Transocean Ltd. (NYSE: RIG) (SIX: RIGN) has appointed Jeremy D. Thigpen as president and CEO, effective April 22. Thigpen succeeds Ian C. Strachan, who has been serving as interim CEO. As previously announced, Strachan, who is also the company's chairman of the board of directors, will retire from the board at the end of his term at the 2015 Annual General Meeting, following 16 years of service.
Prior to joining Transocean, Thigpen spent his career in various roles at National Oilwell Varco (NOV) and has served since 2012 as NOV's senior vice president and CFO. Additionally, he was president of NOV's Downhole and Pumping Solutions business from 2007 until 2012, and, from 2003 to 2007, served as president of NOV's Downhole Tools group.
Thigpen joined National-Oilwell Inc. in 1997 and, before being named president of downhole tools, served in various management and business development capacities, including director of business development and special assistant to the chairman.
Thigpen earned a Bachelor of Arts degree in economics and managerial studies from Rice University, and completed the Program for Management Development at Harvard Business School.