Aged 52, United States of America
Independent Non-Executive Director/ Chairperson of Risk Management Committee/ Member of Audit Committee
DATE OF APPOINTMENT:
1 July 2015
Steven Leon Newman
was with Transocean Ltd. (“Transocean”) between 1994 to 2015 in various capacities, and in various jurisdictions around the globe, including Switzerland, the United States of America, Europe, Indonesia and Brazil.
He was the President and Chief Executive Officer of Transocean from 2010, until his resignation in February 2015. Transocean is a leading global contractor in offshore drilling services with a fleet of approximately 60 rigs, serving all aspects of offshore drilling around the world. Transocean is headquartered in Switzerland, and listed on the New York Stock Exchange, with a market capitalisation of USD5.9 billion. Steven Newman brings with him more than 20 years of corporate experience in strategy development, crisis management, organisational turn-around, leadership team formation, mergers & acquisitions, capital markets transactions and board renewal and development. Prior to joining Transocean, between 1992 and 1994, Steven Newman was a financial analyst with Chevron, based in California. He also served with Mobil E&P, USA, based in Colorado, as a reservoir engineer.
Steven Newman has no family relationship with any Director and/or major shareholder of the Company and he has no conflict of interest with the Company. He has not been convicted of any offence within the past 5 years nor been imposed any penalty by the relevant regulatory bodies during the financial year.