Transocean (RIG) Chairman and former CEO Michael Talbert says he plans to step down in the next...

|About: Transocean Ltd. (RIG)|By:, SA News Editor

Transocean (RIG) Chairman and former CEO Michael Talbert says he plans to step down in the next year, days before a fierce proxy fight with Carl Icahn comes to a head. Icahn has opposed Talbert's re-election, and has been calling for major changes to the company's board ahead of the May 17 annual meeting.