Archer Limited announced the appointment of Dag Skindlo as the Company's new Chief Executive Officer. Dag Skindlo joined Archer as Chief Financial Officer and EVP Strategy in May 2016. Espen Joranger has accepted the role as CFO.

Mr. Skindlo has worked 28 years in the oil and gas industry. He joined Schlumberger in 1992 where he held various financial and operational positions before he joined the Aker Group of companies in 2005. Before joining Archer in 2016, Dag held the position as CEO for Aquamarine Subsea.

Mr. Joranger joined Archer in May 2013 as Finance Director North Sea Region and currently holds the position as Group Controller. Before joining Archer, he worked for Seadrill as Director of Financial Accounting and 8 years for Ernst & Young. Espen has 10 years experience from the Oil and Gas industry.