Transocean Ltd. Announces Resignation of General Counsel
ZUG, SWITZERLAND, Oct 23, 2012 (Menafn - MARKETWIRE via COMTEX) --Transocean Ltd. RIG (six:RIGN) today announced that onOctober 23, 2012, Nick Deeming notified Transocean Ltd. of hisresignation as Senior Vice President, General Counsel and AssistantCorporate Secretary for personal reasons. The company expresses itsgratitude to Mr. Deeming for his service.
Effective immediately, Mr. Deeming's responsibilities as GeneralCounsel will be assumed by Michael F. Munro, Vice President, DeputyGeneral Counsel and Chief Compliance Officer, and David Schwab,Senior Associate General Counsel, Global Head of Dispute Resolution.Messrs. Munro and Schwab will report to Steven L. Newman, Presidentand Chief Executive Officer.
Mr. Munro joined Transocean in 2008 as Associate General Counsel andChief Compliance Officer. He was named Vice President in February2010 and Deputy General Counsel in May 2012. Before joiningTransocean, Mr. Munro held legal and compliance positions at BakerHughes, Inc. and Bristow Inc. From 1989-2006, he held variouspositions with The Dow Chemical Company including Corporate TreasuryCounsel, Managing Counsel International Trade and Deputy Director,Global Ethics and Compliance. Mr. Munro earned his bachelor's degreeat the University of Michigan, Ann Arbor, and a joint Juris Doctorateand Masters of Business Administration from the University of NotreDame.
Mr. Schwab joined Transocean in 2010 as Associate General Counselresponsible for the company's legal affairs in North and SouthAmerica. In June 2011, he was appointed Global Head of DisputeResolution, responsible for all of Transocean's material litigation,and in April 2012 he became Senior Associate General Counsel. Priorto joining Transocean Mr. Schwab was with Air Liquide for 10 years,most recently as General Counsel of the company's global engineeringbusinesses. Before joining Air Liquide, Mr. Schwab was with the lawfirm of Bracewell & Patterson, L.L.P. Mr. Schwab earned hisbachelor's degrees in public policy studies and political science atDuke University and his Juris Doctorate from Southern MethodistUniversity School of Law.
Transocean is a leading international provider of offshore contractdrilling services for oil and gas wells. The company specializes intechnically demanding sectors of the global offshore drillingbusiness with a particular focus on deepwater and harsh environmentdrilling services, and believes that it operates one of the mostversatile offshore drilling fleets in the world.
Transocean owns or has partial ownership interests in, and operates afleet of 115 mobile offshore drilling units consisting of 48High-Specification Floaters (Ultra-Deepwater, Deepwater andHarsh-Environment drilling rigs), 25 Midwater Floaters, nineHigh-Specification Jackups, 32 Standard Jackups and one swamp barge.Included in the 115 drilling units, the company has 32 StandardJackups and one swamp barge classified as discontinued operations. Inaddition, we have six Ultra-Deepwater Drillships and threeHigh-Specification Jackups under construction.
For more information about Transocean, please visit our website atwww.deepwater.com.
SOURCE: Transocean Ltd.
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