8-KLeadership Changes

SLB LIMITED/NV 8-K Report, Executive Changes (Apr 26, 2021)

Filed April 26, 2021For Securities:SLB

Summary

SLB Limited/NV (SLB) announced a significant addition to its Board of Directors with the appointment of Mr. Samuel Leupold, effective April 22, 2021. Mr. Leupold's extensive background in renewable energy, particularly offshore wind development and the energy transition, is expected to be a valuable asset as SLB focuses on deploying sustainable technologies. His appointment signals a strategic intent by SLB to bolster its expertise in areas critical to the evolving energy landscape. Investors can view this move as a positive step towards aligning the company's leadership with the growing importance of sustainability and innovation in the energy sector.

Key Highlights

  • 1Samuel Leupold appointed to SLB's Board of Directors, effective April 22, 2021.
  • 2Mr. Leupold will serve on the Board's Finance Committee and New Energy and Innovation Committee.
  • 3Leupold brings substantial experience in energy transition and sustainability.
  • 4He previously served as CEO of Ørsted Wind Power, a leading offshore wind developer.
  • 5Currently Chairman of Wind Energy at Green Investment Group and an independent senior advisor on energy/infrastructure.
  • 6Also an independent non-executive member of the board at Enel SpA, a European utility focused on sustainability.
  • 7Compensation will follow the company's standard director compensation program.

Frequently Asked Questions

Mr. Leupold brings extensive experience in renewable energy, specifically in offshore wind development and the broader energy transition. His expertise is expected to support SLB's strategy of deploying sustainable technologies, which is increasingly important in the evolving energy market.

Mr. Leupold will serve on the Board's Finance Committee and its New Energy and Innovation Committee.

Mr. Leupold was the CEO of Ørsted Wind Power, a leading global developer of offshore wind assets. He also holds leadership positions at Green Investment Group and Enel SpA, both focused on green infrastructure and sustainability.

Mr. Leupold will be compensated under SLB's standard director compensation program, prorated from his appointment date, and is expected to enter into a standard director indemnity agreement.