Transocean Ltd. Appoints Jeremy D. Thigpen President & CEO
April 21 2015 - 6:26PM
ZUG, SWITZERLAND-April 21, 2015-Transocean Ltd.
(NYSE: RIG) (SIX: RIGN) today announced that Jeremy D. Thigpen has
been named President and Chief Executive Officer effective April
22, 2015. Mr. Thigpen succeeds Ian C. Strachan, Interim CEO. As
previously announced, Mr. Strachan, who is also the company's
Chairman of the Board of Directors, will retire from the Board at
the end of his term at the 2015 Annual General Meeting following
approximately 16 years of service.
Prior to joining Transocean, Mr. Thigpen spent his career in
various roles at National Oilwell Varco ("NOV") and has served
since 2012 as NOV's Senior Vice President and Chief Financial
Officer. Additionally, he was President of NOV's Downhole and
Pumping Solutions business from 2007 until 2012, and from 2003 to
2007 served as President of NOV's Downhole Tools group. Mr. Thigpen
joined National-Oilwell, Inc. in 1997 and, before being named
President of Downhole Tools, served in various management and
business development capacities, including Director of Business
Development and Special Assistant to the Chairman. Mr. Thigpen
earned a Bachelor of Arts, Economics and Managerial Studies from
Rice University and completed the Program for Management
Development at Harvard Business School.
"Jeremy is an exceptionally talented and proven executive who
brings to Transocean considerable experience and a unique
perspective on the industry," said Mr. Strachan. "As evidenced by
the unanimous support of the Board, Jeremy is the right person at
the right time for Transocean. He has a strong record of value
creation and fully embraces our business philosophy, including our
commitment to safety and operational excellence; respect for our
employees, customers and suppliers; honesty and integrity; and
financial discipline. We are extremely fortunate to have Jeremy
join us in the Chief Executive role."
Mr. Thigpen said, "I am truly humbled, honored and excited to have
been selected to lead one of the most respected franchises in the
industry. I look forward to collaborating with the management team,
employees, and customers to reinforce and continue to enhance
Transocean's premier position among offshore drillers."
About Transocean
Transocean is a leading international provider of offshore contract
drilling services for oil and gas wells. The company specializes in
technically demanding sectors of the global offshore drilling
business with a particular focus on deepwater and harsh environment
drilling services, and believes that it operates one of the most
versatile offshore drilling fleets in the world.
Transocean owns or has partial ownership interests in, and operates
a fleet of, 65 mobile offshore drilling units consisting of 41
high-specification floaters (ultra-deepwater, deepwater and
harsh-environment drilling rigs), 14 midwater floaters and 10
high-specification jackups. In addition, the company has seven
ultra-deepwater drillships and five high-specification jackups
under construction.
For more information about Transocean, please visit:
www.deepwater.com.
Analyst Contacts:
Thad Vayda
+1 713-232-7551
Diane Vento
+1 713-232-8015
Media Contact:
Pam Easton
+1 713-232-7647
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Transocean Ltd via Globenewswire
HUG#1913251
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