Seadrill replaces CEO Simon Johnson with Samir Ali, effective immediately

Filed March 18, 2026 · Period ending March 12, 2026 · ~1 min read

Key Changes

• high

  Seadrill's Board appointed Samir Ali as President and CEO on March 12, 2026, replacing Simon Johnson with immediate effect. Ali, 40, previously served as Executive VP and Chief Commercial Officer since August 2022.

  Item 5.02 verify on EDGAR →
• medium

  Former CEO Simon Johnson will receive termination without cause severance benefits per his existing employment agreement, with details previously disclosed in the March 25, 2025 proxy statement.

  Item 5.02 verify on EDGAR →
• medium

  New CEO Ali receives $750K base salary, target bonus of 110% ($825K), and $3.5M equity grant split 60% performance-vested and 40% time-vested. Performance units tied to shareholder return are capped at target if absolute return is negative.

  Item 5.02 verify on EDGAR →