of the change in our corporate structure, and other risks disclosed in the Company's filings with the U.S. Securities and Exchange Commission. Each forward-looking statement speaks only as of the date hereof, and the Company expressly disclaims any obligation to update or revise any forward-looking statements, except as required by law.

 

SOURCE Rowan Companies plc



RELATED LINKS

http://www.rowan.com