Billionaire investor John Fredriksen has stepped down as Chairman of offshore drilling contractor Seadrill. He will be replaced by Glen Ole Rødland, who is currently chairman of offshore flotel provider Prosafe, as well as of Aqualis Braemar.
John Fredriksen, who is currently at #129 place on Forbes billionaires list with the current net worth of $11.4B, said: “I have been actively involved with Seadrill during the 14 years since its inception. While I have now decided to spend less time on board seats, my close involvement and strong support of Seadrill will remain unchanged. I will continue to push for business optimization, strategic initiatives such as the recent joint ventures with Sonangol and GDI, and consolidation in the sector.”
Brazil Energy Insight 
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