Larry Dickerson, a 30-year veteran who has been chief executive of marine drilling contractor Diamond Offshore for more than a decade intends to step down early next year.

According to the driller, Dickerson will stay on as chief executive “until his successor joins the company”, which is expected to be by 31 March next year.

“I have had the pleasure of knowing and working with Larry for the past 25 years,” said James Tisch, chairman of Diamond Offshore.

“Diamond