Borr Drilling Management

Management criteria checks 1/4

Borr Drilling's CEO is Patrick Arnold Schorn, appointed in Sep 2020, has a tenure of 4.08 years. directly owns 0.44% of the company’s shares, worth NOK64.68M. The average tenure of the management team and the board of directors is 3.2 years and 2.6 years respectively.

Key information

Patrick Arnold Schorn

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	4.1yrs
CEO ownership	0.4%
Management average tenure	3.2yrs
Board average tenure	2.6yrs

Recent management updates

Recent updates

CEO

Patrick Arnold Schorn (55 yo)

4.1yrs

Tenure

Mr. Patrick Arnold Henk Schorn serves as Chief Executive officer at Borr Drilling Limited since September 8, 2020 and is its Director since October 16, 2023 and also was its Director since January 10, 2018...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrick Arnold Schorn	CEO & Director	4.1yrs	no data	0.44% $ 64.7m
Magnus Vaaler	Chief Financial Officer	3.8yrs	no data	0.030% $ 4.4m
Tor Troim	Founder & Chairman of the Board	8.2yrs	no data	2.65% $ 390.9m
Andreas Lie	VP of Treasury & IR	no data	no data	no data
Bruno Morand	Chief Commercial Officer	1.3yrs	no data	no data
Mi Yoon	Company Secretary & Director	2.6yrs	no data	no data

3.2yrs

Average Tenure

54.5yo

Average Age

Experienced Management: BORRO's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrick Arnold Schorn	CEO & Director	less than a year	no data	0.44% $ 64.7m
Tor Troim	Founder & Chairman of the Board	8.2yrs	no data	2.65% $ 390.9m
Mi Yoon	Company Secretary & Director	2.6yrs	no data	no data
A. Blankenship	Independent Director	5.7yrs	no data	0.090% $ 13.2m
Daniel Rabun	Director	1.5yrs	no data	no data
Jeffrey Currie	Independent Director	less than a year	no data	no data
Neil Glass	Independent Director	4.8yrs	no data	0.066% $ 9.7m

2.6yrs

Average Tenure

59yo

Average Age

Experienced Board: BORRO's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

Borr Drilling Management

Management criteria checks 1/4

Key information

Recent management updates

Borr Drilling Limited Announces Board Appointments

Less than half of directors are independent

Less than half of directors are independent

Founder & Chairman of the Board recently bought kr5.1m worth of stock

Independent Director recently bought kr667k worth of stock

Borr Drilling Limited, Annual General Meeting, Sep 30, 2022

Recent updates

Borr Drilling Approves Delisting of Common Shares from the Oslo Stock Exchange

Borr Drilling Limited to Report Q3, 2024 Results on Nov 06, 2024

Borr Drilling Limited Approves Cash Distribution for the Second Quarter of 2024, Payable on or About 6 September 2024

Borr Drilling Limited Provides Unaudited Earnings Guidance for the Three Months Ended June 30, 2024

Borr Drilling Limited to Report Q2, 2024 Results on Aug 14, 2024

Borr Drilling Limited(NYSE:BORR) dropped from Russell 2500 Growth Index

Borr Drilling Limited Approves Cash Dividend for the First Quarter of 2024, Payable on or About 17 June, 2024

Borr Drilling Limited Approves Cash Dividend for the First Quarter of 2024, Payable on or About 17 June, 2024

Borr Drilling Limited Receives A Notice of Temporary Suspension of Operation for Its Rig

Full year 2023 earnings released: EPS: US$0.09 (vs US$1.64 loss in FY 2022)

Borr Drilling Limited to Report Fiscal Year 2023 Final Results on Mar 27, 2024

Borr Drilling Limited(OB:BORR) dropped from Oslo OBX Total Return Index

Full year 2023 earnings released: EPS: US$0.09 (vs US$1.64 loss in FY 2022)

New major risk - Financial position

Borr Drilling Limited Approves Cash Dividend for the Fourth Quarter of 2023, Payable on or About 18 March, 2024

Forecast breakeven date pushed back to 2024

New minor risk - Share price stability

Borr Drilling Limited Approves Cash Distribution for the Third Quarter of 2023

Forecast breakeven date moved forward to 2023

Borr Drilling Limited (OB:BORR) announces an Equity Buyback for $100 million worth of its shares.

Borr Drilling Limited to Report Q1, 2024 Results on May 31, 2024

Forecast breakeven date pushed back to 2024

Third quarter 2023 earnings released: EPS: US$0.001 (vs US$0.30 loss in 3Q 2022)

Borr Drilling Limited Proposes Quarterly Dividend

Borr Drilling Limited Proposes Quarterly Dividend

Borr Drilling Limited announced that it has received $49.99979 million in funding

Borr Drilling Limited Announces Board Appointments

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$0.003 (vs US$1.09 loss in 2Q 2022)

Less than half of directors are independent

First quarter 2023 earnings released: US$0.032 loss per share (vs US$0.35 loss in 1Q 2022)

Less than half of directors are independent

Full year 2022 earnings released: US$1.64 loss per share (vs US$1.43 loss in FY 2021)

Full year 2022 earnings released: US$1.64 loss per share (vs US$1.43 loss in FY 2021)

Borr Drilling Limited Revises Its Earnings Guidance for the Fourth Quarter and Full Year 2022

Borr Drilling Limited to Report Q1, 2023 Results on May 31, 2023

Founder & Chairman of the Board recently bought kr5.1m worth of stock

Forecast to breakeven in 2023

Third quarter 2022 earnings released: US$0.36 loss per share (vs US$0.24 loss in 3Q 2021)

Borr Drilling Limited Provides Revenue Guidance for the Fourth Quarter of 2022

Independent Director recently bought kr667k worth of stock

Forecast to breakeven in 2023

Borr Drilling Limited has completed a Follow-on Equity Offering in the amount of $249.999998 million.

Borr Drilling Limited, Annual General Meeting, Sep 30, 2022

Second quarter 2022 earnings released: US$1.09 loss per share (vs US$0.44 loss in 2Q 2021)

Forecast to breakeven in 2023

Borr Drilling Limited has completed a Follow-on Equity Offering in the amount of $249.999998 million.

Borr Drilling Limited Reports Impairment of Assets for the Second Quarter Ended June 30, 2022

Borr Drilling Limited to Report Q2, 2022 Results on Aug 09, 2022

Borr Drilling Limited Announcement of LoI for Jack-Up Drilling Rig

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age