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Thomas Burke is a seasoned executive who served as the President and CEO of Valaris Limited, one of the largest offshore drilling companies in the world. He took on this role after the significant Rowan transaction, bringing crucial experience from...

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Thomas Burke

Ex-CEO of Valaris

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

December 31, 1968 - 56 years ago

CEO of Valaris for

0 years 9 months (Nov 2020 - Sep 2021)

Previous Experience

Former Executive Vice President and Chief Operating Officer of Valaris plc

Holdings

See how much did Thomas Burke make over time.

Thomas Burke once held substantial stock in Valaris Limited, with his wealth in company holdings peaking at approximately $44.5 million in August 2023. His financial commitment to Valaris reflects a vote of confidence in the company's direction, post Rowan merger....

Mar 18, 2025

Insider Trading

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VAL

115,047 shares

VAL

Jul 19, 2021

Received

Compensation History

See how much did Thomas Burke make over time.

In 2021, Thomas Burke's total compensation from Valaris Limited hit approximately $18.5 million. This figure came from various elements, including a base salary of around $707,898, while the bulk of his earnings was from vested stock units valued at nearly $10.9 million after he stepped down as CEO. Furthermore, Burke received significant severance benefits due to his prior employment agreements, reflecting the company's acknowledgment of his contributions during a tumultuous period in the oil and gas industry. His compensation package was structured to retain talent and motivate executives during challenging times, emphasizing performance metrics related to safety and operational efficiency. Notably, despite a lack of performance bonuses in 2021 due to his departure, his overall package still captured the essence of aligning executive interests with shareholders' value.

Year

2021

Total Compensation

$15.65M

Salary

$707.90K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate executives while aligning their interests with those of shareholders, focusing on performance-based incentives.

Bonus

$0.00

Board Justification

No bonus was awarded in 2021 as he stepped down from his position on September 2, 2021.

Other

$4.05M

Board Justification

This includes cash severance payments totaling $3,639,128, a pro-rated second half 2021 bonus of $277,473, subsidized COBRA premiums, and reimbursement of legal fees.

Restricted Stock

$10.90M(115.05K RSU)

Board Justification

115,047 RSUs were granted in 2021, which vested upon separation from the Company on September 2, 2021.

Performance Metrics

Performance metrics include personal safety, process safety, downtime reduction, backlog addition, and EBITDAR.

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