Peter Coleman
SLB LIMITED/NVAbout Peter Coleman
Peter Coleman is an independent director of SLB and former CEO and Managing Director of Woodside Petroleum (2011–June 2021). He previously spent 27 years at ExxonMobil in senior roles (VP Americas 2008–2010; VP Asia Pacific 2010–2011) and has served as an adjunct professor of corporate strategy at the University of Western Australia Business School since 2012. Education: MBA (Deakin University) and Bachelor of Engineering (Monash University). Director since 2021; current public company role includes Chair of Arcadium Lithium plc (since January 2024) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Woodside Petroleum | CEO, Executive Director, Managing Director | 2011–June 2021 | Led Australia’s largest independent gas producer; strategic planning oversight |
| ExxonMobil | Various roles incl. VP Americas; VP Asia Pacific | VP Americas 2008–2010; VP Asia Pacific 2010–2011 | Regional leadership across Americas and Asia; operations and strategy |
| University of Western Australia Business School | Adjunct Professor (Corporate Strategy) | Since 2012 | Academic contribution to strategy education |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Arcadium Lithium plc | Chair | Since Jan 2024 | Result of Livent–Allkem merger; Coleman previously Allkem Director (Oct 2022) and Chair (Nov 2022–Jan 2024) |
| H2EX (hydrogen) | Chair | Since Apr 2022 | Private start-up in hydrogen exploration |
| DIRECT Infrastructure (offshore wind) | Chair | Since Jun 2022 | Private developer; offshore wind focus |
| Infinite Green Energy (green hydrogen) | Chair (previously) | Not specified | Renewable energy company |
Board Governance
- Independence: The Board determined all director nominees are independent under NYSE standards and SLB guidelines, except the CEO and Mr. Galuccio; Coleman is independent .
- Committee assignments: Nominating & Governance and Finance (member; not chair) .
- Overboarding: SLB limits directors to no more than three other listed company boards (in addition to SLB); none of the nominees serve on more than two other listed boards (Coleman: one, Arcadium Lithium) .
- Executive sessions: Independent Chair led one or more executive sessions at each 2024 Board meeting .
- Attendance: 98% average Board/committee attendance in 2024; no director below 75% .
| Governance Item | Detail |
|---|---|
| Board Chair | Independent Chair: Jim Hackett |
| Committees (standing) | Audit; Compensation; Nominating & Governance; Finance; New Energy & Innovation |
| 2024 Meeting Count | Board 8; Audit 6; Compensation 4; Finance 4; New Energy & Innovation 3; Nominating & Governance 4 |
| Committee Chairs | Audit: Patrick de La Chevardière; Compensation: Jeff Sheets; Nominating & Governance: Vanitha Narayanan; Finance: Miguel Galuccio; New Energy & Innovation: Maria Moræus Hanssen |
Fixed Compensation
| Component | Amount |
|---|---|
| Annual cash retainer (non-employee directors) | $115,000 |
| Committee membership fee (per committee) | $10,000 |
| Committee chair fee (in lieu of membership fee) | $20,000 |
| Additional cash fee for Independent Board Chair | $100,000 |
| 2024 Cash Compensation (Coleman) | Amount |
|---|---|
| Fees Earned or Paid in Cash | $135,000 |
Notes: Coleman’s $135,000 cash likely reflects base retainer plus two committee memberships ($115,000 + $10,000 + $10,000) consistent with his Nominating & Governance and Finance committee roles .
Performance Compensation
| Equity Grant Detail (2024) | Value |
|---|---|
| Annual equity grant (non-employee directors) | 4,001 shares of SLB common stock granted May 1, 2024 |
| Coleman 2024 Stock Awards (grant-date fair value) | $188,688 (based on closing price on May 1, 2024) |
Additional features:
- Directors may elect to defer stock or cash awards under the Directors Stock Plan (stock units credited for deferred stock; cash deferrals can be allocated to SLB stock, money market equivalents, or an S&P 500 equivalent; dividend equivalents paid in cash at vesting for stock units) .
Other Directorships & Interlocks
| Company | Role | Public/Private | Potential Interlock Considerations |
|---|---|---|---|
| Arcadium Lithium plc | Chair | Public | SLB “New Energy” strategy includes lithium from brine; no specific SLB–Arcadium transactions disclosed |
| H2EX | Chair | Private | Hydrogen exploration; no related-party transactions disclosed |
| DIRECT Infrastructure | Chair | Private | Offshore wind; no related-party transactions disclosed |
| Infinite Green Energy | Chair (previously) | Private | Green hydrogen; no related-party transactions disclosed |
| Woodside Petroleum | Former CEO/MD | Public (former role) | No disclosed SLB related-party transactions tied to Coleman |
Related-party framework and independence:
- Board reviews transactions since 2022 with entities linked to directors/families; relationships were ordinary course and below thresholds, except Vista (Mr. Galuccio), rendering him non-independent; no Coleman-specific related-party transactions disclosed .
Expertise & Qualifications
- Energy leadership and strategic planning: Former CEO of Woodside; decades in energy .
- Global operations experience: Asia and Americas leadership at ExxonMobil .
- Academic strategy credentials: Adjunct professor since 2012 .
- Governance and international engagement: Former Chair of the Australia-Korea Foundation .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Shares Outstanding | Notes |
|---|---|---|---|
| Peter Coleman | 18,457 | <1% (based on 1,359,855,277 shares) | None of the reported shares are pledged |
Ownership alignment:
- Director stock ownership guideline: Minimum of 5x annual cash retainer within five years of joining Board; directors with 5+ years of service are in compliance; Coleman joined in 2021 (still within five-year window) .
Governance Assessment
- Committee effectiveness: Coleman’s placement on Nominating & Governance and Finance aligns with his strategic planning and energy industry expertise; both committees are fully independent per NYSE standards and SEC rules .
- Independence and conflicts: Board affirmed Coleman’s independence; no Coleman-related party transactions disclosed; SLB prohibits director hedging or pledging of company stock, and Coleman’s beneficial holdings are unpledged—supporting alignment with shareholders .
- Engagement and oversight signals: Strong overall attendance (98%) and regular executive sessions led by independent Chair indicate active Board oversight; comprehensive director orientation and continuing education (including cybersecurity and AI risk training) underpin governance quality .
RED FLAGS
- None disclosed specific to Coleman: No related-party transactions, hedging/pledging, or overboarding violations indicated .
Potential Watch Items
- Interlock sensitivity: Chair role at Arcadium Lithium plc alongside SLB’s growing focus on lithium/critical minerals; monitor for any future SLB–Arcadium commercial relationships and ensure adherence to related-party review thresholds .