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 | |
|---|---|
| Born | April 1967 (age 56–57) Ålesund, Norway |
| Education | Norwegian Institute of Technology |
| Occupation | Businessman |
| Known for | former Chairman and CEO, Schlumberger |
| Title | CEO, Katerra |
| Predecessor | Andrew Gould |
| Successor | Olivier Le Peuch |
| Spouse | Married |
| Children | Yes |
Early life edit
Education edit
He qualified as a petroleum engineer with a master's degree from the Norwegian Institute of Technology in 1991.[2][3]
Career edit
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 edit
He is married, with children.[3]
References edit
- ^ "SCHLUMBERGER N.V." Companies House. Retrieved 25 July 2015.
- ^ a b "Paal Kibsgaard, Chairman and Chief Executive Officer Schlumberger Limited". Schlumberger. Archived from the original on 19 November 2012. Retrieved 18 May 2015.
- ^ a b "TWA Interview" (PDF). SPE. Archived from the original (PDF) on 24 September 2015. Retrieved 18 May 2015.
- ^ "Executive Profile: Paal Kibsgaard". Bloomberg. Retrieved 18 May 2015.
- ^ "Schlumberger Announces Management Succession Paal Kibsgaard to become CEO". Rogtec. 21 July 2011. Retrieved 19 May 2015.
- ^ "Olivier le Peuch".
- ^ "Schluñberger rebounding after cutting 70,000 jobs". 6 March 2018.
- ^ "Outgoing Schlumberger CEO Kibsgaard lands $6 million consulting deal". www.worldoil.com. 19 July 2019. Retrieved 7 June 2022.
- ^ "Schlumberger Ltd. Chief Executive Officer Paal Kibsgaard received $20.8 million in reported pay for 2017". Bloomberg News. 2 March 2018.
- ^ "Schlumberger appoints Olivier Le Peuch as company's new CEO - HoustonChronicle.com". www.chron.com. 19 July 2019.
- ^ "Construction Startup Katerra Attracts Former Oil-Industry CEO - wsj.com". www.wsj.com. 6 August 2019.
- ^ a b "Katerra Appoints Paal Kibsgaard as New CEO". www.architectmagazine.com. 27 May 2020. Retrieved 7 June 2022.
- ^ "Construction Startup Katerra Lays off 400+ Employees Paal Kibsgaard stepped in as CEO last month". propmodo. 1 July 2020. Retrieved 12 August 2020.