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Noble CEO replaces retiring chairman


Published : Mon, 30 Apr 2007 22:32
By : Agencies
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SUGAR LAND, Texas (AP) - Noble Corp., which provides drilling services for the oil and gas industry, said Monday that President and Chief Executive Mark A. Jackson has replaced James C. Day as chairman.

Day served as CEO through October 2006, when the company named Jackson, 51, as his replacement. Day previously announced he would retire from the board in April.

Jackson was named a director in 2006. He will retain his current positions of president and CEO.

Noble shares dropped $2.98, or 3.4 percent, to $84.21 on the New York Stock Exchange. During the past 52 weeks, the stock has traded between $58.51 and $88.19.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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