Schlumberger’s board of directors has appointed Olivier Le Peuch CEO and member of the Schlumberger board, effective 1 August. He succeeds Paal Kibsgaard, who will retire as CEO, effective that same date, and step down as chairman of the board and retire as a member of the board of directors. Kibsgaard will retire after more than 22 years of service to the company, including 8 years as CEO and 4 years as chairman. 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, Le Peuch has held a variety of global management positions, including executive vice president, reservoir and infrastructure; president of the Cameron product lines; president of Schlumberger Completions; and vice president of engineering, manufacturing and sustaining. Earlier in his career, he was geomarket manager for the North Sea and president of Software Integrated Solutions.