Construction Startup Katerra Attracts Former Oil-Industry CEO

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SoftBank-backed Katerra has turned to oil-industry veteran Paal Kibsgaard to oversee its rapid growth

A Silicon Valley-based construction startup has hired a former oil-industry chief executive, a sign that its rapid growth is starting to attract prominent talent from other industries.

Katerra Inc. has brought in Paal Kibsgaard as its chief operating officer, the Menlo Park, Calif., company said. Mr. Kibsgaard was until recently CEO of Schlumberger Ltd., the world’s largest oil-field-services company.

 

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As former Schlumberger CEO Paal Kibsgaard takes on the role of CEO at katerrainc, equilarinc reveals that he was awarded $15,185,123 in 2018. $SLB ceopay corpgov

Perhaps you may want to hire someone who knows something about building residential real estate

I think the term is shambolic growth

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