Message #6 From:
Stock News Bot Date: October 18, 2006 09:25:00 AM
RIG News Transocean Inc. Announces Management Appointments
HOUSTON--(BUSINESS WIRE)--Transocean Inc. (NYSE:RIG) today announced several appointments within
the company’s senior management team with each
appointment effective immediately.
Jean P. Cahuzac has been named President of Transocean Inc. Mr. Cahuzac,
who previously served as Executive Vice President and Chief Operating
Officer of the company, will report to Robert L. Long, who will continue
to serve as Chief Executive Officer of Transocean Inc. and as a Director
of the company. Mr. Cahuzac joined a predecessor company of Transocean
in 1979 and has held various international technical and senior
management positions in the oil and gas industry over the past 27 years.
He holds a degree from Ecole des Mines Saint Etienne and the French
Petroleum Institute.
Steven L. Newman has been named Executive Vice President and Chief
Operating Officer of Transocean Inc. Mr. Newman previously served as
Senior Vice President of Human Resources and Information Process
Solutions. He joined the company in 1994 in the Corporate Planning
Department and has served as Vice President of Performance and
Technology and in several regional and division operations roles. Mr.
Newman holds a Bachelor of Science degree in Petroleum Engineering from
the Colorado School of Mines and earned an MBA from the Harvard
University Graduate School of Business.
David J. Mullen has been named Senior Vice President of Marketing and
Planning for Transocean Inc. Mr. Mullen previously served as Vice
President of the company’s North and South
America Unit. Mr. Mullen has 25 years of experience in the oil and gas
field including 22 years with Schlumberger Ltd. He originally joined
Transocean in 2001 as Vice President of Human Resources before rejoining
Schlumberger in 2002 as President of Schlumberger Oilfield Services for
North and South America. He holds a degree in Geology from Trinity
College in Dublin, Ireland, and a master’s
degree in Geophysics from the College of Galway, Ireland.
Finally, Robert (Rob) J. Saltiel has been named Senior Vice President of
the company’s North and South America Unit.
Mr. Saltiel, who joined the company in 2003, previously held the
position of Senior Vice President of Marketing and Planning. Prior to
joining Transocean, he served as Vice President of Corporate Marketing
for Nabors Industries and began his career as a process engineer for
ExxonMobil. He later joined McKinsey & Company as a consultant to energy
clients in the upstream, downstream and oil services segments. Mr.
Saltiel holds a Bachelor’s degree in Chemical
Engineering from Princeton University and an MBA from the Kellogg School
of Management at Northwestern University.
Transocean Inc. is the world's largest offshore drilling contractor with
a fleet of 82 mobile offshore drilling units. The company's mobile
offshore drilling fleet, consisting of a large number of
high-specification deepwater and harsh environment drilling units, is
considered one of the most modern and versatile in the world due to its
emphasis on technically demanding segments of the offshore drilling
business. The company’s fleet consists of 33
High-Specification Floaters (semisubmersibles and drillships), 20 Other
Floaters, 25 Jackups and other assets utilized in the support of
offshore drilling activities worldwide. With a current equity market
capitalization in excess of $20 billion, Transocean Inc.’s
ordinary shares are traded on the New York Stock Exchange under the
symbol "RIG."
