Paal Kibsgaard, Chief Operating Officer at Katerra
Katerra, a technology company redefining the construction industry, announced that Paal Kibsgaard has been appointed Chief Operating Officer. Kibsgaard has served on Katerra’s Board of Directors for three years and was previously Chairman and CEO of Schlumberger. He was named best CEO in Oilfield Services and Equipment by Institutional Investor Magazine for four consecutive years from 2016 to 2019.
In a statement, CEO & co-Founder Michael Marks said: “Paal is one of the best operating executives I have ever met. With Katerra recently passing its fourth anniversary, we have built a solid foundation for future growth. Paal’s appointment marks a new phase for the company, and under his guidance, we will accelerate our work to transform construction through technology.”
Before Katerra, Paal held a variety of global senior management positions at Schlumberger Limited including chairman and CEO; COO; president of the Reservoir Characterization Group; vice president of engineering, manufacturing and sustaining; and vice president of human resources. Earlier in his Schlumberger career, Paal was geomarket manager for the Caspian region after holding various field positions in sales and marketing, and customer support. A petroleum engineer with a master’s degree from the Norwegian Institute of Technology, Paal began his career in 1992 working for ExxonMobil.
In his new role, Kibsgaard is responsible for Katerra’s U.S. operations, including architecture, engineering, manufacturing, and construction. He will drive alignment across these groups to ensure operational excellence as Katerra delivers a growing number of projects in the U.S. and expands its advanced manufacturing footprint. He will also be responsible for additional international expansion beyond the company’s current footprint in U.S., the Middle East, and India. Lastly, he will oversee the development of new construction technologies.
Discover the people behind Katerra here.
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