Baker Hughes said it appointed Ahmed Moghal as Executive Vice President and Chief Financial Officer on February 24, 2025. Nancy Buese, by mutual agreement with the company, ceased to serve as chief financial officer the same day and will serve in an advisory role through April 30, 2025.

1. 01

   Baker Hughes said it appointed Ahmed Moghal as Executive Vice President and Chief Financial Officer on February 24, 2025. Nancy Buese, by mutual agreement with the company, ceased to serve as chief financial officer the same day and will serve in an advisory role through April 30, 2025.

2. 02

   The company said Moghal will receive a base salary of $750,000 and a target bonus of 100% of base salary, and that it will grant him promotion-related "top-up" equity awards with a grant date value of $2,155,000.

3. 03

   The company said it treated Buese's departure as a termination without cause and will provide 12 months of base salary as a lump-sum payment and 12 months of outplacement services. It also said it will pay her a monthly advisory fee of $200,000 through April 30.

4. 04

   Baker Hughes reaffirmed its January 31, 2025 first-quarter outlook for Q1 and its full-year 2025 outlook. The company also said it plans to return 60% to 80% of free cash flow to shareholders.

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Original filing

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