Borr Drilling Limited (BORR) shares were rising 21.13% to trade at $2.58 in pre-market at last check. Borr Drilling stock gained 1.43% to close Tuesday’s session at $2.13. The stock volume remained 0.46 million shares, which was lower than the average daily volume of 0.53 million shares within the past 50 days.

The company shares have fallen by -5.75% over the last 12 months, and they have moved up by 0.95% in the past week. Over the past three months, the stock has gained 5.45%, while over the past six months, it has added 50.72%. Further, the company has a current market of $291.41 million and its outstanding shares stood at 136.81 million. BORR stock is surging after some changes to its board.

Why BORR have made changes to its board?

Borr Drilling works as a seaward penetrating worker for hire to the oil and gas industry around the world. BORR claims, contracts, and works lift rigs for activities in shallow-water regions, including the arrangement of related hardware and work teams to lead oil and gas boring and workover tasks for investigation and creation.

BORR serves oil and gas investigation and creation organizations, for example, coordinated oil organizations, state-possessed public oil organizations, and free oil and gas organizations. As of December 31, 2020, it worked an armada of 24 lift penetrating apparatuses. The organization was previously known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016.

Borr Drilling (BORR) today reported the retirement of Ms Georgina Sousa as a Director and Company Secretary.

• BORR said thanks to Ms. Sousa for her extraordinary commitment to the Company, filling in as Director and Company Secretary of the Company since February 2019 and in her vocation in various organization secretary and chief jobs in the Shipping and Offshore industry.
• BORR likewise welcomed Ms. Mi Hong Yoon who has been named to the Board of the Company on March 1, 2022, and will succeed Ms. Sousa as Company Secretary.
• Yoon moved on from the University of New South Wales with a Bachelor of Law (LLB) and the LLM in International Economic Law from the Chinese University of Hong Kong.
• Yoon is an Australian resident and an occupant of Bermuda.

What makes the incoming member suitable for the company?

Preceding joining the board at Borr Drilling, Ms. Yoon was utilized by Digicel Bermuda as Chief Legal, Regulatory and Compliance Officer from March 2019 until February 2022. She likewise filled in as Senior Legal Counsel of Telstra Corporation Limited’s worldwide activities in Hong Kong and London from 2009 to 2019.