Seadrill Ltd. Announces New Executive Compensation Plan with Salary Adjustments Effective September 2025
Seadrill Ltd. has announced updated compensation arrangements for its executive officers, effective September 15, 2025. The company's Joint Nomination and Remuneration Committee has approved new annual base salaries for key executives. Grant Creed, Executive Vice President and Chief Financial Officer, will receive a base salary of $465,000. Samir Ali, Executive Vice President and Chief Commercial Officer, and Torsten Sauer-Petersen, Executive Vice President, Chief Technology & Sustainability Officer, will each have a base salary of $440,000. Todd Strickler, Senior Vice President and General Counsel, will earn $425,000 annually. The adjustments reflect a change in responsibilities for Mr. Sauer-Petersen, who recently took on the role of Chief Technology & Sustainability Officer.
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