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Paal Kibsgaard
Norwegian petroleum engineer and businessman From Wikipedia, the free encyclopedia
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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.
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Early life
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
In 2004, he married Fadila Kibsgaard, who is a medical doctor from Algeria.[3][14] They had twin girls in 2008.[14]
References
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