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Paragon announces leadership changes

Staff Writer | Houston, Tx., USA | November 11, 2016
Dean E. TaylorNovember 11, 2016, Houston, Tx., USA - Paragon Offshore plc, a provider of offshore drilling rigs, appointed Dean E. Taylor, a director of the company since its founding, to serve as interim president and CEO.
Mr. Taylor has served as a member of Paragon’s Board of Directors and as the chairperson of Paragon’s Nominating and Corporate Governance Committee since its founding in 2014.

Mr. Taylor previously served in a variety of roles at Tidewater Inc. from 1978 through 2012, including Chief Executive Officer and Chairman of the Board.

He also serves on the board of directors of the American Bureau of Shipping and has previously served on the boards of Trican Well Service Ltd. and Whitney Holding Corporation.

Additionally, the Board has named Lee M. Ahlstrom, currently the company’s Senior Vice President of Investor Relations, Strategy, and Planning, as interim Chief Financial Officer.

Mr. Ahlstrom has served as Senior Vice President of Investor Relations, Strategy and Planning of Paragon since its founding in 2014. Mr. Ahlstrom has more than 20 years of experience in the oil and gas industry.

Prior to his role at Paragon, he served as Senior Vice President – Strategic Development and Vice President of Investor Relations and Planning of Noble Corporation.

Prior to joining Noble, Mr. Ahlstrom held various management positions at UNOCAL Corporation and was an Engagement Manager with McKinsey & Company. He began his career with Exxon, where he held a variety of surface and subsurface engineering positions.

He serves on the board of directors for the National Investor Relations Institute (NIRI) and holds NIRI’s Investor Relations Charter (IRC) credential.

Mr. Taylor and Mr. Ahlstrom succeed Randall D. Stilley and Steven A. Manz, who are no longer with the company. In addition, Mr. Stilley is no longer a member of the Paragon Board of Directors.