Vantage Drilling Company Reports Change in Board Composition
2011年4月19日 - 5:07AM
Marketwired
Vantage Drilling Company ("Vantage") (NYSE Amex: VTG.U) (NYSE Amex:
VTG) (NYSE Amex: VTG.WS) today reported a change in the composition
of its Board of Directors.
On April 8, 2011, Hsin-Chi Su informed the Board of Directors
(the "Board") of Vantage that effective upon the appointment of
Steven Bradshaw to the Board, he would resign from the Board and
from the Compensation Committee of the Board. On April 14, 2011,
the Board appointed Steven Bradshaw to the Board.
Paul Bragg, Chairman and Chief Executive Officer, commented, "I
would like to thank Nobu Su for his service on the Board since June
2008, when Vantage acquired its current five drilling rigs, all of
which were then just under construction. With the support of Nobu,
we were able to expand rapidly from start up with about $275
million in assets, to full operations with approximately $2 billion
in assets today. In the past few months, F3 Capital initiated the
replacement of two of its internal Board representatives with new,
independent, industry-experienced Board members. Our Board has
evolved from its initial sponsor-heavy composition, into an
independent group with both experience and industry expertise to
provide sound governance and fiduciary oversight on behalf of all
of our shareholders. I am also pleased to have Steve Bradshaw join
the Board. His experience in offshore drilling will be a valuable
asset to us."
Vantage, a Cayman Islands exempted company, is an offshore
drilling contractor, with four Baker Marine Pacific Class 375
ultra-premium jackup drilling rigs operating, and an ultra
deepwater drillship, the Platinum Explorer. Vantage is also
providing management services for four other ultra-deepwater
drillships.
The information above includes forward-looking statements within
the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934. These forward-looking statements are subject
to certain risks, uncertainties and assumptions identified above or
as disclosed from time to time in the company's filings with the
Securities and Exchange Commission. As a result of these factors,
actual results may differ materially from those indicated or
implied by such forward-looking statements.
Contact: Public & Investor Relations Contact: Paul A.
Bragg Chairman & Chief Executive Officer Vantage Drilling
Company (281) 404-4700
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