Transocean Appoints New President, COO

Thursday, October 19, 2006
Transocean Inc. has named Jean P. Cahuzac as president and Steven L. Newman as chief operating officer. Cahuzac, who previously served as executive vice president and chief operating officer of the company, will report to Robert L. Long. Long was president and CEO but will now continue as CEO and as a director of the company. Cahuzac joined a predecessor company of Transocean in 1979 and has held various international technical and senior management positions in the oil and gas industry during the past 27 years. Newman, who previously served as senior vice president of human resources and information process solutions, joined Transocean in 1994. Transocean also appointed David J. Mullen as senior vice president of marketing and planning and Robert "Rob" J. Saltiel as senior vice president of the company's North and South American unit.

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