Olivier Le Peuch has been named the new chief executive officer (CEO) of Schlumberger and a member of its board, effective 1 August.
Le Peuch succeeds Paal Kibsgaard, who will retire as CEO, step down as chairman of the board, and retire as a member of the board, effective the same date.
In his 32 years with Schlumberger, 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.
“Olivier possesses the company’s values, an in-depth knowledge of our business, and a proven industry track record—all together, he is ideally suited to lead Schlumberger into the next chapter of our history,” said Kibsgaard.
I would like to thank Paal for his leadership and contributions to the company, along with his guidance during the succession process,” said Le Peuch.
Commenting on the CEO succession, Currie said, “The board joins me in thanking Paal for his more than 22 years of service to Schlumberger.
Papa added, “The board welcomes Olivier as chief executive officer and is highly confident that Schlumberger will continue to grow and prosper under his leadership.”