The new Drilling and Evaluation Group includes the Baker Atlas, BakerHughes Drilling Fluids, Hughes Christensen and INTEQ divisions. Martin S.Craighead has been appointed President of Baker Atlas filling the positionopened by the promotion of Mr. Barr. Paul S. Butero has been appointedPresident of Hughes Christensen succeeding Trevor M. Burgess who has left thecompany.
The new Completions and Production Group consists of the Baker Oil Tools,Baker Petrolite, and Centrilift divisions. Chris P. Beaver has been appointedPresident of Baker Oil Tools filling the position opened by the promotion ofMr. Wall.
James R. "Rod" Clark, Baker Hughes President and Chief Operating Officer,said, "Both David Barr and Doug Wall bring strong business, operational, andleadership skills to their new positions. By creating two groups, werecognize that each group is facing distinct challenges and opportunities bestaddressed with focused strategies, technologies, and capital."
Mr. Clark added, "Within the groups, the divisions will sharpen theirfocus on customer relationships, develop best-in-class technologies, anddeliver flawless execution at the manufacturing and operational level. Thenew organization will provide growth opportunities for many individuals as westrengthen our regional presence and capabilities. I am excited that we havebeen able to promote managers such as Chris Beaver, Paul Butero, and MartinCraighead who have provided excellent leadership to Baker Hughes whilepromoting our Core Values."
Chad C. Deaton, Baker Hughes Chairman and Chief Executive Officer, said,"The organizational structure announced today supports the implementation ofour long-term strategy. We are strengthening our best-in-class product-linefocus while we move closer to our global customers -- particularly thenational oil companies -- and work to improve overall enterprise efficiency."
Biographies
David H. Barr, 55, was named Group President, Drilling and Evaluation in2005 after serving since 2000 as President of Baker Atlas. Previously, he wasVice President, Supply Chain Management for Cameron division of Cooper CameronCorporation, where he served for one year. Mr. Barr began his career withHughes Tool Company in 1972 after completing his Bachelor of Science degree inmechanical engineering at Texas Tech University. His career with Baker Hughesspans 33 years in various manufacturing, marketing, engineering, and productmanagement functions. Most of his tenure has been with the Hughes Tool andHughes Christensen divisions, and he was the original architect and executivemanager of Project Renaissance.
Douglas J. Wall, 52, was named Group President, Completions and Productionin 2005. He has served as President of Baker Oil Tools since 2003. Prior to2003 Mr. Wall served as President of Hughes Christensen, a position he heldsince joining Baker Hughes in 1997. Previously, he was President of WesternRock Bit, then Hughes Christensen's distributor in Canada. Over a 20-yearperiod, Mr. Wall held a variety of senior executive positions with oilfieldservices companies in Canada. He earned a bachelor's degree from theUniversity of Calgary and a Master of Business Administration degree from theUniversity of Alberta.
Chris P. Beaver, 47, was named President of Baker Oil Tools in 2005.Prior to this appointment Mr. Beaver served as Vice President of Finance forBaker Petrolite a position he has held since 2002. Since joining Baker Hughesin 1985, Mr. Beaver has held numerous financial and accounting positions atINTEQ and Hughes Christensen in the United States and Eastern Hemisphere. Heis a member of the Institute of Chartered Accounts of Scotland and earned abachelor's degree in Economics and Accounting from the University of Newcastleand a Master of Business Administration degree from Aberdeen University.
Paul S. Butero, 48, was named President of Hughes Christensen in 2005.Mr. Butero joined Baker Hughes in 1981 and has served 24 years in a number ofoperations roles in the United States and the Eastern Hemisphere beforebecoming Vice President of Marketing for Hughes Christensen in 2000. Heearned a Bachelor of Science degree from the University of Colorado-Boulder.
Martin S. Craighead, 45, was named President of Baker Atlas in 2005. Hehas served as Vice President of Worldwide Operations for Baker Atlas since2003. He joined the company in 1986 and has served Western Atlas and BakerAtlas in a number of operational positions including assignments in Canada,Latin America, and Asia. Before he joined Baker Hughes, he was employed as aResearch Engineer at BJ Services. He earned a Bachelor of Science degree fromPennsylvania State University in Petroleum and Natural Gas Engineering and aMaster of Business Administration from Vanderbilt University.
Forward Looking Statements
This news release (and any oral statements) may contain forward-lookingstatements with in the meaning of Section 27A or the Securities Act of 1933,as amended, and Section 21E of the Securities and Exchange Act of 1934, asamended. Additional information and risk factors are contained in our Form10-K for the fiscal year ended December 31, 2003 and other filings with theSEC about the risks and uncertainties that could cause actual results to bedifferent. The company's SEC filings can be viewed athttp://www.Bakerhughes.com . The company assumes no responsibility to updateany of the information referenced in this news release.
Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gasindustry.
SOURCE Baker Hughes Incorporated
Gary R. Flaharty
+1-713-439-8039
H. Gene Shiels
+1-713-439-8822
Both of BakerHughes Incorporated
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