The major oil service provider Schlumberger has appointed Operational Director Olivier Le Peuch as new CEO. On 1 August he took over from Paal Kibsgaard, who had been the head of the American-French company for eight years.
Le Peuch has been working at Schlumberger for 32 years in various top positions. Sources had already reported that he had a good chance of being appointed chairman of the board. Kibsgaard worked for the company for more than 22 years and is now retiring.
Schlumberger also came with quarterly figures. Turnover remained virtually the same at $8.3 billion compared to a year earlier. Net profit increased by 14 percent to $492 million.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.
