Seadrill Ltd. Announces New Executive Compensation Plan with Salary Adjustments Effective September 2025

Reuters

Sep 04

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seadrill Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-194979), on September 03, 2025, and is solely responsible for the information contained therein.

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Announces New Executive Compensation Plan with Salary Adjustments Effective September 2025","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Seadrill Ltd. Announces New Executive Compensation Plan with Salary Adjustments Effective September 2025\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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. 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