Paal_Kibsgaard

Paal Kibsgaard

Paal Kibsgaard

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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.

Quick Facts Born, Education ...

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] He became its CEO in August 2011,[4] succeeding Andrew Gould, who retired as chairman and CEO.[5] He was replaced by Olivier Le Peuch in August 2019.[6] Under his leadership, the company laid off approximately 70,000 employees in less than three years.[7] He continued to receive $2 million annual salary from the company for unspecified services and for agreeing not to work for a rival company.[8]

In 2017, Kibsgaard received $20.8 million in reported pay, which was a 12 percent increase from the previous year.[9]

Kibsgaard retired from Schlumberger in August 2019, and was succeeded as CEO by Olivier Le Peuch, and as chairman by Mark G. Papa.[10]

In 2019, Kibsgaard was hired by Katerra as its COO.[11] He had been serving the company as a board of director since 2016.[12] In June 2020, He became the CEO, succeeding Michael Marks.[13] It was reported that his appointment came with several hundred million in new financing, which Katerra secured from SoftBank Vision Fund.[12]

Personal life

He is married, with children.[3]

References

  1. [1]
    "SCHLUMBERGER N.V." Companies House. Retrieved 25 July 2015.
  2. [2]
    "Paal Kibsgaard, Chairman and Chief Executive Officer Schlumberger Limited". Schlumberger. Archived from the original on 19 November 2012. Retrieved 18 May 2015.
  3. [3]
    "TWA Interview" (PDF). SPE. Archived from the original (PDF) on 24 September 2015. Retrieved 18 May 2015.
  4. [4]
    "Executive Profile: Paal Kibsgaard". Bloomberg. Retrieved 18 May 2015.
  5. [5]
    "Schlumberger Announces Management Succession Paal Kibsgaard to become CEO". Rogtec. 21 July 2011. Retrieved 19 May 2015.
  6. [6]
    "Olivier le Peuch".
  7. [7]
    "Schluñberger rebounding after cutting 70,000 jobs". 6 March 2018.
  8. [8]
    "Outgoing Schlumberger CEO Kibsgaard lands $6 million consulting deal". www.worldoil.com. 19 July 2019. Retrieved 7 June 2022.
  9. [9]
    "Schlumberger Ltd. Chief Executive Officer Paal Kibsgaard received $20.8 million in reported pay for 2017". Bloomberg News. 2 March 2018.
  10. [10]
    "Schlumberger appoints Olivier Le Peuch as company's new CEO - HoustonChronicle.com". www.chron.com. 19 July 2019.
  11. [11]
    "Construction Startup Katerra Attracts Former Oil-Industry CEO - wsj.com". www.wsj.com. 6 August 2019.
  12. [12]
    "Katerra Appoints Paal Kibsgaard as New CEO". www.architectmagazine.com. 27 May 2020. Retrieved 7 June 2022.
  13. [13]
    "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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