Baker Hughes Incorporated announced that the Company s Senior Vice President and Chief Financial Officer, Peter A. Ragauss, intends to retire by the end of next year.
Adjusted net income for the third quarter of 2013 excludes after-tax severance charges of $17 million ($0.04 per diluted share) related to restructuring in Latin America, but includes an after-tax charge of $42 million ($0.09 per diluted share) for bad debt provisions in Latin America.
Baker Hughes Incorporated announced that Mike Sumruld has been named Vice President and Treasurer.
Baker Hughes Incorporated announced that Archana (Archie) Deskus, an executive with experience leading information technology functions within the aerospace, industrials and consumer products industries, will join the global oilfield services company as its Chief Information Officer effective January 14, 2013.
Baker Hughes Incorporated announced adjusted net income (a non-GAAP measure) for the third quarter of 2012 of $322 million or $0.73 per diluted share. This compares to adjusted net income of $1.18 per diluted share for the third quarter of 2011, and $1.00 per diluted share for the second quarter of 2012.
Baker Hughes Incorporated announced that Lynn L. Elsenhans, former Executive Chairman, President and Chief Executive Officer of Sunoco, Inc., has been appointed to the global oilfield service company’s Board of Directors.
Baker Hughes announced that Trey Clark will become the global oilfield service company’s Vice President of Investor Relations. Clark succeeds Adam B. Anderson who on May 29 will begin serving as Baker Hughes’ President, Latin America.
Baker Hughes Incorporated (BHI—NYSE) announced that its subsidiary has chartered a new state-of-the-art pressure pumping vessel that will provide offshore stimulation services to Maersk Oil in the North Sea.
On Feb. 29 ,2012 the Baker Hughes Dhahran Research and Technology Center opened its doors with a focus on research and development of new technologies to unlock the potential of unconventional resources.
Baker Hughes Incorporated announced adjusted net income (a non-GAAP measure) for the fourth quarter 2011 of $534 million, or $1.22 per diluted share.
