Transocean has appointed NOV’s chief financial officer as its next chief executive.
The company said Jeremy Thigpen would take up the role, replacing Ian Strachan who had been filling the position in an interim capacity.
Mr Strachan, will also retire as the chairman of the board of directors at the end of his term at the 2015 annual general meeting.
Prior to his role with Transocean, Mr Thigpen has worked in a number of roles with NOV including as chief financial officer.
He said:”I am truly humbled, honored and excited to have been selected to lead one of the most respected franchises in the industry. I look forward to collaborating with the management team, employees, and customers to reinforce and continue to enhance Transocean’s premier position among offshore drillers.”
Ian Strachan described his successor as an “exceptionally talented” and proven executive.
He said:”As evidenced by the unanimous support of the Board, Jeremy is the right person at the right time for Transocean.
“He has a strong record of value creation and fully embraces our business philosophy, including our commitment to safety and operational excellence; respect for our employees, customers and suppliers; honesty and integrity; and financial discipline. We are extremely fortunate to have Jeremy join us in the Chief Executive role.”
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