Oslo, 6 November 2025 – The Board of Directors of Prosafe has appointed Reese McNeel as the company’s permanent Chief Executive Officer (CEO).

McNeel will continue to perform his Chief Financial Officer (CFO) duties until a successor is appointed.

With more than 20 years of leadership experience in the offshore energy industry and publicly listed companies, McNeel previously held executive and CEO positions at Atlantica Tender Drilling Ltd. and Sevan Marine ASA. He has served as Prosafe’s CFO since August 2022 and has been acting as interim CEO since September 2025.

Carey Lowe, Chairman of Prosafe, said:

“We are pleased to appoint Reese as permanent CEO. Since assuming the interim role, Reese has already demonstrated decisive leadership and, with the support of the Board, initiated a significant transformation of the company. He is leading efforts to enhance cost efficiency, strengthen operational performance, and build a solid backlog, positioning Prosafe for long-term success and value creation for shareholders.”

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange under the ticker code PRS.