Transocean promotes Keelan Adamson to President and COO; base salary $800K

Transocean Ltd.

Keelan Adamson, previously EVP and COO, promoted to President and COO effective Feb 11, 2022.
New employment agreement provides base salary of $800,000 per year.
2022 annual cash bonus target set at 100% of salary under Performance Award and Cash Bonus Plan.
LTIP equity awards: RSUs with $1.4M target cash value, performance units also $1.4M target.
Adamson continues to report to CEO Jeremy Thigpen; part of ongoing succession planning.

item 5.02 item 9.01

Executive movements

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Role change

Keelan Adamson

President and Chief Operating Officer

RIG · Transocean Ltd.

Effective: 2022-02-11
Filed: February 17, 2022, 6:59 PM ET

on February 11, 2022, Keelan Adamson, age 52, was promoted to President and Chief Operating Officer of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Keelan Adamson changed role as President and Chief Operating Officer at Transocean Ltd..

Action: promoted
Role: President and Chief Operating Officer

Exact text from the filing

on February 11, 2022, Keelan Adamson, age 52, was promoted to President and Chief Operating Officer of the Company.

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Transocean Ltd. filing history →

Source: SEC EDGAR

accession 0001451505-22-000004

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