Paal Kibsgaard named CEO of Katerra

by sadia_badhon | June 4, 2020 10:08 am

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Tech-driven construction company Katerra[2] has named Paal Kibsgaard as CEO. Kibsgaard joined Katerra in 2019 as COO and has served on Katerra’s board of directors since 2016.

Kibsgaard succeeds outgoing CEO and co-founder Michael Marks. Marks started Katerra in 2015 with the goal of using technology to transform the construction industry.

“I am honored to take on this new role. Five years ago, Michael Marks set forth an incredible vision for a vertically integrated company offering a comprehensive suite of building products and services. Today more than ever, we are seeing increased demand for technological and design innovations that offer greater budget, schedule, and risk predictability,” Kibsgaard said. “Katerra is well-positioned to meet those needs and to deliver on our mission of smarter building and better communities, for everyone.”

Before Katerra, Kibsgaard was the chairman and CEO of Schlumberger Limited, a multi-billion dollar international oilfield services company. He has deep expertise in operations. During his tenure at Schlumberger, Kibsgaard also held a variety of global senior management positions including COO, president of the Reservoir Characterization Group, vice-president of engineering, manufacturing, and sustaining, and vice-president of human resources.

A petroleum engineer with a master’s degree from the Norwegian Institute of Technology, Kibsgaard began his career in 1992 working for ExxonMobil. He was named best CEO in Oilfield Services and Equipment by Institutional Investor Magazine for four consecutive years from 2016 to 2019.

“We brought Paal into Katerra with the intention of someday appointing him CEO. Operational excellence will be instrumental to our long-term success as we come out of the COVID crisis, and now is the right time to put Paal’s experience to work as CEO,” said Marks.

Source URL: https://www.constructionspecifier.com/paal-kibsgaard-named-ceo-of-katerra/

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