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OFS - Former Schlumberger CEO to become Borr Drilling chairman - August 2019

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Former Schlumberger chairman and CEO Paal Kibsgaard is in line to be the new chairman of Borr Drilling. The jackup company’s board voted to recommend for the position with an election will take place at the annual general meeting to be held on Sept. 27. Kibsgaard exited Schlumberger on Aug. 1, leaving the services giant’s board as well. Schlumberger is Borr’s leading stockholder, presumably making the new post acceptable for any non-compete agreements Kibsgaard......
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