GlobalSantaFe Makes Executive Management Change

GlobalSantaFe announced the appointment of W. Matt Ralls as Executive Vice President and Chief Operating Officer and the promotions of Michael R. Dawson to Senior Vice President and Chief Financial Officer and Robert L. Herrin, Jr. to Vice President and Controller.

Ralls most recently served as Senior Vice President and CFO of GlobalSantaFe. He joined Global Marine, Inc., in 1997 as Vice President and Treasurer and was Senior Vice President, Chief Financial Officer and Treasurer of Global Marine prior to the November 2001 merger that created GlobalSantaFe. Ralls previously held executive positions at two publicly traded oil and gas companies and various management positions in commercial banking.

Dawson has served as Vice President and Controller of GlobalSantaFe since July of 2003. Previously, he served in the positions of Treasurer and Vice President of Investor Relations and Corporate Communications. Prior to joining the company, he held financial and investor relations management positions with Union Texas Petroleum and Shell Oil.

Herrin joined the company's internal audit staff in 1989 and held positions of increasing responsibility before his promotion to Vice President of Audit in 2002. He previously spent nine years at Tenneco Oil Company in both accounting and audit.

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