Schlumberger Board Nominee Seen as Key to Latin America Push
- Galuccio set to return after leading Argentina’s YPF
- Company cites valuable insight into Venezuela, Mexico, Ecuador
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Schlumberger Ltd. is looking to add a familiar face to its board in Miguel Galuccio, whose previous experience there and as a former chief at Argentina’s state-run oil company may help in navigating a challenging economic picture in Latin America.
The 48-year-old Galuccio, named in Schlumberger’s proxy materials, worked 13 years for the world’s largest oilfield services company before becoming chief executive officer at Argentina’s YPF SA in 2012. While at Schlumberger, he created a successful production model -- tested first in Latin America -- that tied customer pay to how much the company boosted output.