IR news

Archer Limited : Appointment of new CFO in Archer

Hamilton Bermuda (April 19, 2016)

Archer Limited is pleased to announce the appointment of Dag Skindlo as the Company’s new Chief Financial Officer and Executive Vice President Strategy, effective May 1, 2016.

Mr. Skindlo will replace Christoph Bausch, who has been the Executive Vice President and CFO in Archer since May 2011.  Mr. Bausch has decided to leave the Company in order to pursue other interests.

“We are very pleased to welcome Dag to our team.  I am confident that Dag will contribute greatly to solve the challenges of our company”, commented Mr. David King, Chief Executive Officer of Archer Limited “I would also like to thank Christoph for his contribution to Archer over the past five years and wish him all the best in his future endeavors.”

Mr. Skindlo is a business-oriented executive with 24 years in the Oil and Gas industry. He joined Schlumberger in 1992 where he held various financial and operational positions before he joined the Aker Group of companies in 2005. His experience from Aker Kvaerner, Aker Solutions and Kvaerner includes both global CFO roles and Managing Director roles for several large industrial business divisions. Dag comes from his role as CEO for Aquamarine Subsea, a HitecVision owned company. Dag brings with him extensive international experience including working for more than twelve years in countries like the US, Indonesia, Scotland, and China. Mr. Skindlo is a Norwegian citizen with a Master of Science in Economics and Business Administration from the Norwegian School of Economics and Business Administration (NHH). 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.