Transocean Ltd. (RIG: Quote) Thursday said Executive Vice President and Chief Financial Officer Ricardo Rosa will step down, effective January 9, 2012. Gregory Cauthen will return to the company in the role of Interim Chief Financial Officer until a permanent replacement is named.
After a transition period, Rosa is expected to retire from Transocean effective April 30, 2012, the company said in the statement. An executive search firm has been retained for the search of successor.
by RTT Staff Writer
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