Valaris Appoints Anton Dibowitz President and Chief Executive Officer

Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that its Board of Directors has appointed Mr. Anton Dibowitz as President and Chief Executive Officer, effective immediately. Mr. Dibowitz, who has been serving as interim President and Chief Executive Officer of Valaris since September 3, 2021, is also a member of the Company’s Board of Directors.

“Anton has done a tremendous job leading Valaris over the past three months and we are delighted for him to continue building upon this positive momentum in a permanent capacity,” said Elizabeth Leykum, Chair of the Board of Valaris. “After a thorough and deliberative search process, the Board unanimously agreed that Anton’s extensive knowledge of Valaris and the offshore drilling industry make him exceptionally qualified to lead this company forward and deliver value for shareholders.”

“It has been an honor to lead such a talented team at Valaris these past three months, and I look forward to the opportunity to continue our work together,” commented Mr. Dibowitz. “I am encouraged by the continued steady increase in activity we have seen across our business, evidenced by the addition of more than $2.1 billion of backlog year to date. Valaris has proven that we are an organization with the scale, geographic diversity and best-in-class fleet to execute on our strategic priorities and deliver exceptional service to our customers around the world. Valaris has a bright future and I look forward to working closely with the Board and executive team to further solidify our position as the offshore driller of choice.”

About Mr. Anton Dibowitz

Mr. Dibowitz is a highly experienced executive with more than 20 years of drilling industry expertise. He joined the Valaris Board of Directors in July 2021 and was named interim President and Chief Executive Officer effective September 3, 2021. Prior to joining the Board, Mr. Dibowitz served as an advisor of Seadrill Ltd. from November 2020 until March 2021, and as Seadrill’s Chief Executive Officer from July 2017 until October 2020. Prior to that, he served as Executive Vice President of Seadrill Management from June 2016, and as Chief Commercial Officer from January 2013 to June 2016. Prior to joining Seadrill, Mr. Dibowitz held various positions within tax, process reengineering and marketing at Transocean Ltd. and Ernst & Young LLP. He is a Certified Public Accountant and a graduate of the University of Texas at Austin where he received a Bachelor's degree in Business Administration, and Master's degrees in Professional Accounting (MPA) and Business Administration (MBA).