CATEGORIZED | News

Diamond Offshore CEO to retire after more than 30 years of service

Posted on 25 September 2013

Larry Dickerson, Diamond Offshore Drilling president and CEO, was a keynote speaker at the 2013 IADC HSE & Training Conference. He announced his retirement but will remain CEO until his successor joins the company.

Larry Dickerson, Diamond Offshore Drilling president and CEO, was a keynote speaker at the 2013 IADC HSE & Training Conference. He announced his retirement but will remain CEO until his successor joins the company.

Larry Dickerson, president and CEO of Diamond Offshore Drilling, will retire after more than 30 years of service, the company announced this week. “I have been privileged to lead this great company,” Mr Dickerson said. “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. I am especially proud of our safety achievements in recent years. I look forward to working with my colleagues, the board and our customers during this transition.”

Mr Dickerson will remain CEO until his successor joins the company, which is expected to take place by 31 March 2014. He served during 2003 as IADC chairman, 2002 as vice chairman and 2001 as secretary-treasurer. In 2009, he was awarded IADC Contractor of the Year. Click to view video.

“I have had the pleasure of knowing and working with Larry for the past 25 years,” James Tisch, chairman of the board of Diamond Offshore, said. “Diamond Offshore has achieved operational excellence and substantially modernized its fleet with Larry at the helm. Under his leadership, Diamond has created tremendous value for shareholders, including paying total dividends of more than $5 billion—over $36 per share—to shareholders since 2006.”

Russell Reynolds Associates has been retained by the board of directors of Diamond to assist in a search for a new CEO.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 26 January 2015

    Young professionals program at SPE/IADC Drilling Conference to target future leaders of the industry

    The oil and gas industry is constantly looking to the future. Whether this comes in the form of pushing the limits of pressure and temperature, new and innovative technology...

  • 22 January 2015

    Tullow Oil moves ahead with exploration, appraisal drilling onshore Kenya

    Tullow Oil has announced updates on several onshore projects in Kenya, including the Expir-1 exploration, Engomo-1 exploration, the Ngamia and Amosing...

  • 22 January 2015

    Petrobras reduces operating costs, time with new pre-salt subsea equipment deployment technique

    At the end of last year, Petrobras deployed its first wet Christmas tree using cables in the pre-salt area. The main change involved was the use of a subsea equipment...

  • 22 January 2015

    XACT, BP complete first deepwater deployment of SandSentry Acoustic Telemetry Network in Gulf of Mexico

    XACT Downhole Telemetry, in conjunction with BP, recently completed the first operational field trial of the SandSentry Acoustic Telemetry Network in the deepwater Gulf of Mexico...

  • 21 January 2015

    University of Houston to lead subsea engineering research center

    The University of Houston (UH) will lead a national research center for subsea engineering and other offshore energy development issues, including research and technology…

  • Read more news