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8-K - FORM 8-K - SCHLUMBERGER LIMITED/NV | h83501e8vk.htm |
Exhibit 99
Schlumberger Announces Management Succession
PARIS, July 21, 2011 The Board of Directors of Schlumberger Limited [NYSE:SLB] announced
today that Andrew Gould, Chairman and Chief Executive Officer of Schlumberger Limited will retire
as Chief Executive Officer effective August 1st 2011. Mr. Gould will continue to serve
as Chairman of the Board until the annual general meeting of the companys stockholders in April
2012. It is the Boards intention that its directors will select the current independent lead
director, Tony Isaac, to be the new non-executive Chairman upon Mr. Goulds departure.
Andrew Gould will be succeeded as Chief Executive Officer by Paal Kibsgaard, Chief Operating
Officer of Schlumberger Limited. During more than 14 years of employment with the company, Mr.
Kibsgaard has held operational and management responsibility in the Middle East, Europe and the
U.S., and has been involved in all aspects of the companys operations. Prior to his appointment
as Chief Operating Officer, Mr. Kibsgaard served as President of the Reservoir Characterization
Group after assignments as Vice President, Engineering, Manufacturing and Sustaining; and Vice
President of Personnel following a series of earlier international positions.
Commenting on the move, Tony Isaac, the current independent lead director of the Schlumberger Board
remarked, The Board joins me in thanking Andrew for his 36 years of service to Schlumberger and
appreciates the significant contributions he has made in driving the companys strong business
results during his tenure as Chief Executive Officer. Mr. Isaac continued, The Board welcomes Paal
Kibsgaard as Chief Executive Officer, and is highly confident that Schlumberger will continue to
grow and prosper under his leadership.
Kibsgaard has served as Chief Operating Officer since February 2010, and as a member of the
Schlumberger Limited Board since April 2011.
About Schlumberger
Schlumberger is the worlds leading supplier of technology, integrated project management and
information solutions to customers working in the oil and gas industry worldwide. Employing
approximately 110,000 people representing over 140 nationalities and working in approximately 80
countries, Schlumberger provides the industrys widest range of products and services from
exploration through production.
Schlumberger Limited has principal offices in Paris, Houston and The Hague and reported revenues of
$27.45 billion in 2010. For more information, visit www.slb.com.
For further information, contact
Malcolm Theobald
Vice President of Investor Relations
Office +1 (713) 375-3535
investor-relations@slb.com
Vice President of Investor Relations
Office +1 (713) 375-3535
investor-relations@slb.com
Stephen Whittaker
Director of Corporate Communications
Office + 33 1 4062 1308
swhittaker@slb.com
Director of Corporate Communications
Office + 33 1 4062 1308
swhittaker@slb.com