Switzerland: Transocean Announces Management Changes

Transocean Ltd. announced today the following management appointments, effective immediately.

Ricardo H. Rosa has been named Executive Vice President and Chief Financial Officer. Prior to being named to his current position, Mr. Rosa served as Senior Vice President and CFO.

Arnaud A.Y. Bobillier has been named Executive Vice President, Operations Integrity, responsible for driving continuous improvement companywide. Before being named to his current position, Mr. Bobillier served as Executive Vice President, Asset and Performance.

Ihab Toma has been named Executive Vice President, Operations, responsible for global business and asset and performance. He has assumed the function of principal operating officer of the company. Before being named to his current position, Mr. Toma served as Executive Vice President, Global Business.

Steven L. Newman (President and Chief Executive Officer), Ihab Toma, Ricardo H. Rosa, and Nick Deeming (Senior Vice President, General Counsel and Assistant Corporate Secretary) serve as Executive Officers and members of Executive Management of the company.

Source: Transocean, August 18, 2011;

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