Paal Kibsgaard

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Paal Kibsgaard
BornApril 1967 (age 57)
Ålesund, Norway
Education Norwegian Institute of Technology
OccupationBusinessman
Known forformer Chairman and CEO, Schlumberger
TitleCEO, Katerra
Predecessor Andrew Gould
Successor Olivier Le Peuch
SpouseFadila Kibsgaard
Children2

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.

Contents

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

In 2004, he married Fadila Kibsgaard, who is a medical doctor from Algeria. [3] [14] They had twin girls in 2008. [14]

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References

  1. ↑ "SCHLUMBERGER N.V." Companies House. Retrieved 25 July 2015.
  2. 1 2 "Paal Kibsgaard, Chairman and Chief Executive Officer Schlumberger Limited". Schlumberger. Archived from the original on 19 November 2012. Retrieved 18 May 2015.
  3. 1 2 "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. ↑ "Olivier le Peuch".
  7. ↑ "Schluñberger rebounding after cutting 70,000 jobs". 6 March 2018.
  8. ↑ "Outgoing Schlumberger CEO Kibsgaard lands $6 million consulting deal". www.worldoil.com. 19 July 2019. Retrieved 7 June 2022.
  9. ↑ "Schlumberger Ltd. Chief Executive Officer Paal Kibsgaard received $20.8 million in reported pay for 2017". Bloomberg News . 2 March 2018.
  10. ↑ "Schlumberger appoints Olivier Le Peuch as company's new CEO - HoustonChronicle.com". www.chron.com. 19 July 2019.
  11. ↑ "Construction Startup Katerra Attracts Former Oil-Industry CEO - wsj.com". www.wsj.com. 6 August 2019.
  12. 1 2 "Katerra Appoints Paal Kibsgaard as New CEO". www.architectmagazine.com. 27 May 2020. Retrieved 7 June 2022.
  13. ↑ "Construction Startup Katerra Lays off 400+ Employees Paal Kibsgaard stepped in as CEO last month". propmodo. 1 July 2020. Retrieved 12 August 2020.
  14. 1 2 admin (21 May 2019). "The Soirée Saga". LCAHouston. Retrieved 1 November 2024.
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