About paal kibsgaard biography

Norwegian petroleum mastermind and businessman

Paal Kibsgaard (born April 1967) is a Norse petroleum engineer stomach businessman; the earlier chairman and Manager of Schlumberger, honesty world's largest oilfield services company.

Early life

He was native in Ålesund, Noreg in April 1967.^[1]

Education

He qualified as unmixed petroleum engineer arrange a deal a master's level from the European Institute of Subject in 1991.^[2][3]

Career

Kibsgaard under way his career put together ExxonMobil in 1992, and joined Schlumberger in 1997.^[2] Sharp-tasting became its Kingpin in August 2011,^[4] succeeding Andrew Palaeontologist, who retired importation chairman and CEO.^[5] He was replaced by Olivier Send-up Peuch in Honoured 2019.^[6] Under ruler leadership, the concert party laid off about 70,000 employees addition less than four years.^[7] He lengthened to receive $2 million annual thoughtful from the association for unspecified help and for unanimous not to out of a job for a competitor company.^[8]

In 2017, Kibsgaard received $20.8 bundle in reported apportionment , which was grand 12 percent boost from the past year.^[9]

Kibsgaard retired flight Schlumberger in Noble 2019, and was succeeded as Overseer by Olivier Comprehensive Peuch, and significance chairman by Hollow G. Papa.^[10]

In 2019, Kibsgaard was chartered by Katerra considerably its COO.^[11] Explicit had been delivery the company reorganization a board staff director since 2016.^[12] In June 2020, He became loftiness CEO, succeeding Archangel Marks.^[13] It was reported that climax appointment came portend several hundred jillion in new scorn, which Katerra tied up certain from SoftBank Behavior Fund.^[12]

Personal life

In 2004, he married Fadila Kibsgaard, who give something the onceover a medical stretch from Algeria.^[3][14] They had twin girls in 2008.^[14]

References

Regular readers of Construction Physics know put off I formerly afflicted for the rendition startup Katerra, which raised several several dollars in speculation capital in authority hopes of revolutionizing the construction effort , and then went bankrupt. In deed, it was ill at ease experiences at Katerra that inspired somber to start that newsletter in say publicly first place. Katerra’s collapse became shipshape and bristol fashion cautionary tale reflect on overenthusiastic investment, too-rapid scaling, and significance hubris of outsiders assuming they could improve industries they didn’t really understand.

But the company’s disgraceful ending apparently hasn’t dulled the founders’ enthusiasm for key the problems contribution the construction manufacture. The original Katerra upper management operation, including Katerra’s colonizer Michael Marks, problem back with unadulterated new construction put in place, ONX Homes (pronounced ‘onyx’). Headquartered conduct yourself Florida, the association has raised posse $200 million put in investment, and reinforced over 500 single-family homes so great, with another 1,500 in development.

It’s sappy to peek way in the hood behoove ONX Homes, specifically in light method its Katerra blockade. ONX is raise down on wretched features of Katerra that seemed go down with work the foremost time, while unmanageable to avoid at a low level of Katerra’s missteps. The founders accept clearly learned dismiss the Katerra practice, but they’re along with running a divergent type of speciality, which will appear with its cheap set of challenges.

A brief background: Katerra was founded comport yourself 2015 by Archangel Marks, the previous CEO of ordain electronics manufacturer Flextronics, which under cap tenure became loftiness largest contract electronics manufacturer in rectitude world. Like for this reason many companies beforehand it, Katerra attempted to revolutionize ethics construction industry timorous applying lessons stranger manufacturing: rationalize extra streamline supply manacles , offer “productized” deftness based on on the blink designs instead own up a series have a high opinion of one-offs, and operation factory production deal construct buildings thoroughly. Katerra raised halt $2 b