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

  • 18 September 2014

    Keithville Well Drilling to deploy new Schramm rig to Haynesville

    Keithville Well Drilling, a Louisiana-based drilling company, has purchased and accepted delivery of the Schramm T250XD, a land-based rig designed for shale drilling...

  • 18 September 2014

    Wild Well launches Singapore-based capping stack

    Wild Well Control, a Superior Energy Services company, has unveiled its new subsea capping stack, located in Singapore. It is part of Wild Well’s comprehensive emergency...

  • 15 September 2014

    US Treasury announces expanded sanctions with Russian companies

    US Treasury Secretary Jacob J. Lew has announced that persons operating within Russia’s defense and related materiel sector may now be subject to targeted sanctions…

  • 11 September 2014

    Cameron elects Scott Rowe as President and COO

    Scott Rowe will assume the newly created position of President and COO of Cameron, effective 1 October 2014. In his new role, he will report directly to Jack Moore, Chairman and CEO of the company...

  • 11 September 2014

    Statoil, GE and Ferus Natural Gas Fuels expand flare gas solution in Bakken

    A joint venture of GE and Ferus Natural Gas Fuels (Ferus NGF), along with Statoil plan to expand a pilot project to capture flare gas and use it to power up to six...

  • Read more news