Dolphin Drilling Appoints Bryce as Permanent CEO
Portfolio - People | Mar 28, 2025 | EIN
Dolphin Drilling, an offshore drilling contractor based in Norway, has made significant changes to its executive team. Jon Oliver Bryce, who was serving as interim CEO, has been promoted to the position permanently. With over 30 years in the drilling industry, Bryce has held key roles in major firms like Awilco Drilling and Odfjell Drilling, bringing a wealth of experience to his new role. Bryce will focus on capitalizing on market opportunities driven by low supply and rising demand in the drilling rig sector. Additionally, Stephen Cox will step down as CFO, with Ingolf Gillesdal appointed to replace him effective April 2025, ensuring a smooth transition. Gillesdal, with his extensive experience in the rig industry and deep understanding of Dolphin Drilling's operations, is viewed as a valuable asset. Ronny Bjrndal, the newly elected Chairman, emphasized the company's strategy for cost control and financial efficiency while leveraging shareholder backing from Svelland Capital and B.O. Steen Shipping, which now hold significant stakes in the company.
Sectors
- Offshore Drilling
- Corporate Finance
Geography
- Norway – Dolphin Drilling is headquartered in Norway, and the executive changes and company strategy discussed are centered around this geographical location.
- United Kingdom – Jon Oliver Bryce, Dolphin Drilling's newly appointed CEO, is involved in UK-based organizations, pointing to the company's ties with the UK market.
Industry
- Offshore Drilling – The article discusses changes in the executive leadership of Dolphin Drilling, which operates in the offshore drilling sector, highlighting the company's strategies and market outlook.
- Corporate Finance – The article discusses significant investment and financial strategies, including leadership changes in Dolphin Drilling's finance roles.
Financials
- 36% – Svelland Capital's shareholding in Dolphin Drilling.
- 10% – B.O. Steen Shipping's shareholding in Dolphin Drilling.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dolphin Drilling | Target Company | Company | An offshore drilling contractor based in Norway involved in the leadership changes and strategic developments discussed in the article. |
| Jon Oliver Bryce | Permanent CEO | Person | Recently appointed permanent CEO of Dolphin Drilling, tasked with steering the company through a market rebound and potential mergers and acquisitions. |
| Stephen Cox | Outgoing CFO | Person | The outgoing CFO of Dolphin Drilling, who has been commended for his service as he transitions his responsibilities to his successor. |
| Ingolf Gillesdal | Incoming CFO | Person | Set to take over as CFO of Dolphin Drilling in April 2025, bringing extensive industry experience and knowledge of the company. |
| Ronny Bjrndal | Chairman | Person | Newly elected Chairman of the board at Dolphin Drilling, overseeing the company's strategic direction and leadership decisions. |
| Svelland Capital | Investor | Company | One of the major shareholders of Dolphin Drilling at 36%, influencing the company's strategic decisions and future outlook. |
| B.O. Steen Shipping | Investor | Company | An investor holding a 10% stake in Dolphin Drilling, contributing to the company's shareholder backing. |