Transocean likely to tap former NOV CEO as chairman

HOUSTON — Offshore drilling contractor Transocean Ltd. said this week it will likely choose former National Oilwell Varco CEO Pete Miller to become its next board chairman.

Miller served as CEO of the oilfield equipment provider until last year, when he retired and became the executive chairman of NOW Inc., a publicly-traded spinoff of National Oilwell Varco ‘s distribution business.

Transocean will hold a meeting of its shareholders Sept. 22, the company announced, where it will recommend shareholders elect Miller to the board.

The company said current board chairman Ian Strachan will likely retire before the end of his term next year. Transocean will likely recommend to shareholders that they elect Miller as chairman at a 2015 meeting, the company said.

Miller is also a director of Chesapeake Energy Corp. He’s previously served as president of Anadarko Drilling Co.

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About The Author

Ryan Holeywell covers energy for the Houston Chronicle. He previously wrote about transportation and municipal finance for Governing magazine, which is read by state and local government officials nationwide. Holeywell’s previous work has been published by the Washington Post and USA Today, and he has appeared on CNN and public radio to discuss his articles. Holeywell, a Houston native, graduated from George Washington University in Washington, D.C.