Transocean Senior VP to Resign

Lars Sjöbring, Senior Vice President and General Counsel at Transocean Ltd. (RIG), will be leaving the company, Transocean announced today.

Sjöbring has agreed to aid in the search for a replacement, but will resign no later than December 31, 2015, Transocean said.

"Lars has done an outstanding job guiding Transocean through the extensive litigation following the Macondo Well incident, and was instrumental in securing the related settlements with BP and the Plaintiff's Steering Committee announced earlier this year," said Jeremy Thigpen, Transocean's President and Chief Executive Officer. "On behalf of Transocean, I thank Lars for his service, and wish him great success in his future endeavors."

Prior to beginning this role in March 2014, Sjöbring served as the Vice President Legal Affairs, General Counsel and Secretary of Autoliv, Inc. from September 2007 to February 2014. Sjöbring served as Senior Legal Counsel and, subsequently, as Director, Legal, Mergers and Acquisitions for Nokia Corporation from September 2003 to September 2007. He also served as Foreign Legal Counsel for Skadden, Arps, Slate, Meagher & Flom LLP from September 2000 to June 2003. 

Sjöbring received his Master of Laws degrees from Lund University in Sweden in 1994 and from University of Amsterdam in Netherlands in 1995, and he received a Master of Corporate Law degree from Fordham University School of Law in New York in 2003.