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Form 8-K · Current Report · Filed 2025-02-24

Baker Hughes Appoints Ahmed Moghal as New CFO

Baker Hughes Company announced on February 24, 2025, the appointment of Ahmed Moghal as Executive Vice President and Chief Financial Officer, effective February 24, 2025.

Filer
Baker Hughes Company BKR · NASDAQ
Filed
Accession
0001193125-25-032863
CIK
0001701605
Signal
High impactEnergy

Details

Moghal succeeds Nancy Buese, who will transition to an advisory role until April 30, 2025. The company also reaffirmed its financial guidance for 2025.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New CFO Appointed
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$45.62

Next session

-3.5%

Since filing

+32.6%

Latest close

$60.49

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from BKR reporting the same item, with the next session's move:

Exhibits (1)

About Baker Hughes Company

Baker Hughes Company is a global energy technology provider that plays a critical role in the oil and gas sector. The company's primary function is to deliver integrated oilfield products, services, and digital solutions that optimize the development and management of hydrocarbon resources. With a comprehensive portfolio that includes drilling services, completion technologies, and innovative carbon reduction strategies, Baker Hughes serves a diverse range of clients, including oil and gas companies, both onshore and offshore. The company is also at the forefront of advancing cleaner energy technologies, emphasizing innovation in energy efficiency and emission reduction. Founded in 1907 and headquartered in Houston, Texas, Baker Hughes is a pivotal player in the energy market, influencing technology-driven transformations and operational efficiencies throughout the industry. Its integration of advanced data analytics and digital solutions showcases its commitment to enhancing the performance and sustainability of energy production worldwide.

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