Paal Kibsgaard

Paal Kibsgaard
Born April 1967 (age 51)
Ålesund, Norway
Citizenship Norwegian
Alma mater Norwegian Institute of Technology
Occupation Chairman and CEO, Schlumberger
Salary US$18,518,374 (total compensation, 2014)[1]
Predecessor Andrew Gould
Spouse(s) married
Children yes

Paal Kibsgaard (born April 1967) is a Norwegian petroleum engineer and businessman; the chairman and CEO of Schlumberger, the world's largest oilfield services company.

Early life

He was born in Ålesund, Norway in April 1967.[2]

Education

He qualified as a petroleum engineer with a master’s degree from the Norwegian Institute of Technology in 1991.[3][4]

Career

Kibsgaard started his career with ExxonMobil in 1992, and joined Schlumberger in 1997.[3] Kibsgaard has been the CEO since 1 August 2011,[1] succeeding Andrew Gould, who retired as chairman and CEO.[5] He has been chairman since April 2015,[3] succeeding Tony Isaac.[5]

Under his leadership, the company laid off approximately 70,000 employees in less than three years.[6]

In 2017, Kibsgaard received $20.8 million in reported pay, which was a 12 percent increase from the previous year.[7]

Personal life

He is married, with children.[4]

References

  1. 1 2 "Executive Profile: Paal Kibsgaard". Bloomberg. Retrieved 18 May 2015.
  2. ↑ "SCHLUMBERGER N.V." Companies House. Retrieved 25 July 2015.
  3. 1 2 3 "Paal Kibsgaard, Chairman and Chief Executive Officer Schlumberger Limited". Schlumberger. Retrieved 18 May 2015.
  4. 1 2 "TWA Interview" (PDF). SPE. Retrieved 18 May 2015.
  5. 1 2 "Schlumberger Announces Management Succession Paal Kibsgaard to become CEO". Rogtec. 21 July 2011. Retrieved 19 May 2015.
  6. ↑ "Schluñberger rebounding after cutting 70,000 jobs". 6 March 2018.
  7. ↑ "Schlumberger Ltd. Chief Executive Officer Paal Kibsgaard received $20.8 million in reported pay for 2017". 2 March 2018.
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