Transocean Files 8K - Changes Executive Management

Transocean Ltd. (RIG) filed a Form 8K - Changes in Company Executive Management - with the U.S Securities and Exchange Commission on April 16, 2015.

Certain Officers; Compensatory Arrangements of Certain Officers.

(c) On April 15, 2015, Ian C. Strachan entered into an employment agreement (the "Agreement") with Transocean Ltd. (the "Company"), pursuant to which Mr. Strachan will continue to be employed as the Company's Interim Chief Executive Officer. Pursuant to the terms of the Agreement, Mr. Strachan will receive a gross monthly base salary of $235,000. Mr. Strachan will not participate in the Company's Performance Award and Cash Bonus Plan or the Company's Long-Term Incentive Plans and and he will not be eligible to receive expatriate allowances. The Agreement specifies that the compensation Mr. Strachan receives in his capacity as current Chairman of the Company's Board of Directors shall not be impacted by the compensation he will receive as Interim Chief Executive Officer.

The foregoing description of the Agreement is not complete and is qualified by reference to the complete Agreement, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1451505/000145150515000049/strachan_8-kxcover.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1451505/000145150515000049/0001451505-15-000049-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.

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