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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Schlumberger NV    SLB   AN8068571086

SCHLUMBERGER NV

(SLB)
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Schlumberger Elevates Le Peuch to CEO as Kibsgaard to Retire -- Update

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07/19/2019 | 10:25am EDT

By Colin Kellaher

Schlumberger on Friday said Paal Kibsgaard will retire as chairman and chief executive, effective Aug. 1.

The Houston oilfield-services company said Olivier Le Peuch, currently chief operating officer, will succeed Mr. Kibsgaard as chief executive and join the board on that date.

Schlumberger said Mark Papa, one of the pioneers of the U.S. shale boom who joined the board as a non-independent director in October, will become non-executive chairman, while Peter Currie will continue to serve as lead independent director.

Mr. Papa, the former chief executive of shale-industry bellwether EOG Resources, is currently chairman and chief executive of smaller independent shale company Centennial Resource Development.

Mr. Le Peuch, who has spent 32 years with Schlumberger, was named chief operating officer in February, a move seen as a signal that he was in line to succeed Mr. Kibsgaard at the helm.

Both Mr. Kibsgaard and his predecessor, Andrew Gould, each served as chief operating officer for just over a year before moving into the top post.

Mr. Kibsgaard, who joined Schlumberger in 1997, has been chief executive since August 2011 and chairman since April 2015. He is also retiring from the board, the company said.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CENTENNIAL RESOURCE DEVELOPMENT INC 8.64% 4.65 Delayed Quote.-57.80%
EOG RESOURCES INC. 2.49% 77.81 Delayed Quote.-10.78%
SCHLUMBERGER NV 4.22% 34.1 Delayed Quote.-5.49%
SCHLUMBERGER NV 5.84% 30.8 Real-time Quote.-6.10%
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Financials (USD)
Sales 2019 33 355 M
EBIT 2019 3 051 M
Net income 2019 2 079 M
Debt 2019 13 621 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 -
EV / Sales2019 1,98x
EV / Sales2020 1,82x
Capitalization 52 267 M
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Last Close Price 34,13  $
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Managers
NameTitle
Paal Kibsgaard Chairman & Chief Executive Officer
Simon Ayat Chief Financial Officer & Executive Vice President
Ashok Belani Executive Vice President-Technology
Justin Rounce Senior Vice President-Marketing & Technology
Michael E. Marks Independent Director
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