SLB Elects Former JPMorgan Executive Jing Ulrich to Board of Directors

Event Overview

On October 6, 2026, SLB Limited (NYSE: SLB) filed a Current Report on Form 8-K disclosing that its Board of Directors elected Ms. Jing Ulrich to the Board, effective October 5, 2026. Ms. Ulrich will serve on both the Audit Committee and the Finance Committee.

Appointee Background

Ms. Ulrich brings deep expertise in investment banking, capital markets, and international finance:

• JPMorgan Chase & Co.: Served as Vice Chairman of Investment Banking from 2021 until July 1, 2026, following prior leadership positions including Vice Chairman of Global Banking and Asia Pacific (2005–2021).
• Prior Financial Experience: Managing Director at Deutsche Bank AG (2003–2005) and Managing Director at CLSA (1996–2003).
• Corporate Board Governance: Currently serves on the Supervisory Board of adidas AG (since 2019), the Board of Directors of Swarovski International Holding (since 2025), and The Wella Company (since April 2026). Previously served on the boards of GSK plc and Ermenegildo Zegna.

Compensation & Governance Terms

• Tenure: Ms. Ulrich will serve until the next annual general meeting of SLB shareholders, where she will stand for re-election.
• Compensation: Standard non-employee director compensation package prorated based on her appointment date.
• Indemnification & Transactions: Expected to enter into the standard director indemnity agreement; no reportable transactions under Item 404(a) of Regulation S-K were identified.

Trading & Market Impact

• Trading Significance: Low. The filing covers a routine non-executive director appointment under Item 5.02 with no open-market equity transactions or immediate material financial consequences.