Offshore services giant Schlumberger has appointed Olivier Le Peuch as its new chief executive officer with effect from August 1.
Le Peuch has 32 years with the company and takes over from Paal Kibsgaard, who is retiring from his role as chairman and CEO after more than 22 years service.
Non-independent director Mark G. Papa will become non-executive chairman of the board.
Commenting on the changes, Kibsgaard said: “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.”