Transocean Ltd. Announces Senior Management Changes; CFO to Step Down

Transocean Ltd.

today announced that Ricardo Rosa will step down as Executive Vice President and Chief Financial Officer effective January 9, 2012. After a transition period, Mr. Rosa is expected to retire from Transocean effective April 30, 2012. Steven Newman, President and Chief Executive Officer, said, "On behalf of Transocean I offer my sincere thanks to Ricardo for his many years of service to the company and wish him all the best in his future endeavors." An executive search firm has been retained to aid in the identification of Mr. Rosa's successor.