Noble CEO David Williams leaves

  • Push-out Score suggests push-out forces
  • After ten years in the position
  • Accolades, praise and thanks for Williams
  • Julie Robertson taking over
  • Williams spoke at length and said 93 words

(exechange) — London, United Kingdom, January 11, 2018 — David Williams, chief executive of Noble, leaves. It is an abrupt change. As announced by Noble Corporation plc in a news release on Thursday, January 11, 2018, David W. Williams leaves his post as Chief Executive Officer at the offshore drilling contractor after ten years in the position.

It is the end of an era.

The leadership succession plan calls for Williams to remain with the Company through February 2018, serving in an advisory capacity.

Williams’ duties will be taken over by Julie Robertson, most recently Executive Vice President at Noble Corporation plc.

Noble has already removed the name of Williams as Chief Executive Officer from the leadership page and lists Robertson as Chairman of the Board, President & CEO.

No reason given

In the announcement, Noble did not explicitly explain the obviously compelling reason for Williams’ sudden move, leaving room for speculation.

Precise information about Williams’ future plans was not immediately available.

“Retirement”

Noble said: “Noble Corporation plc … today announced the retirement of Chairman, President and Chief Executive Officer David W. Williams, and the election by the Board of Directors of Julie J. Robertson to succeed Mr. Williams in such roles.”

Share price decline

The change follows a decline in the share price of Noble Corporation plc since December 2013.

In the position of CEO since 2008

Williams has served as Chairman, President and Chief Executive Officer of the Company since January 2008.

Williams served as Senior Vice President—Business Development of Noble Drilling Services Inc., an indirect, wholly-owned subsidiary of the Company, from September 2006 to January 2007, as Senior Vice President—Operations of Noble Drilling Services Inc. from January to April 2007, and as Senior Vice President and Chief Operating Officer of the Company from April 2007 to January 2008.

Prior to September 2006, Williams served for more than five years as Executive Vice President of Diamond Offshore Drilling, Inc., an offshore oil and gas drilling contractor.

Push-out Score suggests push-out forces

It is not completely certain what forces eventually triggered David Williams’ sudden move.

The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the change.

Read the full story in the exechange report 3.2018 ($).