Baker Hughes Management
Management criteria checks 2/4
Baker Hughes' CEO is Lorenzo Simonelli, appointed in Jul 2017, has a tenure of 7.58 years. total yearly compensation is $21.68M, comprised of 7.3% salary and 92.7% bonuses, including company stock and options. directly owns 0.057% of the company’s shares, worth $27.76M. The average tenure of the management team and the board of directors is 2.1 years and 6.2 years respectively.
Key information
Lorenzo Simonelli
Chief executive officer
US$21.7m
Total compensation
| CEO salary percentage | 7.3% |
| CEO tenure | 7.6yrs |
| CEO ownership | 0.06% |
| Management average tenure | 2.1yrs |
| Board average tenure | 6.2yrs |
Recent management updates
Recent updates
Baker Hughes Company Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Feb 03
Take Care Before Diving Into The Deep End On Baker Hughes Company (NASDAQ:BKR)
Jan 09Baker Hughes: A Rare GARP Story In Energy, A Buy Into Earnings
Jan 07We Ran A Stock Scan For Earnings Growth And Baker Hughes (NASDAQ:BKR) Passed With Ease
Dec 25Baker Hughes (NASDAQ:BKR) Seems To Use Debt Quite Sensibly
Dec 09Estimating The Fair Value Of Baker Hughes Company (NASDAQ:BKR)
Nov 08Baker Hughes Q3 Results: Decent Performance, But I Am Cautious For Now
Oct 23Returns On Capital Are Showing Encouraging Signs At Baker Hughes (NASDAQ:BKR)
Oct 17Investors Aren't Entirely Convinced By Baker Hughes Company's (NASDAQ:BKR) Earnings
Oct 02Here's Why We Think Baker Hughes (NASDAQ:BKR) Is Well Worth Watching
Sep 17We Think Baker Hughes (NASDAQ:BKR) Can Stay On Top Of Its Debt
Sep 02A Look At The Fair Value Of Baker Hughes Company (NASDAQ:BKR)
Jul 29Baker Hughes: Slowing LNG Activity A Risk Ahead Of Q2 Results (Rating Downgrade)
Jul 09There's Been No Shortage Of Growth Recently For Baker Hughes' (NASDAQ:BKR) Returns On Capital
Jun 19Market Participants Recognise Baker Hughes Company's (NASDAQ:BKR) Revenues
Jun 01These 4 Measures Indicate That Baker Hughes (NASDAQ:BKR) Is Using Debt Reasonably Well
May 14Baker Hughes Should Realize Major Tailwinds Throughout The Energy Transition
Apr 26Calculating The Fair Value Of Baker Hughes Company (NASDAQ:BKR)
Apr 22Baker Hughes (NASDAQ:BKR) Is Experiencing Growth In Returns On Capital
Mar 17Baker Hughes Could Be This Year's Turnaround Play
Mar 06Baker Hughes Company (NASDAQ:BKR) Investors Are Less Pessimistic Than Expected
Feb 28Baker Hughes Company (NASDAQ:BKR) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?
Feb 08Baker Hughes: Q4 Earnings, Attractive Despite LNG Uncertainty
Jan 27Baker Hughes: LNG Winner
Jan 18What to expect from Baker Hughes Q3 earnings?
Oct 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | US$3b |
| Sep 30 2024 | n/a | n/a | US$2b |
| 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$195m |
Compensation vs Market: Lorenzo's total compensation ($USD21.68M) is above average for companies of similar size in the US market ($USD12.46M).
Compensation vs Earnings: Lorenzo's compensation has increased by more than 20% in the past year.
CEO
Lorenzo Simonelli (51 yo)
7.6yrs
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 |
|---|---|---|---|---|
| Chairman | 7.6yrs | US$21.68m | 0.057% $ 27.8m | |
| Executive VP & Chief Financial Officer | 2.3yrs | US$6.04m | 0.0075% $ 3.6m | |
| Chief Growth & Experience Officer | no data | US$6.93m | 0.011% $ 5.2m | |
| Senior Vice President of Enterprise Operational Excellence | 2.3yrs | US$2.28m | 0.0020% $ 986.7k | |
| Executive Vice President of Industrial & Energy Technology | 2.1yrs | US$9.21m | 0.0058% $ 2.8m | |
| Senior VP | 1.7yrs | no data | 0.00089% $ 430.5k | |
| Chief Information Officer | 3.1yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Legal Officer | 1.1yrs | no data | 0.0012% $ 585.2k | |
| Chief People & Culture Officer | less than a year | no data | no data | |
| Executive Vice President of Oilfield Services & Equipment | less than a year | no data | no data | |
| Vice President of Legal Governance & Corporate Secretary | no data | no data | no data |
2.1yrs
Average Tenure
51.5yo
Average Age
Experienced Management: BKR's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.6yrs | US$21.68m | 0.057% $ 27.8m | |
| Independent Director | 7.6yrs | US$378.18k | 0.0017% $ 822.2k | |
| Independent Director | 7.6yrs | US$352.69k | 0.0068% $ 3.3m | |
| Independent Director | 4.8yrs | US$333.50k | 0.0037% $ 1.8m | |
| Independent Director | 2.1yrs | US$305.62k | 0% $ 0 | |
| Lead Independent Director | 7.6yrs | US$401.00k | 0.0018% $ 865.8k | |
| Independent Director | 3.1yrs | US$326.33k | 0.0037% $ 1.8m | |
| Independent Director | 7.6yrs | US$335.61k | 0.0089% $ 4.3m | |
| Independent Director | 1.1yrs | no data | 0.00055% $ 266.0k | |
| Director | less than a year | no data | no data |
6.2yrs
Average Tenure
63yo
Average Age
Experienced Board: BKR's board of directors are considered experienced (6.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 23:08 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Baker Hughes Company is covered by 50 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| Waqar Syed | ATB Capital Markets |
| Finbarr MacCarthy | Atlantic Equities LLP |