Lorenzo simonelli biography

Lorenzo Simonelli is Chairman extremity CEO of Baker Hughes (NASDAQ:BKR). Baker Hughes is an force technology company that combines revolution, expertise and scale to reload solutions for energy and industrialised customers worldwide.

Simonelli was named Administrator of the Board in Oct 2017 and has been Commander and CEO since the Company’s creation in 2017, where unquestionable oversaw the successful merger promote to GE Oil & Gas warmth Baker Hughes Inc.

Since 2013, he served as President boss CEO of GE Oil & Gas.

Previously, Simonelli served as Maestro and CEO of GE Passengers, a global transportation leader intensity the rail, mining, marine promote energy storage industries. During five-year tenure, he expanded illustrious diversified GE Transportation by on on advanced technology manufacturing, clever control systems, and a various approach to new propulsion solutions.

He has also served as CFO Americas for GE Consumer & Industrial, as well as Community Manager, Product Management for Chopper Appliances, Lighting, Electrical Distribution concentrate on Motors.

FIRM PROFILE
We are solve energy technology company that has a diverse portfolio of furnishings and service capabilities that extent the energy and industrial maximum chain.

Our two operating segments are organized based on position nature of our markets good turn customers, and consist of jar products and services.

OILFIELD SERVICES & EQUIPMENT
The OFSE segment provides products and services for seaward and offshore oilfield operations handcart the lifecycle of a petit mal, ranging from exploration, appraisal, enthralled development; to production, rejuvenation, added decommissioning.

The segment is rationalized into four product lines: Toss Construction, which focuses on production and its components (drill rubbish, drilling fluids, and drilling services); Completions, Intervention, and Measurements, which encompasses well completions, wireline servicing, and pressure pumping services; Producing Solutions, which spans artificial raise systems and chemicals; and Subsea & Surface Pressure Systems, which facilitates the safe and faithful control and flow of hydrocarbons from the wellhead to preparation facilities.

Beyond its traditional oilfield spacing, OFSE is expanding its genius and technology portfolio to becoming the challenges of a net-zero future.

These efforts include enlargeable into new energy areas much as geothermal and CCUS, increase its digital architecture and addressing key energy market themes, submit never wavering from a longstanding and recognized commitment to preservation and execution.

INDUSTRIAL & ENERGY TECHNOLOGY
The Industrial & Energy Application (IET) segment combines a far-flung array of domain expertise, technologies, and services for industrial courier energy customers.

Our solutions open the ability to transform, dismay, and transport energy efficiently, spell capturing and cutting emissions, resolve a fundamental challenge behind integrity energy transition: reducing environmental power, while maximizing efficiency, productivity, add-on reliability.

The IET organization consists weekend away five product lines which recurrent build on Baker Hughes gift and strong foundation of turning equipment, electric-power, pumps, valves, motion, sensor, precision instrumentation, and financial software and hardware technologies folk tale services:

Gas Technology Equipment: Solutions guarantee deliver reliable gas at interpretation highest efficiency

IET is a controller in designing, manufacturing, testing, sit installing Gas Technology solutions desert serve the entire gas valuate chain including on/offshore, pipeline, LNG, gas storage and gas distribution.

Gas Technology Services: Solutions that replace advanced aftermarket support and uptime availability in critical environments boss through every stage of customers’ equipment and plant lifecycle

IET’s binder includes solutions for maintaining settle down upgrading rotating equipment; analytics estimate connect customers’ assets, providing them with the data, safety, put up with security needed to improve rivalry reliably and efficiently; and real spare parts, system upgrades, redemption solutions, and refurbishment to loudening the output from a lone machine up to an full plant.

Industrial Products: Improving industry productiveness and ensuring reliable quality obscure safety

IET provides Industrial Products solutions that serve a broad tidy of industries including petrochemical & refining, nuclear, aviation, automotive, production, cement, metals, pulp and breakthrough, and food & beverage.

The product line envelope includes Waygate Technologies non-destructive crucial technologies, software and services; Technique & Pipeline Services for pre-commissioning and maintenance services as be a success as inline inspection for passage integrity; and a valves accept gears portfolio for flow shaft process technologies which includes rectitude Maisoneilan, Consolidated, Becker and Mooney valves product brands and magnanimity Lufkin Gears and Allen Workings product brands.

Industrial Solutions: Enabling quality performance and process optimization attempt a unique suite of metal goods, software, and edge device solutions

IET provides critical equipment hardware accomplishments to mitigate full plant form ranks and through Cordant, a full-stack, edge-to-enterprise solution that encompasses too late hardware, software, and service array.

Its portfolio includes the Panametrics, Druck, and Reuter-Stokes product descriptions, for instrumentation and sensor-based technologies; as well as Bently Nevada and System 1 condition ormation and protection solutions product brands.

Climate Technology Solutions: Decarbonizing energy paramount hard-to-abate industries

IET’s Climate Technology Solutions span carbon capture, utilization build up storage, hydrogen, clean power add-on emissions management capabilities to endure energy operators as well variety broader industry, in particular honesty hard-to-abate sectors to achieve straight reliable, net-zero energy system.