Baker Hughes Management
Management criteria checks 2/4
Baker Hughes' CEO is Lorenzo Simonelli, appointed in Jul 2017, has a tenure of 6.58 years. total yearly compensation is $16.09M, comprised of 9.6% salary and 90.4% bonuses, including company stock and options. directly owns 0.058% of the company’s shares, worth CHF14.42M. The average tenure of the management team and the board of directors is 1.3 years and 5.2 years respectively.
Key information
Lorenzo Simonelli
Chief executive officer
US$16.1m
Total compensation
| CEO salary percentage | 9.6% |
| CEO tenure | 6.6yrs |
| CEO ownership | 0.06% |
| Management average tenure | 1.3yrs |
| Board average tenure | 5.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$2b |
| Sep 30 2023 | n/a | n/a | US$2b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | -US$97m |
| Dec 31 2022 | US$16m | US$2m | -US$601m |
| Sep 30 2022 | n/a | n/a | -US$490m |
| Jun 30 2022 | n/a | n/a | -US$466m |
| Mar 31 2022 | n/a | n/a | US$305m |
| Dec 31 2021 | US$16m | US$1m | -US$219m |
| Sep 30 2021 | n/a | n/a | US$140m |
| Jun 30 2021 | n/a | n/a | -US$38m |
| Mar 31 2021 | n/a | n/a | -US$165m |
| Dec 31 2020 | US$15m | US$1m | -US$10b |
| Sep 30 2020 | n/a | n/a | -US$11b |
| Jun 30 2020 | n/a | n/a | -US$10b |
| Mar 31 2020 | n/a | n/a | -US$10b |
| Dec 31 2019 | US$15m | US$1m | US$128m |
| Sep 30 2019 | n/a | n/a | US$211m |
| Jun 30 2019 | n/a | n/a | US$167m |
| Mar 31 2019 | n/a | n/a | US$157m |
| Dec 31 2018 | US$16m | US$1m | US$195m |
| Sep 30 2018 | n/a | n/a | US$95m |
| Jun 30 2018 | n/a | n/a | -US$52m |
| Mar 31 2018 | n/a | n/a | -US$33m |
| Dec 31 2017 | US$13m | US$700k | -US$103m |
Compensation vs Market: Lorenzo's total compensation ($USD16.09M) is above average for companies of similar size in the Swiss market ($USD6.83M).
Compensation vs Earnings: Lorenzo's compensation has been consistent with company performance over the past year.
CEO
Lorenzo Simonelli (50 yo)
6.6yrs
Tenure
US$16,091,588
Compensation
Mr. Lorenzo Simonelli has been Senior Non-Executive Director at Iveco Group N.V. since March 2022. He serves as Independent Non-Executive Director of Iveco Group N.V. He has been the Chief Executive July 2...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.6yrs | US$16.09m | 0.058% $ 14.4m | |
| Chief Financial Officer | 1.3yrs | US$7.14m | 0.0052% $ 1.3m | |
| Executive Vice President of Oilfield Services & Equipment | no data | US$8.11m | 0.0098% $ 2.4m | |
| Senior VP | less than a year | no data | no data | |
| Chief Information Officer | 2.1yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Legal Officer | less than a year | no data | 0.00051% $ 127.9k | |
| Executive Vice President of People | 4.1yrs | no data | no data | |
| Director of Sales & Commercial - OFS | no data | no data | no data | |
| Senior Vice President of Enterprise Operational Excellence | 1.3yrs | no data | 0.0024% $ 614.2k | |
| Executive Vice President of Industrial & Energy Technology | 1.1yrs | no data | 0.00096% $ 240.7k | |
| Chief Technology Officer of Industrial & Energy Technology | no data | no data | no data |
1.3yrs
Average Tenure
53yo
Average Age
Experienced Management: 68V's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.6yrs | US$16.09m | 0.058% $ 14.4m | |
| Independent Director | 6.6yrs | US$368.53k | 0.0017% $ 423.7k | |
| Non-Independent Director | 6.6yrs | US$327.72k | 0.0052% $ 1.3m | |
| Independent Director | 3.8yrs | US$317.52k | 0.0031% $ 774.6k | |
| Director | 1.1yrs | no data | no data | |
| Lead Independent Director | 6.6yrs | US$393.46k | 0.0013% $ 328.4k | |
| Independent Director | 2.1yrs | US$313.23k | 0.0031% $ 787.2k | |
| Independent Director | 6.6yrs | US$330.02k | 0.0083% $ 2.1m | |
| Independent Director | 3.8yrs | US$180.16k | 0.0031% $ 774.6k | |
| Independent Director | less than a year | no data | no data |
5.2yrs
Average Tenure
62yo
Average Age
Experienced Board: 68V's board of directors are considered experienced (5.2 years average tenure).