Baker Hughes Management

Management criteria checks 1/4

Baker Hughes' CEO is Lorenzo Simonelli, appointed in Jul 2017, has a tenure of 7.17 years. total yearly compensation is $21.68M, comprised of 7.3% salary and 92.7% bonuses, including company stock and options. directly owns 0.051% of the company’s shares, worth $18.17M. The average tenure of the management team and the board of directors is 1.9 years and 5.8 years respectively.

Key information

Lorenzo Simonelli

Chief executive officer

US$21.7m

Total compensation

CEO salary percentage	7.3%
CEO tenure	7.2yrs
CEO ownership	0.05%
Management average tenure	1.9yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Lorenzo Simonelli's remuneration changed compared to Baker Hughes's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$2b
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$22m	US$2m	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 ($USD21.68M) is above average for companies of similar size in the UK market ($USD5.66M).

Compensation vs Earnings: Lorenzo's compensation has increased by more than 20% in the past year.

CEO

Lorenzo Simonelli (51 yo)

7.2yrs

Tenure

US$21,680,736

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. since January 01, 2022. He has been th...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lorenzo Simonelli	Chairman	7.2yrs	US$21.68m	0.051% $ 18.2m
Nancy Buese	Chief Financial Officer	1.8yrs	US$6.04m	0.0052% $ 1.9m
Maria Borras	Executive Vice President of Oilfield Services & Equipment	no data	US$6.93m	0.0093% $ 3.3m
James Apostolides	Senior Vice President of Enterprise Operational Excellence	1.9yrs	US$2.28m	0.0015% $ 542.7k
Ganesh Ramaswamy	Executive Vice President of Industrial & Energy Technology	1.7yrs	US$9.21m	0.00097% $ 348.6k
Rebecca Charlton	Senior VP	1.3yrs	no data	0.00089% $ 319.9k
Jeff Fleece	Chief Information Officer	2.7yrs	no data	no data
Chase Mulvehill	Vice President of Investor Relations	no data	no data	no data
Georgia Magno	Chief Legal Officer	less than a year	no data	0.00083% $ 298.3k
Deanna Jones	Executive Vice President of People	4.7yrs	no data	no data
Chris Barkey	Chief Technology Officer of Industrial & Energy Technology	no data	no data	no data
Muzzamil Ahmed	Senior VP & Chief People Officer	no data	no data	no data

1.9yrs

Average Tenure

52.5yo

Average Age

Experienced Management: 0RR8's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Lorenzo Simonelli	Chairman	7.2yrs	US$21.68m	0.051% $ 18.2m
Gregory Brenneman	Independent Director	7.2yrs	US$378.18k	0.0017% $ 611.0k
John Rice	Independent Director	7.2yrs	US$352.69k	0.0058% $ 2.1m
Cynthia Blum Carroll	Independent Director	4.3yrs	US$333.50k	0.0037% $ 1.3m
Mohsen Sohi	Independent Director	1.7yrs	US$305.62k	0% $ 0
William Beattie	Lead Independent Director	7.2yrs	US$401.00k	0.0018% $ 632.6k
Michael Dumais	Independent Director	2.7yrs	US$326.33k	0.0037% $ 1.3m
Lynn Elsenhans	Independent Director	7.2yrs	US$335.61k	0.0089% $ 3.2m
Abdulaziz Al-Gudaimi	Independent Director	less than a year	no data	0.00055% $ 197.7k
Shirley Edwards	Director	less than a year	no data	no data

5.8yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 0RR8's board of directors are considered experienced (5.8 years average tenure).

Baker Hughes Management

Management criteria checks 1/4

Key information

Recent management updates

Baker Hughes Company Announces Executive Changes, Effective October 1, 2024

Baker Hughes Company Announces Board Changes

Baker Hughes Company, Annual General Meeting, May 13, 2024

Baker Hughes Appoints Georgia Magno as Chief Legal Officer, Effective January 1, 2024

Baker Hughes Company Elects Abdulaziz M. Al Gudaimi as Director, Effective January 1, 2024

Baker Hughes Company Announces Executive Changes, Effective June 1, 2023

Recent updates

Now 21% undervalued

Baker Hughes Company to Report Q3, 2024 Results on Oct 22, 2024

Baker Hughes Company Announces Executive Changes, Effective October 1, 2024

Now 20% undervalued

Second quarter dividend of US$0.21 announced

Second quarter 2024 earnings released: EPS: US$0.58 (vs US$0.41 in 2Q 2023)

Baker Hughes Company Declares Quarterly Dividend, Payable on Aug. 16, 2024

Baker Hughes Company to Report Q2, 2024 Results on Jul 25, 2024

Baker Hughes Company Announces Board Changes

First quarter 2024 earnings released: EPS: US$0.46 (vs US$0.57 in 1Q 2023)

Baker Hughes Company Declares Quarterly Dividend, Payable on May 16, 2024

Baker Hughes Company, Annual General Meeting, May 13, 2024

Baker Hughes Company to Report Q1, 2024 Results on Apr 23, 2024

Now 20% undervalued after recent price drop

Fourth quarter dividend of US$0.21 announced

Baker Hughes Company Declares Quarterly Cash Dividend, Payable on February 23, 2024

Baker Hughes Company Provides Earnings Guidance for the First Quarter and Full Year 2024

Full year 2023 earnings released: EPS: US$1.93 (vs US$0.61 loss in FY 2022)

Baker Hughes Company to Report Q4, 2023 Results on Jan 23, 2024

Baker Hughes Appoints Georgia Magno as Chief Legal Officer, Effective January 1, 2024

Baker Hughes Company Elects Abdulaziz M. Al Gudaimi as Director, Effective January 1, 2024

Baker Hughes Company Approves Quarterly Cash Dividend on Class A Common Stock, Payable on November 17, 2023

New minor risk - Earnings quality

Baker Hughes Company to Report Q3, 2023 Results on Oct 26, 2023

Baker Hughes Declares Increased Quarterly Dividend, Payable on Aug. 18, 2023

Second quarter 2023 earnings released: EPS: US$0.41 (vs US$0.84 loss in 2Q 2022)

Baker Hughes Company to Report Q2, 2023 Results on Jul 19, 2023

Baker Hughes Company Announces Executive Changes, Effective June 1, 2023

Baker Hughes Company Declares Quarterly Cash Dividend, Payable on June 9, 2023

Baker Hughes Company Announces Resignation of Rod Christie as Advisor

First quarter 2023 earnings released: EPS: US$0.57 (vs US$0.077 in 1Q 2022)

Full year 2022 earnings released: US$0.61 loss per share (vs US$0.27 loss in FY 2021)

Baker Hughes Company, Annual General Meeting, Jan 30, 2023

Baker Hughes Unveils New Digital Solutions for More Intelligent Operations and Cleaner Energy

Baker Hughes Declares Quarterly Dividend, Payable on February 17, 2023

Baker Hughes Names Ganesh Ramaswamy as Executive Vice President of Industrial & Energy Technology

Baker Hughes Company to Report Q4, 2022 Results on Jan 23, 2023

Baker Hughes Company Declares Quarterly Dividend, Payable on November 18, 2022

Baker Hughes Announces Chief Financial Officer Changes, Effective November 2, 2022

Baker Hughes Company (NasdaqGS:BKR) completed the acquisition of Power Generation division from Brush Electrical Machines Ltd.

Greg Ebel Notifies the Baker Hughes Company Board of Directors of His Intention to Resign from the Board

Baker Hughes Company to Report Q3, 2022 Results on Oct 19, 2022

Baker Hughes Restructuring Business to Drive Profitability

Baker Hughes Company (NasdaqGS:BKR) agreed to acquire Power Generation division of Brush Electrical Machines Ltd. from One Equity Partners.

Local management team of Baker Hughes agreed to acquire Baker Hughes Oilfield Services business in Russia from Baker Hughes Company (NasdaqGS:BKR).

Baker Hughes Declares Cash Dividend for Class A Common Stock Payable on August 19, 2022

Baker Hughes Company (NasdaqGS:BKR) agreed to acquire AccessESP LLC.

Independent Director recently bought US$244k worth of stock

Second quarter 2022 earnings released: US$0.84 loss per share (vs US$0.084 loss in 2Q 2021)

Now 21% undervalued after recent price drop

Baker Hughes Company to Report Q2, 2022 Results on Jul 20, 2022

Baker Hughes Declares Quarterly Dividend, Payable on June 10, 2022

Baker Hughes Company (NasdaqGS:BKR) acquired Veros Systems, Inc.

Senior VP recently sold US$196k worth of stock

First quarter 2022 earnings released: EPS: US$0.077 (vs US$0.61 loss in 1Q 2021)

Baker Hughes Company (NasdaqGS:BKR) acquired Mosaic Materials, Inc.

Baker Hughes Company, Annual General Meeting, May 17, 2022

Now 21% undervalued

Insider recently sold US$583k worth of stock

Chief Financial Officer recently sold US$1.8m worth of stock

Senior VP recently sold US$198k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Senior VP recently sold US$255k worth of stock

Third quarter 2021 earnings released: EPS US$0.009 (vs US$0.25 loss in 3Q 2020)

Baker Hughes and C3 AI Deploy Enterprise AI Solutions at MEG Energy for Improved Efficiency of Thermal Production Operations

Second quarter 2021 earnings released: US$0.084 loss per share (vs US$0.32 loss in 2Q 2020)

Baker Hughes Company Delivers Remote Operations Solution in Support of Aramco’S Ongoing Digital Transformation

Baker Hughes Declares Cash Dividend on Class A Common Stock, Payable on June 4, 2021

First quarter 2021 earnings released: US$0.61 loss per share (vs US$15.64 loss in 1Q 2020)