Schlumberger Limited has a new Chief Executive Officer. The Paris-based company’s board of directors appointed Olivier Le Peuch as CEO and member of the board effective Aug. 1, 2019.
He will replace Paal Kibsgaard who will retire on the same date. Kibsgaard is stepping down after 22 years with the company including eight years as CEO and four as Chairman.
Effective the same date, Mark G. Papa, a current non-independent director, will become non-executive Chairman of the Board. Peter Currie will continue to serve as the Board’s Lead Independent Director.In his 32 years with the Company, Mr. Le Peuch has held a variety of global management positions, including Executive Vice President, Reservoir & Infrastructure; President of the Cameron product lines; President of Schlumberger Completions; and Vice President of Engineering, Manufacturing and Sustaining. Earlier in his career, Le Peuch was GeoMarket Manager for the North Sea and President of Software Integrated Solutions.
Schlumberger employs nearly 100,000 people worldwide including those at operations in Oklahoma.