PRS Prosafe

Prosafe SE: Reese McNeel appointed as CEO in Prosafe SE

Prosafe SE: Reese McNeel appointed as CEO in Prosafe SE

Oslo, 6 November 2025 - The Board of Directors of Prosafe has appointed Reese McNeel as permanent chief executive officer (CEO) of Prosafe.

Reese will continue to perform the CFO duties until a successor is appointed.

Reese has more than 20 years of leadership experience from the offshore energy industry and publicly listed companies, including executive management and CEO level tenure at Atlantica Tender Drilling Ltd. and Sevan Marine ASA. He has already demonstrated his strong leadership and dedication to Prosafe as interim CEO since September 2025 and Chief Financial Officer since August 2022.

Carey Lowe, Chairman of Prosafe, says: " We are pleased to appoint Reese as permanent CEO.  Since assuming the interim role, Reese has already demonstrated decisive leadership and, with the support of the Board, initiated a significant transformation of the company.  He is leading efforts to enhance cost efficiency, strengthen operational performance, and build a solid backlog, positioning Prosafe for long-term success and value creation for shareholders.”

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to

Prosafe SE

For further information, please contact:

Carey Lowe, chair of the Board



This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the continuing obligations for issuers listed on Euronext Oslo Børs.



 



Attachment



EN
06/11/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Prosafe

 PRESS RELEASE

Prosafe SE: Operational update – February 2026

Prosafe SE: Operational update – February 2026 23 March 2026 - Fleet utilisation for February 2026 was 96%.   In Brazil, Safe Eurus, Safe Notos, and Safe Zephyrus continued to operate at full capacity in January, delivering near 100 % commercial uptime. In early-March, Safe Zephyrus and Safe Notos both commenced scheduled special periodic surveys (SPS), upgrade and maintenance work.  Safe Boreas continued to receive full day rate, awaiting commencement of the 15-month firm period upon gangway connection, which is delayed and expected now during the second quarter.   Safe Caledonia had 7...

 PRESS RELEASE

Prosafe SE: Grants of Restricted Stock Units

Prosafe SE: Grants of Restricted Stock Units Oslo, Norway, 16 March 2026 Prosafe SE announces the award of Restricted Share Units ("RSUs") and notification of awards of RSUs to primary insiders. The board of directors in the Company resolved, on 28 September 2025, to establish a long-term incentive program for the Company's senior executives and key personnel based on the granting of restricted stock units to the participants. The Annual General Meeting held on 21 May 2025 resolved to issue restricted, share based compensation to board members. The Board has therefore resolved to include ...

 PRESS RELEASE

Prosafe SE: Shareholding disclosure

Prosafe SE: Shareholding disclosure 03 March 2026 following the sale of shares, Burlington Loan Management DAC owns in total 35,253,797 shares in the Company, representing 10% of the total 352,537,966 outstanding shares and votes in the Company, thereby crossing the 10% disclosure threshold in the Norwegian Securities Trading Act Section 4.2. The previous filing was made on 13th November 2025, when Burlington Loan Management DAC owned 52,880,695 shares in the Company, representing approximately 15% of the total 352,537,966 outstanding shares and votes in the Company.  This information is s...

 PRESS RELEASE

Prosafe SE: Fourth-quarter results 2025

Prosafe SE: Fourth-quarter results 2025 This release contains forward-looking statements based on current assumptions and forecasts made by the Group. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the Group and the estimates given here. (Figures in brackets refer to the corresponding period last year1) 26 February 2026 – Prosafe SE reported EBITDA of USD 21.1 million (USD 8.4 million) for the fourth quarter of 2025. All the company’s five vessels gene...

 PRESS RELEASE

Prosafe SE: Operational update – January 2026

Prosafe SE: Operational update – January 2026 24 February 2026 - Fleet utilisation for January 2026 was 100%.   In Brazil, Safe Eurus, Safe Notos, and Safe Zephyrus continued to operate at full capacity in January, delivering near 100 % commercial uptime.  Safe Caledonia maintained 100% commercial uptime at the Captain Field in the UK. The vessel ended the contract for Ithaca Energy on 22 February 2026 following the exercise of all option periods. The vessel has a Letter of Intent (LoI) from Ithaca Energy for 6 months firm and 3 months of options from the second quarter of 2027.   Safe ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch