SLB Limited appoints Mamatha Chamarthi to board and amends company bylaws

SLB Limited (NYSE:SLB), a $47.5 billion energy services company with a GOOD financial health rating according to InvestingPro, announced Friday that Mamatha Chamarthi has been elected to its board of directors, effective immediately. According to a press release statement based on an SEC filing, Chamarthi will also join the board’s Audit Committee and Energy Innovation and Technology Committee.

Chamarthi currently serves as Senior Vice President and Chief Digital Officer of The Goodyear Tire & Rubber Company, a role she has held since July 2024. Before joining Goodyear, she was Head of Software Business & Product Management at Stellantis N.V. from May 2021 to July 2024, and previously served as Chief Information Officer for North America and Asia Pacific at Stellantis. Chamarthi was also a director at ChampionX Corporation from 2018 until its acquisition by SLB in July 2025, serving on ChampionX’s Audit and Compensation Committees.

SLB stated that there are no transactions with Chamarthi requiring disclosure under SEC regulations. She will serve as a director until the next annual general meeting of shareholders, at which time she will be eligible for re-election. Her compensation will be prorated according to the company’s current director compensation program, and she is expected to enter into SLB’s standard director indemnity agreement.

In a separate development, SLB’s board adopted amended and restated bylaws on Friday to reflect the company’s new name, following an amendment to its articles of incorporation on October 7, 2025. The updated bylaws became effective immediately upon adoption.

SLB Limited’s common stock is listed on the New York Stock Exchange under the symbol SLB. The information in this article is based on a press release statement and the company’s filing with the Securities and Exchange Commission.

In other recent news, SLB has seen several notable developments. Shareholders approved an amendment to change the company’s legal name from Schlumberger N.V. to SLB N.V., a decision that was supported by approximately 82.15% of shares outstanding. This amendment allows the company to use variations of its name in international transactions. Ahead of the company’s third-quarter results, UBS reiterated its Buy rating with a price target of $44.00, noting potential complexities in the results due to a recent acquisition and business re-segmentation. Similarly, Stifel maintained its Buy rating, emphasizing SLB’s strong performance in an industry survey, particularly in international markets. Melius Research initiated coverage with a Buy rating and a price target of $82.00, highlighting SLB’s transition to a global energy technology firm. Meanwhile, SocGen Group adjusted its price target for SLB to $47.60 from $63.00, reflecting lower free cash flow projections while maintaining an Outperform rating. These developments provide investors with a range of perspectives on SLB’s current and future positioning in the market.

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