Ensco CEO set to retire
LONDON -- Ensco plc has announced that chairman, president and CEO Dan Rabun has decided to retire after nearly eight years of service.
Rabun will continue to serve in his current role as chairman, president and CEO until the Board of Directors has completed the succession process and a new CEO has been appointed. To assist with the new CEO’s transition, Rabun will remain chairman through at least the 2014 Annual General Meeting.
Rabun’s planned retirement from the CEO role has been part of the Board’s succession planning process for more than a year. A special committee chaired by Paul Rowsey, the Board’s lead director, is directing the succession process. This committee has been working with Heidrick & Struggles International Inc., an executive recruiting firm, and is considering both external and internal candidates.