Schlumberger Elevates Le Peuch to CEO as Kibsgaard to Retire
19 Juli 2019 - 1:26PM
Dow Jones News
By Colin Kellaher
Schlumberger Ltd. (SLB) on Friday said Paal Kibsgaard will
retire as chairman and chief executive, effective Aug. 1.
The oilfield-services company said Olivier Le Peuch, currently
chief operating officer, will succeed Mr. Kibsgaard as CEO and join
the board on that date.
Schlumberger said Mark Papa, a current non-independent director,
will become non-executive chairman, while Peter Currie will
continue to serve as lead independent director.
Mr. Kibsgaard, who has spent eight years as CEO and four years
as chairman, is also retiring from the board.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 19, 2019 07:11 ET (11:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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