Dolphin Drilling has reshaped its top management following the resignation of chief executive officer Jon Oliver Bryce. The company has appointed Michael Boyd, until now its chief commercial officer, as the new CEO with immediate effect.

According to Dolphin Drilling, Boyd brings long experience in the offshore drilling industry and has played a key role in developing the company’s commercial strategy in recent years. The strategy he has helped shape is intended to cut uncertainty and provide durable value over the long term for customers, employees and shareholders.

In his new role, Boyd will work in tandem with the chief operating officer and chief financial officer. Together, the three will form the company’s main executive leadership group.

Dolphin Drilling said the strengthened leadership set-up is meant to create a more agile and focused organisation, giving the business a well-defined direction and strong oversight of both operations and finances.

Chairman Ronny Bjørnådal thanked outgoing CEO Jon Oliver Bryce for his service to Dolphin Drilling and wished him success in the next stage of his career. He added that the board is pleased to name Michael Boyd as CEO, noting his sector experience and clear strategic focus as key qualities for leading Dolphin Drilling through its next phase.