Subsea 7: Chief Financial Officer Leaves, Replaced By Ricardo Rosa

Date : 07/05/2012 @ 2:41AM
Source : Dow Jones News
Stock : Transocean Ltd (Switzerland) (RIG)
Quote : 8.51  -0.24 (-2.74%) @ 5:00PM

Subsea 7: Chief Financial Officer Leaves, Replaced By Ricardo Rosa

Transocean (NYSE:RIG)
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   By Dominic Chopping 
 

Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Thursday that Chief Financial Officer Simon Crowe is leaving to pursue other interests from the end of July and will be succeeded by Ricardo Rosa from July 09.

 
   MAIN FACTS: 

-Ricardo Rosa was until recently Executive Vice President and CFO of Transocean Ltd (RIG) where he had previously held general management roles as Senior Vice President for both the Europe & Africa and Asia Pacific regions.

-Prior to joining Transocean, Ricardo was employed by Schlumberger Ltd (SLB) and, during a 16-year international career, held various financial positions of increasing responsibility.

-Shares closed Wednesday at NOK125, valuing the company at NOK43.97 billion.

-Write to Dominic Chopping at dominic.chopping@dowjones.com

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