Baker Hughes Names New Vice President of Investor Relations

HOUSTON, May 11, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today 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.

"Adam has a broad understanding of our operations based on a number of international and domestic assignments," Baker Hughes' President and Chief Executive Officer Martin Craighead said.
"We look forward to Adam's management of our diverse and complex operations in Latin America."

Before his investor relations role, Anderson held a variety of marketing and operations management roles for Baker Hughes in U.S. Land, the Gulf of Mexico, the Middle East and the company's Product Development Center. He began his career with PES/WellDynamics and served in a variety of engineering and sales positions. Anderson earned his Bachelor of Science degree in Petroleum Engineering from Colorado School of Mines and his MBA from Fuqua School of Business at Duke University.   

"Since joining Baker Hughes nearly 15 years ago as a field engineer, Trey has held a number of management roles, including leading the recent, successful implementation and accreditation of our competence management program," Craighead said. "He brings domestic and international management experience across a variety of functions."

Clark worked most recently as a director internationally and domestically in both technical and training functions. He spent four years in Europe working in a variety of roles, including as a regional director for marketing and a district manager for the United Kingdom and Continental Europe. Clark also has worked in operations and quality assurance. He received his Bachelor of Science degree in Industrial Distribution from Texas A&M.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 58,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information on Baker Hughes' century-long history, visit: www.bakerhughes.com.

SOURCE Baker Hughes Incorporated

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Baker Hughes Names Peter A. Ragauss CFO

HOUSTON, March 28 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated(NYSE: BHI; EBS) announced today that Peter A. Ragauss, 48, has been appointedsenior vice president and chief financial officer for Baker Hughes effectiveApril 26, 2006.

Mr. Ragauss currently serves as segment controller of refining andmarketing for BP plc in London, a position he has held since 2003. Prior tohis current position he served as chief executive officer of Air BP and beforethat as assistant to the group chief executive of BP. Prior to joining BP in1998 he served as vice president of finance and portfolio management for AmocoEnergy International, vice president of finance for El Paso EnergyInternational and vice president of corporate development for Tenneco Energy.

Mr. Ragauss earned a Bachelor's degree in Mechanical Engineering in 1980from Michigan State University and a Master of Business Administration fromHarvard Business School in 1987.

Chad C. Deaton, Baker Hughes chairman and chief executive officer, said,"Peter Ragauss brings a strong background in financial and corporatemanagement as he joins the Baker Hughes team. He is an experienced financialofficer, responsible for external financial reporting, Sarbanes-Oxleycompliance, and management systems for BP's refining and marketing segment.Peter is a seasoned leader, having served as CEO of Air BP's globaloperations. He has also demonstrated his strategic planning skills havingserved as assistant to the group chief executive. I am looking forward toPeter joining our management team as we continue to advance Baker Hughes as aworld-class service company."

"Steve Finley has agreed to continue with Baker Hughes through the end ofApril serving as senior vice president -- finance and administration and chieffinancial officer until Peter Ragauss assumes those responsibilities on April26, 2006. I once again want to thank Steve for his leadership and dedicationto Baker Hughes."

Baker Hughes is a leading provider of drilling, formation evaluation,completion and production products and services to the worldwide oil and gasindustry.

NOT INTENDED FOR BENEFICIAL HOLDERS

Contact:
Gary R. Flaharty (713) 439-8039
H. Gene Shiels (713) 439-8822

SOURCE: Baker Hughes Incorporated

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