Rabun to Succeed Thorne as ENSCO Chief
ENSCO International Incorporated announced Tuesday that the Company's Board of Directors formally approved the previously announced succession plan for the company's chief executive officer, appointing Daniel W. Rabun, currently President and a member of the ENSCO Board of Directors, to succeed Carl F. Thorne as Chief Executive Officer effective January 1, 2007. Mr. Thorne will thereafter continue to serve as non-executive Chairman of the Board.
The Board of Directors also declared a regular quarterly cash dividend of $0.025 per share of ENSCO common stock. The cash dividend will be paid on December 15, 2006, to stockholders of record on December 1, 2006.
ENSCO, headquartered in Dallas, Texas, owns and operates a fleet of offshore drilling rigs servicing the petroleum industry on a global basis.
Manages 65 Offshore Rigs
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