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Seadrill Ltd (NYSE:SDRL) announced changes to the annual base salaries of several senior executives, effective September 15, 2025. The adjustments were approved by the company’s Joint Nomination and Remuneration Committee on August 27.
According to a press release statement based on the company’s SEC filing, the following base salaries have been set:
- Grant Creed, Executive Vice President and Chief Financial Officer: $465,000
- Samir Ali, Executive Vice President, Chief Commercial Officer: $440,000
- Torsten Sauer-Petersen, Executive Vice President, Chief Technology & Sustainability Officer: $440,000
- Todd Strickler, Senior Vice President and General Counsel: $425,000
The company noted that the increase in Mr. Sauer-Petersen’s base salary is related in part to his change in responsibilities as Executive Vice President, Chief Technology & Sustainability Officer, effective August 27.
Seadrill also stated that there are no arrangements or understandings between Mr. Sauer-Petersen and any other persons regarding his selection as an executive officer. The company confirmed there are no family relationships between Mr. Sauer-Petersen and any director or executive officer, and no transactions requiring disclosure under SEC regulations.
Seadrill Ltd is listed on the New York Stock Exchange under the ticker SDRL. All information is based on a press release statement and the company’s recent SEC filing.
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