Schlumberger’s longtime chief financial officer Simon Ayat is stepping down from his position in January and a successor has already been named.
In a Tuesday morning statement, the company announced that Ayat is leaving his post on Jan. 22 and that the company’s vice president of finance Stephane Biguet will become executive vice president and chief financial officer.
Ayat will remain with Schlumberger as senior strategic advisor to the company’s CEO Olivier Le Peuch through January 2022.
Ayat joined Schlumberger in 1982 and climbed through the ranks to become chief financial officer in 2007.
Biguet joined Schlumberger in 1995 and has held various senior roles in finance and operations both in the field and headquarters levels.
Headquartered in Paris with its principal offices in Houston, Schlumberger is the largest oilfield service company in the world with more than 100,000 employees in 85 nations.
The company posted a $2.2 billion profit on $32.8 billion of revenue in 2018.
