Baker Hughes Management
Management criteria checks 2/4
Baker Hughes' CEO is Lorenzo Simonelli, appointed in Jul 2017, has a tenure of 6.83 years. total yearly compensation is $21.68M, comprised of 7.3% salary and 92.7% bonuses, including company stock and options. directly owns 0.073% of the company’s shares, worth $24.13M. The average tenure of the management team and the board of directors is 1.5 years and 5.4 years respectively.
Key information
Lorenzo Simonelli
Chief executive officer
US$21.7m
Total compensation
| CEO salary percentage | 7.3% |
| CEO tenure | 6.8yrs |
| CEO ownership | 0.07% |
| Management average tenure | 1.5yrs |
| Board average tenure | 5.4yrs |
Recent management updates
Recent updates
These 4 Measures Indicate That Baker Hughes (NASDAQ:BKR) Is Using Debt Reasonably Well
May 14
Baker 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' (NASDAQ:BKR) Earnings Are Weaker Than They Seem
Jan 30Baker Hughes: Q4 Earnings, Attractive Despite LNG Uncertainty
Jan 27Baker Hughes: LNG Winner
Jan 18We Think Baker Hughes (NASDAQ:BKR) Can Stay On Top Of Its Debt
Jan 06Estimating The Intrinsic Value Of Baker Hughes Company (NASDAQ:BKR)
Dec 19We Think Baker Hughes (NASDAQ:BKR) Can Stay On Top Of Its Debt
Oct 03Baker Hughes Company (NASDAQ:BKR) Shares Could Be 35% Above Their Intrinsic Value Estimate
Sep 12There's Been No Shortage Of Growth Recently For Baker Hughes' (NASDAQ:BKR) Returns On Capital
Aug 20Returns At Baker Hughes (NASDAQ:BKR) Are On The Way Up
May 03Baker Hughes (NASDAQ:BKR) Seems To Use Debt Quite Sensibly
Apr 11Baker Hughes Company's (NASDAQ:BKR) Intrinsic Value Is Potentially 24% Below Its Share Price
Mar 16What to expect from Baker Hughes Q3 earnings?
Oct 18Baker Hughes (NASDAQ:BKR) Is Doing The Right Things To Multiply Its Share Price
Aug 25Baker Hughes: Big Aqua And The Carbon Capture Rodeo
Aug 18Baker Hughes: Disappointing Q2 Earnings
Jul 28These 4 Measures Indicate That Baker Hughes (NASDAQ:BKR) Is Using Debt Reasonably Well
Jul 25Baker Hughes: A Bullish Chart Ahead Of Q2 Earnings Report
Jul 18Estimating The Fair Value Of Baker Hughes Company (NASDAQ:BKR)
Jul 04Here's What To Make Of Baker Hughes' (NASDAQ:BKR) Decelerating Rates Of Return
May 16Baker Hughes: Solid Growth Expected In 2022
May 04Does Baker Hughes (NASDAQ:BKR) Have A Healthy Balance Sheet?
Apr 25Baker Hughes: A Catalyst For Growth
Apr 20Calculating The Intrinsic Value Of Baker Hughes Company (NASDAQ:BKR)
Apr 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 US market ($USD13.58M).
Compensation vs Earnings: Lorenzo's compensation has been consistent with company performance over the past year.
CEO
Lorenzo Simonelli (50 yo)
6.8yrs
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 | 6.8yrs | US$21.68m | 0.073% $ 24.1m | |
| Chief Financial Officer | 1.5yrs | US$6.04m | 0.0052% $ 1.7m | |
| Executive Vice President of Oilfield Services & Equipment | no data | US$6.93m | 0.013% $ 4.3m | |
| Senior Vice President of Enterprise Operational Excellence | 1.6yrs | US$2.28m | 0.0015% $ 494.3k | |
| Executive Vice President of Industrial & Energy Technology | 1.3yrs | US$9.21m | 0.00096% $ 316.4k | |
| Senior VP | less than a year | no data | no data | |
| Chief Information Officer | 2.3yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Legal Officer | less than a year | no data | 0.00083% $ 273.5k | |
| Executive Vice President of People | 4.3yrs | no data | no data | |
| Chief Technology Officer of Industrial & Energy Technology | no data | no data | no data | |
| Vice President of Legal Governance & Corporate Secretary | no data | no data | no data |
1.5yrs
Average Tenure
51.5yo
Average Age
Experienced Management: BKR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.8yrs | US$21.68m | 0.073% $ 24.1m | |
| Independent Director | 6.8yrs | US$378.18k | 0.0017% $ 556.9k | |
| Independent Director | 6.8yrs | US$352.69k | 0.0052% $ 1.7m | |
| Independent Director | 4yrs | US$333.50k | 0.0031% $ 1.0m | |
| Independent Director | 1.3yrs | US$305.62k | 0% $ 0 | |
| Lead Independent Director | 6.8yrs | US$401.00k | 0.0017% $ 573.4k | |
| Independent Director | 2.3yrs | US$326.33k | 0.0031% $ 1.0m | |
| Independent Director | 6.8yrs | US$335.61k | 0.0083% $ 2.7m | |
| Independent Director | 4yrs | US$337.79k | 0.0031% $ 1.0m | |
| Independent Director | less than a year | no data | no data |
5.4yrs
Average Tenure
62yo
Average Age
Experienced Board: BKR's board of directors are considered experienced (5.4 years average tenure).