Noble Corp. Plc named a new CEO on Feb. 19 as Julie J. Robertson takes on a new role as part of a leadership transition plan laid out by the London-based offshore driller.

After resigning from her current post of president and CEO at the close of the company’s next annual shareholder meeting, Robertson, who has worked for Noble and its predecessors since 1979, will assume the newly created role of executive chairman. Robert W. Eifler, currently senior vice president of commercial at Noble, has been named to succeed Robertson as president and CEO.

“The board and I are confident that now is the right time to transition leadership responsibilities to the next generation of talent,” Robertson said in a statement adding: “I have worked with Robert for 15 years and am confident that he possesses the leadership qualities, institutional knowledge, financial acumen and customer relationships to lead Noble forward.”

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