Transocean Announces Management Change

By Newsroom America Feeds at 25 Jan 2012

Transocean Ltd.. has added a news release to its Investor Relations website.

Title: Transocean Announces Management Change

Date(s): January 25, 2012 5:00 PM

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On January 25, 2012, Robert S. Shaw notified Transocean Ltd. of his resignation as Vice President, Controller and Principal Accounting Officer to pursue other opportunities. Mr. Shaw will remain with the Company for a period of time sufficient to ensure a smooth transition of responsibilities. Mr. Shaws departure is not related to any disagreements with the Companys accounting, financial reporting or internal control over financial reporting. Effective immediately, Gregory L. Cauthen, Interim Chief Financial Officer, will assume the responsibilities of Controller and Principal Accounting Officer pending identification of Mr. Shaws replacement.

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