Diamond Offshore CEO to Step Down

Diamond Offshore CEO to Step Down

Longtime president and CEO Lawrence Dickerson has decided to retire from contract deepwater driller Diamond Offshore Drilling by early next year, the company announced today. A successor to Dickerson is expected to be named by March 31, 2014.

Commenting on his decision to retire after more than three decades with the company, Dickerson said in a statement, "Our achievements reflect the contributions of a great many men and women, and I believe that after 34 years at Diamond and 15 as President, it is time to pass the reins to a new generation."

Dickerson will remain in his post as president and CEO until a successor is found, Diamond Offshore said, to assist with the transition. The company has secured the services of an executive recruiting firm to help in its search for a new leader.

Diamond Offshore services the energy industry, utilizing its fleet of 30 semisubmersible rigs, seven jack-ups, and one drillship. Additionally, Diamond Offshore is currently constructing four ultra-deep drillships and two deepwater submersibles.


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