Archer Limited announced the appointment of Dag Skindlo as the company's new Chief Financial Officer and Executive Vice President Strategy, effective May 1, 2016. Mr. Skindlo will replace Christoph Bausch, who has been the Executive Vice President and CFO in Archer since May 2011. Mr. Bausch decided to leave the company in order to pursue other interests.

Mr. Skindlo is a business-oriented executive with 24 years in the Oil and Gas industry. Dag comes from his role as CEO for Aquamarine Subsea. Dag brings with him extensive international experience including working for more than twelve years in countries like the US, Indonesia, Scotland, and China.