| Paal Kibsgaard | |
| Birth Place: | Ålesund, Norway |
| Education: | Norwegian Institute of Technology |
| Occupation: | Businessman |
| CEO, Katerra | |
| Predecessor: | Andrew Gould |
| Successor: | Olivier Le Peuch |
| Known For: | former Chairman and CEO, Schlumberger |
| Spouse: | Fadila Kibsgaard |
| Children: | 2 |
Paal Kibsgaard (born April 1967) is a Norwegian petroleum engineer and businessman; the former chairman and CEO of Schlumberger, the world's largest oilfield services company.
He was born in Ålesund, Norway in April 1967.[1]
He qualified as a petroleum engineer with a master's degree from the Norwegian Institute of Technology in 1991.[2] [3]
Kibsgaard started his career with ExxonMobil in 1992, and joined Schlumberger in 1997. He became its CEO in August 2011,[4] succeeding Andrew Gould, who retired as chairman and CEO.[5] He was replaced by Olivier Le Peuch in August 2019.[6] Under his leadership, the company laid off approximately 70,000 employees in less than three years.[7] He continued to receive $2 million annual salary from the company for unspecified services and for agreeing not to work for a rival company.[8]
In 2017, Kibsgaard received $20.8 million in reported pay, which was a 12 percent increase from the previous year.[9]
Kibsgaard retired from Schlumberger in August 2019, and was succeeded as CEO by Olivier Le Peuch, and as chairman by Mark G. Papa.[10]
In 2019, Kibsgaard was hired by Katerra as its COO.[11] He had been serving the company as a board of director since 2016.[12] In June 2020, He became the CEO, succeeding Michael Marks.[13] It was reported that his appointment came with several hundred million in new financing, which Katerra secured from SoftBank Vision Fund.
In 2004, he married Fadila Kibsgaard, who is a medical doctor from Algeria.[14] They had twin girls in 2008.