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Issue 18/2022 - Baker Hughes will simplify the company's organizational structure

 Last Update: 2022-11-12
 Source: Internet
 Author: User

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Recently, Baker Hughes, the world's third-largest oilfield services company, said that it will simplify the company's organizational structure from October 1, reducing the number of business units from four to two
.
The organizational simplification is expected to save at least $150 million
.

Baker Hughes said that the oilfield services and oilfield equipment divisions will be merged into the oilfield services and equipment division, with Maria Claudia Boras as the executive vice president of the division; The Turbomachinery and Process Solutions and Digital Solutions businesses were merged into the Industrial and Energy Technologies division, with Rod Christie as Executive Vice President
of the division.

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