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Subsea 7 Appoints Ricardo Rosa as CFO

Source: www.gulfoilandgas.com 7/5/2012, Location: Europe

Subsea 7 S.A. announced that its Chief Financial Officer (CFO), Simon Crowe will leave the Group to pursue other interests with effect from the end of July. Simon will be succeeded by Ricardo Rosa who will take up the position of CFO for Subsea 7 SA on 9th July 2012.

Ricardo Rosa was until recently Executive Vice President and CFO of Transocean Ltd where he had previously held general management roles as Senior Vice President for both the Europe & Africa and Asia Pacific regions. Prior to joining Transocean, Ricardo was employed by Schlumberger and, during a 16-year international career, held various financial positions of increasing responsibility. He is a member of the Institute of Chartered Accountants in England and Wales and has a M.A. from Oxford University. Ricardo has dual British and Brazilian citizenship and will be based in London.

Jean Cahuzac, Chief Executive Officer said 'I would like to thank Simon for his valuable contribution; in addition to leading the financial function, he played a key role in the success of the merger process and has been truly instrumental in the development of the group since he joined in late 2009. We wish him every success in the future. We are very pleased to appoint Ricardo who will ensure continuity, as well as bringing further diversity to the Executive Management team in support of the global development of the group going forward'.

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