Ex-Transocean CEO joins Bumi Armada board

Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad, has announced the appointment of Steven Leon Newman as an additional Director of the company, in an Independent and Non-Executive capacity.

Bumi Armada says that Newman’s appointment will take effect from July 1, 2015.

Newman was with Transocean Ltd. between 1994 to 2015 in various capacities, and in various jurisdictions around the globe, including Switzerland, the United States of America, Europe, Indonesia and Brazil. He was the President and Chief Executive Officer of Transocean from 2010, until his resignation in February 2015. Transocean is a global contractor in offshore drilling services with a fleet of over 60 rigs, serving all aspects of offshore drilling around the world.

According to Bumi Armada, Newman brings with him more than 20 years of corporate experience in strategy development, crisis management, organisational turn-around, leadership team formation, mergers & acquisitions, capital markets transactions and board renewal and development. Prior to joining Transocean, between 1992 and 1994, Newman was a Financial Analyst with Chevron, based in California. He also served with Mobil E&P, US, based in Colorado, as a Reservoir Engineer.

Newman holds a Bachelor of Science, Magna Cum Laude, Petroleum Engineering from the Colorado School of Mines, and a Master’s degree in Business Administration from Harvard University, Graduate School of Business Administration.

Tunku Ali Redhauddin, Chairman of Bumi Armada, in welcoming Newman on the Board, said: “Members of the Board will value Mr Newman’s executive experience having been a Chief Executive of a large global organisation, as well as his expertise and insight in the offshore oil and gas industry and strategy development, which will add further strength to the Board.”