8-KLeadership Changes

SLB LIMITED/NV 8-K Report, Executive Changes (Jul 13, 2021)

Filed July 13, 2021For Securities:SLB

Summary

SLB Limited/NV (SLB) announced a significant addition to its Board of Directors with the appointment of Mr. Peter Coleman, effective July 7, 2021. Mr. Coleman brings a wealth of experience from his previous roles, most notably as the former CEO of Woodside Petroleum Ltd., where he oversaw the diversification into various energy projects including LNG and hydrogen. His extensive background also includes 27 years with ExxonMobil and academic contributions. This appointment is a strategic move by SLB, bringing a director with deep industry knowledge and leadership experience in energy transitions. Mr. Coleman's expertise in areas like natural gas, LNG, and emerging hydrogen technologies aligns with the company's evolving business landscape. His role on the Nominating and Governance and Finance Committees will further contribute to the board's strategic oversight.

Key Highlights

  • 1Appointment of Peter Coleman as a new member of the Board of Directors, effective July 7, 2021.
  • 2Peter Coleman's extensive industry experience as former CEO of Woodside Petroleum Ltd.
  • 3Woodside Petroleum's diversification under Coleman's leadership into gas, LNG, and hydrogen projects.
  • 4Coleman's 27-year tenure with ExxonMobil, holding senior leadership positions.
  • 5Coleman's appointment to the Board's Nominating and Governance Committee and Finance Committee.
  • 6Coleman will serve until the next annual general meeting and will be compensated under the standard director compensation program.

Frequently Asked Questions

Peter Coleman is a new member of SLB's Board of Directors. He is the former Chief Executive Officer, Executive Director, and Managing Director of Woodside Petroleum Ltd., Australia's largest independent gas producer. He also spent 27 years with ExxonMobil and has academic and advisory roles.

Mr. Coleman brings significant energy industry experience, including leadership in traditional gas, LNG, and emerging hydrogen projects during his time at Woodside Petroleum. His extensive background with ExxonMobil and strategic insights from academia are also valuable.

Mr. Coleman will serve on SLB's Nominating and Governance Committee and the Finance Committee.

Mr. Coleman will be compensated according to SLB's standard director compensation program, prorated from his appointment date, and is expected to enter into the company's standard director indemnity agreement.