Ian Strachan, Transocean’s chairman, will also serve the company in the role of interim chief executive until a replacement is found.
“Steven Newman and the board of directors have mutually agreed that he will step down as president and chief executive effective 16 February,” Transocean said.
“As chief executive, Steven has capably guided Transocean over the last five years, demonstrating outstanding leadership through what was unquestionably the most challenging period in its history,” said Strachan.
Newman’s
