Summary
SLB Limited/NV (SLB) announced on October 28, 2019, the appointment of two new directors, Mr. Jeffrey W. Sheets and Mr. Patrick de La Chevardière, to its Board of Directors. This action, effective immediately, is a strategic move to enhance the board's expertise and oversight. Mr. Sheets brings valuable financial acumen, appointed to the Audit Committee and Compensation Committee, aligning with NYSE and SEC independence requirements. Mr. de La Chevardière adds further depth, joining the Finance Committee and the Science and Technology Committee, reflecting the company's commitment to innovation and financial stewardship. Both new directors will serve until the next annual general meeting, subject to stockholder election, and will be compensated according to the company's existing non-employee director compensation program, including a pro-rated amount for fiscal 2019. Their appointments are not linked to any material transactions requiring disclosure. Investors should view these additions as a positive step towards strengthening corporate governance and strategic direction.
Key Highlights
- 1Appointment of two new directors: Mr. Jeffrey W. Sheets and Mr. Patrick de La Chevardière.
- 2New directors appointed effective October 28, 2019.
- 3Mr. Sheets appointed to the Audit Committee and Compensation Committee.
- 4Mr. de La Chevardière appointed to the Finance Committee and Science and Technology Committee.
- 5Both directors will serve until the next annual general meeting, subject to stockholder election.
- 6New directors will receive standard non-employee director compensation, pro-rated for fiscal 2019.
- 7No material interest in any transactions requiring disclosure identified for the new directors.