Paragon Offshore plc ("Paragon") (NYSE: PGN) announces that Alejandra Veltmann has joined the company as Vice President – Chief Accounting Officer reporting to Steven A. Manz, Paragon's Senior Vice President and Chief Financial Officer. Ms. Veltmann will be responsible for overseeing corporate accounting and financial reporting.

"We are excited that Alejandra has elected to join Paragon," said Mr. Manz. "Her depth and breadth of experience across the oil service industry will strengthen our finance team, and her leadership will enhance our ongoing commitment to transparent financial reporting and maintaining our cost efficient operations."

Ms. Veltmann's most recent role was Vice President and Chief Accounting Officer at Geokinetics, an independent international land and shallow water geophysical services firm. Prior to this, she founded an international financial consulting practice for clients in the oil and gas services industry. She also held various positions at Grey Wolf Drilling and Precision Drilling and has consulted in the role of Chief Financial Officer for a number of entrepreneurial companies. Ms. Veltmann has worked as a senior manager for KPMG LLP and began her career with Arthur Anderson LLP in 1992. She is a certified public accountant and holds a BBA degree in Accounting from The University of New Mexico.