Memorex Corporation News

Ensco plc announced that EVP & CFO Jay Swent will retire after more than 11 years of service. Swent will continue to serve in his current role until the succession process has been completed and a new CFO has been named. The completion of the succession process may extend into the first half of next year. Swent joined Ensco in July 2003 and was appointed Executive Vice President and Chief Financial Officer in July 2012. Prior to his current position, Swent served as Senior Vice President – Chief Financial Officer.

James "Jay" W. Swent has been named by ENSCO’s Board of Directors to serve as Senior Vice President and Chief Financial Officer, effective immediately. Swent previously held various financial executive positions at Memorex Corporation and Nortel Networks, and served as Chief Financial Officer and Chief Executive Officer of both Cyrix Corporation and American Pad and Paper Corporation. He is a graduate of the University of California at Berkeley, where he received a B.S. in Finance and a Masters Degree in Business Administration. Carl F. Thorne, Chairman and Chief Executive Officer of ENSCO, said "We are pleased that Jay is joining our management team, and look forward to his contribution.