Looks like halliburton are going to suffer even more with the ge baker merger in place no hanging around board members in position lots of money to invest thinking caps going in the correct direction and let's not forget workers are getting a pay rise.
What's halliburton got well for me it would be all the 5 p's. Poor management then we have poor policys all round and most importantly piss poor paid for me this company is running down the hill
i am so happy for them, so good to see something encouraging happen.
Hopefully, GE/Baker Hughes is wise enough to avoid hiring anyone with ANY management 'experience' at Halliburton. Maybe they should even stay away from the field hands that might want to switch, since they would have been thoroughly indoctrinated with the Halliburton 'methods' of doing things.
BUT, absolutely NO ex-Halliburton management types if they want to remain viable.
HAL people seem to be more interested in baker than HAL . Surely this means the end for HAL.
lot of a-- licking goin on for top jobs
Wall Street: Money Never Sleeps
Steinhardt, promptly abandons Bretton and goes to Gekko
Craighead and some other Baker Hughes executives reportedly will receive eight-figure “golden parachute” payments when the deal closes.
As previously announced, Lorenzo Simonelli, the president and CEO of GE Oil & Gas, will be CEO of the new company, and Brian Worrell, CFO of GE Oil & Gas, will become CFO of the new company.
The rest of the combined leadership team will consist of nine execs from GE Oil & Gas and four from Baker Hughes:
Maria Claudia Borras, currently GE Oil & Gas’ chief commercial officer, will become president and CEO of oilfield services of the new company.
Belgacem Chariag, currently Baker Hughes’ president of global operations, will become chief global operations officer of the new company.
Rod Christie, currently head of GE Oil & Gas’ Turbomachinery & Process Solutions business unit, will become president and CEO of turbomachinery and process solutions for the new company.
Harry Elsinga, currently vice president of human resources for GE Oil & Gas, will become chief human resources officer of the new company.
Jennifer Hartsock, currently chief information officer for GE Oil & Gas, will become CIO of the new company.
Matthias Heilmann, currently head of GE Oil & Gas’ digital solutions business, will become president and CEO of digital solutions for the new company.
Jack Hinton, currently vice president of health, safety and environment (HSE) for Baker Hughes, will become Chief HSE Officer for the new company.
Nicola Jannis, currently head of business development at GE Oil & Gas, will become chief business development officer at the new company.
Derek Mathieson, currently Baker Hughes’ chief commercial officer, will become chief marketing and technology officer for the new company.
Jody Markopoulos, currently vice president of operations at GE Oil & Gas, will become chief engineering and supply chain officer for the new company.
Will Marsh, currently vice president and general counsel of Baker Hughes, will become chief legal officer for the new company.
Neil Saunders, currently GE Oil & Gas’ president and CEO of subsea systems and drilling, will become president and CEO of oilfield equipment for the new company.
Uwem Ukpong, who currently leads overall integration planning for GE Oil & Gas, will become chief integration officer for the combined company.
GE and Baker Hughes also previously announced the board of directors for the combined company. GE CEO Jeff Immelt will be chairman of the new company’s board, while Martin Craighead, currently Baker Hughes’ chairman and CEO, will serve as vice chairman. Craighead and some other Baker Hughes executives reportedly will receive eight-figure “golden parachute” payments when the deal closes.
Of Baker Hughes’ existing executive team, the following are not listed among the leadership for the combined company:
Archana Deskus, Baker Hughes’ current chief information officer and vice president
Murali Kuppuswamy, Baker Hughes’ current chief human resources officer
Kimberly Ross, Baker Hughes’ current CFO and senior vice president
Arthur “Art” Soucy, Baker Hughes’ current president of products and technology
Richard Williams, Baker Hughes’ current senior adviser for the executive leadership team
The combined company will have about 70,000 employees worldwide and operations in more than 120 countries.
Olivia Pulsinelli is the senior web editor for the Houston Business Journal's award-winning website. Follow her on Twitter for more.
Go Team Go!!!
http://www.bizjournals.com/houston/news/2017/06/05/ge-baker-hughes-announce-executive-leadership-team.html
As Houston-based Baker Hughes Inc. (NYSE: BHI) and Boston-based General Electric Co. (NYSE: GE) near the closing of their megadeal, the companies have released a list of executives who will lead the newly combined energy company.
The deal to combine Baker Hughes with GE Oil & Gas, which is based in London but has regional headquarters in Houston, could close around the end of June or early July. The combined entity will be called Baker Hughes, a GE Company, and will have dual headquarters in Houston and London.