Valaris CEO, CFO step down. Former Seadrill head named acting CEO President and chief executive officer (CEO) of offshore drilling contractor Valaris will step down from his position effective 2 September 2021. Valaris said that its CEO Tom Burke would also step down from his seat at the board of directors. The company named Anton Dibowitz as the interim president and CEO, effective 3 September 2021. Burke will continue to support Valaris to ensure a smooth leadership transition for the company. He will remain on the board of directors of ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco. The company also announced that Jon Baksht will step down from his position as executive vice president and chief financial officer (CFO) on the same date as Burke.