NSG
NEWSROOM
 
 

Katerra Appoints Paal Kibsgaard as Chief Operating Officer




MENLO PARK, Calif - Wednesday 7 August 2019, 07:20 Pm  [AETOS Wire]

(BUSINESS WIRE)-- Katerra, a technology company redefining the construction industry, today announced that Paal Kibsgaard has joined as chief operating officer, a new position within Katerra. Kibsgaard was previously the chairman and CEO of Schlumberger Limited and served on Katerra’s Board of Directors for three years. He will report to Katerra’s co-founder and CEO, Michael Marks.

“Paal is one of the best operating executives I have ever met,” said Michael Marks, co-founder and CEO of Katerra. “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.”

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.

“Katerra is building a truly unique company to lead the overdue transformation of the global construction industry,” said Paal Kibsgaard, COO for Katerra. “I am excited to join Katerra and to become part of a very strong management team. By successfully executing on our mission, we can make quality construction more available to a larger population around the world.”

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. He was named best CEO in Oilfield Services and Equipment by Institutional Investor Magazine for four consecutive years from 2016 to 2019.

About Katerra

Katerra is a technology company optimizing every aspect of building design, materials supply, and construction. With leaders from the most groundbreaking technology, design, manufacturing, and construction companies, Katerra transforms how buildings and spaces come to life. Founded in 2015, Katerra has a growing number of domestic and international offices, factories and building projects. For more information, visit www.katerra.com.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190806005110/en/


Contacts
9261

MULTIMEDIA GALLERY

Logo




 
 
 
 
 
About Us
Corporate Summary
Mission/Vision
Team
Operating Philosophy
Our Businesses
Overview
AETOS Wire
TRANSHouse
Our Partners
Overview
Business Wire

News Agencies

Corporate citizenship
Overview
Pro bono Work
Employee Engagement

Join Us
Overview
Relationship Managers
Junior English Copywriters
Translators
Researchers
Account Executives
Media Relations Executives
Content Editors
Contact Us
Terms & conditions
Privacy Statement