“I have been privileged to lead this great company,” Mr. Dickerson said in a statement on his company’s website. “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.”
Diamond Offshore plans to have a new CEO in place by the end of March 2014, Mr. Dickerson will remain in place until that time.
Diamond Offshore’s drilling fleet consists of 30 semisubmersibles, seven jack-ups, and one drillship. In addition, the company has four ultra-deepwater drillships and three deepwater semisubmersibles under construction.