Paal Kibsgaard

Paal Kibsgaard (born April 1967) is a Norwegian petroleum engineer and businessman; the former chairman and CEO of Schlumberger, the world's largest oilfield services company.

Paal Kibsgaard
BornApril 1967 (age 53)
Ålesund, Norway
CitizenshipNorwegian
EducationNorwegian Institute of Technology
OccupationBusinessman
Known forformer Chairman and CEO, Schlumberger
TitleCEO, Katerra
PredecessorAndrew Gould
SuccessorOlivier Le Peuch
Spouse(s)Married
ChildrenYes

Early life

He was born in Ålesund, Norway in April 1967.[1]

Education

He qualified as a petroleum engineer with a master's degree from the Norwegian Institute of Technology in 1991.[2][3]

Career

Kibsgaard started his career with ExxonMobil in 1992, and joined Schlumberger in 1997.[2] Kibsgaard has been the CEO since 1 August 2011,[4] succeeding Andrew Gould, who retired as chairman and CEO.[5] He has been chairman since April 2015,[2] succeeding Tony Isaac.[5]

Under his leadership, the company laid off approximately 70,000 employees in less than three years.[6]

In 2017, Kibsgaard received $20.8 million in reported pay, which was a 12 percent increase from the previous year.[7]

Kibsgaard retired from Schlumberger on 1 August 2019, and was succeeded as CEO by Olivier Le Peuch, and as chairman by Mark G. Papa.[8]

In 2019, Kibsgaard was hired by Katerra as its COO.[9] In June 2020, He became the CEO, succeeding Michael Marks.[10]

Personal life

He is married, with children.[3]

References
  1. "SCHLUMBERGER N.V." Companies House. Retrieved 25 July 2015.
  2. "Paal Kibsgaard, Chairman and Chief Executive Officer Schlumberger Limited". Schlumberger. Archived from the original on 14 December 2012. Retrieved 18 May 2015.
  3. "TWA Interview" (PDF). SPE. Archived from the original (PDF) on 24 September 2015. Retrieved 18 May 2015.
  4. "Executive Profile: Paal Kibsgaard". Bloomberg. Retrieved 18 May 2015.
  5. "Schlumberger Announces Management Succession Paal Kibsgaard to become CEO". Rogtec. 21 July 2011. Retrieved 19 May 2015.
  6. "Schluñberger rebounding after cutting 70,000 jobs". 6 March 2018.
  7. "Schlumberger Ltd. Chief Executive Officer Paal Kibsgaard received $20.8 million in reported pay for 2017". 2 March 2018.
  8. "Schlumberger appoints Olivier Le Peuch as company's new CEO - HoustonChronicle.com". www.chron.com. 19 July 2019.
  9. "Construction Startup Katerra Attracts Former Oil-Industry CEO - wsj.com". www.wsj.com. 6 August 2019.
  10. "Construction Startup Katerra Lays off 400+ Employees Paal Kibsgaard stepped in as CEO last month". propmodo. 1 July 2020. Retrieved 12 August 2020.
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