Pacific Drilling S.A. announced that Paul T. Reese, currently Vice President Controller, will assume the role of Chief Financial Officer, effective February 28, 2014. Mr. Reese will succeed the company's current CFO, William Restrepo, who is leaving the company to pursue another opportunity.
'Paul's extensive industry and financial experience in senior positions will be invaluable to us as we continue delivering operational excellence following an exceptional year of growth and operational performance in 2013,' said CEO Chris Beckett. 'As a founding member of our management team Paul already has a strong track record of financial leadership with the company, and I am very pleased to be able to promote such a strong internal candidate to follow in William's shoes. I'd also like to take this opportunity to thank William for his significant contributions to the company, particularly his leadership during the transition of Pacific Drilling from a private venture into a publicly listed company. He leaves us with a robust capital structure and a strong growth trajectory, and we wish him well for the future.'