After previously announcing several new leadership changes in May 2022, Valaris Ltd.'s Matt Lyne commenced his new role as chief commercial officer on Sept. 26, according to a company press announcement.

“I am pleased to welcome Matt to the Valaris Executive Management Committee at an exciting time for our business," president and CEO Anton Dibowitz commented in the release.

"Valaris has significant operating leverage to the improving market, and Matt’s deep industry experience will be critical in helping us to exercise this leverage in a disciplined manner that generates meaningful returns for our shareholders.”

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With over 20 years of offshore drilling experience, Lyne served in senior marketing and commercial roles at Houston-based drilling contractor Seadrill prior to Valaris, most recently serving as chief commercial and strategy officer. Additionally, he previously held several senior operational and functional roles at offshore drilling contractor Transocean.

Dibowitz also revealed that Christophe Raimbault, who previously served as vice president and interim head of marketing, will begin his new role as vice president of sustainability and new energy.

“Christophe will drive further momentum behind our commitment to reduce emissions from our operations and partner with our customers to support their ESG efforts, as well as identify and progress opportunities within the new energy arena,” he added.