Transocean Ltd. Announces CEO Succession Plan

Core Viewpoint - Transocean Ltd. is implementing key leadership changes as part of its multi-year succession planning strategy, with Keelan Adamson set to become the new President and CEO, succeeding Jeremy Thigpen, who has led the company since 2015 [1][2][3] Leadership Transition - Keelan Adamson will transition to the role of President and CEO by the second quarter of 2025, following a transition period [1] - Jeremy Thigpen will remain as CEO until Adamson's appointment and will then serve as Executive Chair of the Board, pending shareholder approval [2] - Chad Deaton will transition from Chair of the Board to Lead Independent Director [2] Executive Background - Keelan Adamson has been with Transocean for three decades, holding various positions including President and COO since February 2022, and has extensive experience in operations and management [3] - Adamson's previous roles include Executive Vice President and Chief Operations Officer, Senior Vice President of Operations, and Vice President of Human Resources [3] Company Positioning - Transocean is recognized as a leading international provider of offshore contract drilling services, specializing in deepwater and harsh environment drilling [5] - The company operates the highest specification floating offshore drilling fleet globally, with a total of 34 mobile offshore drilling units, including 26 ultra-deepwater floaters and eight harsh environment floaters [6]