Biography

Steven L. Newman has been a director of the company since August 2015. He is member of the Audit Committee, the Nominating and Governance Committee and the Compensation Committee of the Board of Directors. From May 2021 until its sale to Seadrill Limited in April 2023, Mr. Newman was Chairman and CEO of Aquadrill LLC, a private company engaged in the offshore contract drilling industry. From March 2010 until February 2015, he was President and Chief Executive Officer and a member of the Board of Directors of Transocean Ltd., a global offshore drilling company. From 1994 to 2010, Mr. Newman was employed by Transocean in various management and operational positions. Mr. Newman also serves as a director of SNC-Lavalin Group Inc., a worldwide engineering and construction company based in Montreal. Mr. Newman holds a Bachelor of Science degree in petroleum engineering from the Colorado School of Mines and an MBA from the Harvard University Graduate School of Business.

Mr. Newman was selected to serve as a director due to his executive experience within the oil and gas industry, his international experience and his public company background.