HOUSTON--(BUSINESS WIRE)--March 5, 2001--Baker Hughes Incorporated (NYSE:BHI)(PCX:BHI)(EBS:BHI) announced today that James Roderick (Rod) Clark, 50, has been appointed president of Baker Petrolite, the Company's specialty chemical business, effective immediately. Mr. Clark replaces Glen Bassett who has retired.
Mr. Clark joins the Company from Consolidated Equipment Companies Inc. where he served as president and CEO. Prior to that, he served as president of Sperry-Sun, a Halliburton company. Mr. Clark has also held a variety of other financial, operational, and leadership positions with FMC Corporation, Schlumberger, Grace Energy Corporation and Halliburton. He received his bachelor's degree and MBA from the University of Texas at Austin.
Michael E. Wiley, Baker Hughes chairman, president, and chief executive officer, commented, "Because of his extensive experience in many challenging assignments over the years, Rod will be an excellent leader for Baker Petrolite. His experience will serve Baker Hughes well as he furthers Baker Petrolite's leadership position in the specialty chemical industry."
Mr. Wiley continued, "Baker Hughes owes a debt of gratitude to Glenn Bassett for the dedication and hard work he has provided to Baker Petrolite over the last 25 years. While his great leadership will be missed, we wish him a happy and active retirement."
Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.
NOT INTENDED FOR BENEFICIAL HOLDERS
|CONTACT:||Baker Hughes Incorporated, Houston|
|Gary R. Flaharty, 713/439-8039|
|Kyle J. Leak, 713/439-8042|