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Transocean Announces Upcoming Leadership Transition

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Transocean Announces Upcoming Leadership Transition

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An update from Transocean ( (RIG) ) is now available.

On February 18, 2025, Transocean Ltd. announced a leadership transition as part of its multi-year succession plan. Keelan Adamson, currently President and Chief Operating Officer, will become President and CEO, succeeding Jeremy Thigpen by the second quarter of 2025. This change is expected to support Transocean’s continued industry leadership and operational success, with Thigpen transitioning to Executive Chair of the Board, subject to shareholder approval.

More about Transocean

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells, focusing on deepwater and harsh environment drilling services. It operates the highest specification floating offshore drilling fleet globally, with a fleet of 34 mobile offshore drilling units, including 26 ultra-deepwater floaters and eight harsh environment floaters.

YTD Price Performance: -10.63%

Average Trading Volume: 23,523,314

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $3.09B

Find detailed analytics on RIG stock on TipRanks’ Stock Analysis page.

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