The Board of Directors of Paragon Offshore has appointed Dean E. Taylor, a member of the Board, to serve as interim president and chief executive officer, effective immediately. Taylor, who has served as a director of the company since its founding in 2014, succeeds Randall D. Stilley, who is no longer a member of the Board or with the company.
Additionally, Lee M. Ahlstrom, the current senior vice president of investor relations, strategy, and planning, has been named by the Board as interim chief financial officer (CFO), succeeding Steven A. Manz, who is also no longer with the company.
“We are fortunate to have a deep bench of talent, and thank [Taylor] and [Ahlstrom] for taking on these important responsibilities,” said J. Robinson West, chairman of the Board, Paragon Offshore. “The Board will work closely with them and our advisers in bringing the company’s ongoing restructuring efforts to a successful conclusion.”
Image: Dean E. Taylor (L) and Lee M. Ahlstrom (R)/Paragon Offshore
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