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Diamond Offshore Names Marc Edwards President & CEO, A 30-Year Veteran Of The Oil & Gas Industry

HOUSTON, Feb. 12, 2014 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today appointed Marc Edwards as President and Chief Executive Officer and as a member of the Board of Directors, effective March 3, 2014.  Mr. Edwards succeeds Lawrence Dickerson, who announced his intent to retire in September 2013 after almost 30 years of continuous service to the Company.

(Logo: http://photos.prnewswire.com/prnh/20130725/NY53104LOGO-b)

"We are very pleased to have a proven leader with Marc's experience taking the helm at Diamond Offshore," said James S. Tisch, Chairman of the Diamond Offshore Board of Directors.  "Marc's broad experience during his 30 year career at Halliburton will be invaluable for continuing Diamond Offshore's operational excellence and charting the Company's future strategic course."

"I am honored by the opportunity to lead Diamond Offshore," said Mr. Edwards. "Diamond has an unparalleled history of value creation and superior service.  I look forward to working with Diamond's leadership team, employees and customers worldwide to expand on Diamond's proud legacy."

Prior to joining Diamond Offshore, Mr. Edwards spent almost his entire career at Halliburton Company, one of the world's largest and most diversified oil field services companies. Starting as a field engineer in Kuwait in 1984, his career took him across the globe with progressively greater management responsibilities; as a member of Halliburton's Executive Committee, he most recently served as Senior Vice President, responsible for the Completion and Production Division, the largest of Halliburton's two Divisions. 

ABOUT DIAMOND OFFSHORE

Diamond Offshore is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 45 offshore drilling rigs, including five rigs under construction.  Diamond Offshore's fleet consists of 33 semisubmersibles, two of which are under construction, five dynamically positioned drillships, three of which are under construction, and seven jack-ups. Additional information about the Company and access to the Company's SEC filings are available at www.diamondoffshore.com. Diamond Offshore is owned 50.4% by Loews Corporation (NYSE: L).

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