Borr Drilling Announces Leadership Changes and Strategic Additions
Borr Drilling, a leading international jackup drilling contractor, has made significant changes to its leadership team and Board of Directors to drive the company forward and capitalize on new opportunities in the offshore drilling industry.
CEO Succession and Board Changes
After a unanimous decision by the Board of Directors, Bruno Morand has been appointed as the successor to CEO Patrick Schorn, effective September 1, 2025. Schorn will transition to the role of Executive Chairman, while current Chairman Tor Olav Trøim will continue as a Director of the Board. Dan Rabun, former CEO and Chairman of Ensco plc, will take on the role of Lead Independent Director.
These changes aim to ensure independent and objective leadership on behalf of Borr Drilling’s shareholders. Trøim praised Schorn for his contributions to the company over the past seven years and expressed confidence in Morand’s ability to lead Borr Drilling through its next phase of growth.
Appointment of Bruno Morand as CEO
Bruno Morand, who has been serving as Chief Commercial Officer at Borr Drilling since 2023, brings over 20 years of experience in the offshore drilling industry to his new role. With a background in operational management, project management, marketing, and customer relationship management, Morand is well-equipped to drive the company’s strategic initiatives and pursue new opportunities in the market.
According to Schorn, Morand’s appointment will enable the leadership team and Board to focus on long-term planning and potential inorganic growth opportunities that will drive the company forward.
Strategic Addition to the Board
Thiago Mordehachvili, Founder and Chief Investment Officer of Granular Capital Ltd., has been nominated to join the Board of Directors following a Special General Meeting planned for August 6. Mordehachvili, who holds more than 19% of the company’s shares, will bring valuable expertise in M&A, capital allocation, and capital markets to the Board.
Mordehachvili expressed his enthusiasm for joining the Board and contributing to the creation of long-term shareholder value at Borr Drilling. He highlighted the company’s superior assets, operations, and culture as key strengths that differentiate Borr in the industry.
Financial Updates and Leadership Changes
Jason Crowe will succeed Morand as SVP Commercial, effective September 1, 2025. The rest of the leadership team remains unchanged. Borr Drilling has also secured more favorable terms on financial covenants and plans to raise $100 million in equity, increasing the company’s available liquidity by over $200 million.
With these leadership changes, strategic additions to the Board, and financial updates, Borr Drilling is well-positioned to navigate the evolving offshore drilling market and drive sustainable growth in the years to come.