Nick Deeming steps down from Transocean general counsel role
26th October 2012
Nick Deeming has stepped down from his position as general counsel of multinational offshore drilling contractors Transocean with immediate effect, after less than two years in the role.
The move comes as somewhat surprising, given Deeming’s impressive and varied track record of in-house jobs up to this point, with his last role being as the legal head of auctioneers Christie’s, whom he represented for around four years.
The contractors’ reputation has suffered significantly over the last few years, due to a tragic boat sinking in 2007 which killed eight people and the fact that they were the owners and operators of Deepwater Horizon, the infamous rig which exploded in 2010 in the Gulf of Mexico.
Transocean will be able to avoid what could have been a tricky law recruitment process, however, as Deeming will be automatically replaced as general counsel by deputy general counsel and chief compliance officer Michael Munro and senior associate general counsel and global head of dispute resolution David Schwab.