As part of the ongoing succession planning efforts of Transocean Ltd., on February 11, 2022, Keelan Adamson was promoted to President and Chief Operating Officer of the Company. The Company's Chief Executive Officer, Jeremy Thigpen, will continue in his capacity as Chief Executive Officer and a member of the Company's Board of Directors. Prior to Mr. Adamson's promotion, he served as the Company's Executive Vice President and Chief Operations Officer from August 2018 to February 2022.

Mr. Adamson previously served as the Company's Senior Vice President, Operations from October 2017 to July 2018, and as Senior Vice President, Operations Integrity and HSE, from June 2015 to October 2017. As part of his responsibilities during this period, Mr. Adamson oversaw the Company's Technical Services team from May 2016 to October 2017.