8-K filed February 18, 2025, 6:59 PM ET ticker RIG CIK 0001451505

leadership confidence high sentiment neutral materiality 0.65

Transocean CEO Jeremy Thigpen to step down in Q2 2025; Keelan Adamson named successor

Transocean Ltd.

Keelan Adamson, current President and COO, to become President and CEO after transition ending Q2 2025.
Jeremy Thigpen to remain CEO until transition, then expected to become Executive Chair, subject to shareholder approval.
Chad Deaton, current Chair, to transition to Lead Independent Director if shareholder approves.
Keelan Adamson has been with Transocean since 1995, holding roles in ops, HR, and rig management.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jeremy Thigpen

Chief Executive Officer

RIG · Transocean Ltd.

Successor: Keelan Adamson
Filed: February 18, 2025, 6:59 PM ET

Mr. Adamson will succeed Jeremy Thigpen, who has led Transocean as Chief Executive Officer since 2015.

Appointed

Jeremy Thigpen

Executive Chair of the Board of Directors

RIG · Transocean Ltd.

Filed: February 18, 2025, 6:59 PM ET

subject to shareholder approval at the Company’s 2025 annual general meeting, Mr. Thigpen is expected to be appointed as Executive Chair of the Board of Directors

Role change

Chad Deaton

Lead Independent Director

RIG · Transocean Ltd.

Successor: Jeremy Thigpen
Filed: February 18, 2025, 6:59 PM ET

Mr. Chad Deaton, Transocean’s current Chair of the Board, will transition to Lead Independent Director.

Role change

Keelan Adamson

President and Chief Executive Officer

RIG · Transocean Ltd.

Filed: February 18, 2025, 6:59 PM ET

Keelan Adamson, the Company’s President and Chief Operating Officer, will become President and Chief Executive Officer following a transition period, which is expected to conclude during the second quarter of 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeremy Thigpen departed as Chief Executive Officer at Transocean Ltd..

Action: will be succeeded
Role: Chief Executive Officer

Exact text from the filing

Mr. Adamson will succeed Jeremy Thigpen, who has led Transocean as Chief Executive Officer since 2015.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.7

Jeremy Thigpen was appointed as Executive Chair of the Board of Directors at Transocean Ltd..

Action: is expected to be appointed
Role: Executive Chair of the Board of Directors

Exact text from the filing

subject to shareholder approval at the Company’s 2025 annual general meeting, Mr. Thigpen is expected to be appointed as Executive Chair of the Board of Directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Chad Deaton changed role as Lead Independent Director at Transocean Ltd..

Action: will transition to
Role: Lead Independent Director

Exact text from the filing

Mr. Chad Deaton, Transocean’s current Chair of the Board, will transition to Lead Independent Director.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: will become
Role: President and Chief Executive Officer

Exact text from the filing

Keelan Adamson, the Company’s President and Chief Operating Officer, will become President and Chief Executive Officer following a transition period, which is expected to conclude during the second quarter of 2025.

View on SEC.gov

Transocean Ltd. filing history →

Source: SEC EDGAR

accession 0001451505-25-000015

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