Sign in

    Anton Dibowitz

    President and Chief Executive Officer at Valaris Ltd
    Board
    Since December 2021
    Age
    53 years
    Education
    Holds a Bachelor's degree in Business Administration and Master's degrees in Professional Accounting (MPA) and Business Administration (MBA) from the University of Texas at Austin and is a Certified Public Accountant.
    Tenure
    Joined the board in July 2021, served as interim CEO starting in September 2021, and was appointed permanent President and CEO in December 2021.

    Also at Valaris Ltd

    CW
    Christopher Weber
    Senior Vice President and Chief Financial Officer (CFO)
    DG
    Darin Gibbins
    Vice President – Investor Relations and Treasurer
    DV
    Davor Vukadin
    Senior Vice President, General Counsel, and Secretary

    About

    Anton Dibowitz, aged 53 as of February 20, 2025, is an experienced executive with over 20 years of expertise in the drilling industry. Beginning his career in roles related to tax, process reengineering, and marketing at companies such as Transocean Ltd. and Ernst & Young LLP, he developed a strong foundation in business management and financial oversight.

    Before joining Valaris Limited, he held several key positions at Seadrill Ltd., including Chief Commercial Officer, Executive Vice President, and ultimately serving as CEO during a challenging period that included a bankruptcy filing in September 2017. His progression through these roles demonstrates a consistent record of leadership and strategic acumen in a complex industry.

    At Valaris, after joining the Board of Directors in July 2021 and serving as interim CEO from September 2021, he was appointed as the permanent President and CEO in December 2021. His tenure at the company has been marked by the application of his extensive managerial experience and industry knowledge to drive strategic initiatives and operational improvements.

    $VAL Performance Under Anton Dibowitz

    Past Roles

    OrganizationRoleDate RangeDetails
    Valaris Limited (VAL) Interim President and Chief Executive Officer Sep 2021 - Dec 2021 Served as interim CEO before being appointed permanently
    Valaris Limited (VAL) Board of Directors Joined in July 2021 Served on the Board prior to his permanent CEO appointment
    Seadrill Ltd. Advisor Nov 2020 - Mar 2021 Served as an advisor following his tenure as CEO
    Seadrill Ltd. Chief Executive Officer Jul 2017 - Oct 2020 Notable event: Filing for bankruptcy in Sep 2017
    Seadrill Ltd. Executive Vice President of Seadrill Management Jun 2016 - Jul 2017 N/A
    Seadrill Ltd. Chief Commercial Officer Jan 2013 - Jun 2016 N/A
    Transocean Ltd. Various roles in tax, process reengineering, and marketing N/A Held multiple positions
    Ernst & Young LLP Tax-related roles N/A Worked in tax functions

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$950,000 Annual (as of Dec 31, 2023) Fixed annual salary
    Defined Contribution Savings Plan$16,500 Per plan contributions during 2023 Company matching contributions under Valaris Savings Plan
    Group Term Life Insurance$1,890 Annual premium payment in 2023 Company-paid group term life coverage

    Performance Compensation

    Data from  FY 2023

    Non-Equity Incentive Plan Compensation

    MetricValue
    Target Opportunity$1,092,500
    Final Payout$1,005,100
    Payout Threshold50% payout
    Payout Target100% payout
    Payout Maximum200% payout
    Evaluation MetricsSafety (Personal & Process), Spill Prevention, Downtime, EBITDA, Operating Free Cash Flow, Strategic Team Goals
    Vesting ScheduleNo vesting; annual performance-based payout

    Share Price PSUs

    MetricValue
    Threshold Hurdle$45 closing price for 90 consecutive trading days (50% target units earned)
    Target Hurdle$55 closing price for 90 consecutive trading days (100% target units earned)
    Maximum Hurdle$75 closing price for 90 consecutive trading days (uneared as of 2023)
    Grant DateDecember 8, 2021
    Grant Date Fair Value$14.07 per unit
    Grant Date Stock Price$32.01
    Earned Units (2023)170,433 units
    Market Value$11,686,591
    VestingThree-year service period until June 30, 2024
    Remaining Unearned Units170,433 units

    Year 2 Strategic PSUs

    MetricValue
    Performance PeriodJuly 1, 2022 - June 30, 2023
    Achievement102%
    Target Units16,232 units
    Earned Units16,557 units
    Grant DateJuly 19, 2022
    Grant Date Fair Value$42.66 per unit
    VestingTime-based vesting until June 30, 2024

    Year 3 Strategic PSU Goals

    MetricValue
    Threshold8,116 units
    Target16,232 units
    Maximum24,348 units
    Grant DateJuly 18, 2023
    Grant Date Fair Value$1,162,698
    Grant Date Stock Price$71.63 per share
    VestingVest after June 30, 2024
    Performance MetricsOperational & safety compliance, strategic milestones, backlog growth, corporate development opportunities, capital structure optimization
    Payout Range0% to 150% of target PSUs