Announcement by Transocean Ltd. Senior Management Team
(Thomson Reuters ONE) -
Transocean Ltd. /
Announcement by Transocean Ltd. Senior Management Team
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ZUG, SWITZERLAND--(Marketwire - April 5, 2011) - Transocean Ltd.'s (NYSE: RIG)
(SIX: RIGN) senior management team, led by Chief Executive Officer Steven
Newman, announced that they are voluntarily donating the safety bonuses that
were awarded to them for 2010 to the Deepwater Horizon Memorial Fund.
"The executive team made this decision because we believe it is the right thing
to do," Newman said. "Nothing is more important to Transocean than our people,
and it was never our intent to diminish the effect the Macondo tragedy has had
on those who lost loved ones," Newman said. "We offer our most sincere apologies
and we regret the impact this matter has had on the entire Transocean family."
The senior executives who will be donating their safety bonuses, in addition to
Steven Newman, include Ricardo H. Rosa, Senior Vice President and Chief
Financial Officer, Arnaud A.Y. Bobillier, Executive Vice President, Asset and
Performance, Eric Brown, Executive Vice President, Legal & Administration, and
Ihab M. Toma, Executive Vice President, Global Business.
The Deepwater Horizon Memorial Fund was established by Transocean shortly after
the tragic Macondo incident for donations by employees and friends to assist the
families of the 11 men lost as a result of the incident. All monies from the
fund are distributed equally to the families of the 11 men lost in the accident.
The non-deductible sum being donated by the senior executive team will exceed
$250,000. More than $1.6 million has been distributed by the Memorial Fund to
date.
Transocean is the world's largest offshore drilling contractor and the leading
provider of drilling management services worldwide. With a fleet of 136 mobile
offshore drilling units as well as one ultra-deepwater newbuild drillship and
three high-specification jackups under construction, Transocean's fleet 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. Transocean
owns or operates a contract drilling fleet of 47 High-Specification Floaters
(Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and
drillships), 25 Midwater Floaters, nine High-Specification Jackups, 52 Standard
Jackups and other assets utilized in the support of offshore drilling activities
worldwide.
For more information about Transocean, please visit our website at
www.deepwater.com.
Analyst Contact:
Gregory S. Panagos
+1 713-232-7551
Media Contact:
Guy A. Cantwell
+1 713-232-7647
--- End of Message ---
Transocean Ltd.
Chemin de Blandonnet 10 Vernier Switzerland
ISIN: CH0048265513;
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Source: Transocean Ltd. via Thomson Reuters ONE
[HUG#1503814]
Unternehmensinformation / Kurzprofil:
Datum: 06.04.2011 - 00:01 Uhr
Sprache: Deutsch
News-ID 53191
Anzahl Zeichen: 3740
contact information:
Town:
Vernier
Kategorie:
Business News
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