Ensco plc (ESV) announced today that Jon Baksht has been named chief financial officer. He will be based in London and succeeds Jay Swent, who is retiring effective at year end.

Baksht most recently was vice president – finance after joining Ensco as vice president – treasurer. His professional career includes experience in investment banking and consulting. Baksht has an MBA from the Kellogg School of Management at Northwestern University and a BS in electrical engineering from the University of Texas.

“We look forward to Jon leading our accounting, treasury, tax, audit, financial planning and management systems functions,” said CEO Carl Trowell. “Jon has already demonstrated a leading role in the financial and strategic management of the company and his prior experience positions him well to take on this new role.”

Supply chain and information services will continue to report to Swent in the near term until a new reporting structure is announced.

Trowell added, “Jay has been a major contributor to Ensco’s growth and achievements for more than a decade. We congratulate Jay on his successful career and wish him well in his retirement.”

Ensco plc (ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. For more than 28 years, the company has focused on operating safely and going beyond customer expectations. Ensco is ranked first in total customer satisfaction in the latest independent survey by EnergyPoint Research — the fifth consecutive year that Ensco has earned this distinction. Operating one of the newest ultra-deepwater rig fleets and the largest premium jackup fleet, Ensco has a major presence in the most strategic offshore basins across six continents. Ensco plc is an English limited company (England No. 7023598) with its registered office and corporate headquarters located at 6 Chesterfield Gardens, London W1J 5BQ. To learn more, visit our website at www.enscoplc.com.

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