Reference is made to the announcement by Shelf Drilling, Ltd. (“Shelf
Drilling” or the “Company”, OSE: SHLF) on February 7, 2024 regarding the Company’s leadership
transition plan and to the Company’s Annual General Meeting held on June 12, 2024. Today, the
Company announces that Greg O’Brien has assumed the role of Chief Executive Officer, David Mullen
that of Executive Chairman and Ernie Danner becomes Lead Independent Director.
Greg O’Brien has been the Company’s Executive Vice President & Chief Financial Officer since March
2016 and previously served as Director of Strategic Planning, overseeing the Company’s corporate
development efforts.
Greg O’Brien said “It is a privilege to take on the role of CEO at Shelf Drilling and lead the company
into the future. I am committed to building on the strong foundation established by David Mullen and
our outstanding leadership team. Together, we will continue to drive operational excellence,
innovation and value for all our stakeholders. I look forward to collaborating with our employees,
customers, and investors as we navigate the opportunities and challenges ahead, ensuring that Shelf
Drilling retains and strengthens its leading position in the industry.”
David Mullen said “I extend my gratitude to our stakeholders for their support since the company’s
inception in 2012. I am incredibly proud of the milestones we have achieved together at Shelf Drilling
and look forward to supporting the business in my new role as Executive Chairman of the Board. In
this new capacity, I am committed to ensuring a successful transition and working with the Board and
Management to drive even greater success for our company.”
