Baker Hughes Names Wil Faubel Centrilift President

HOUSTON--(BUSINESS WIRE)--May 18, 2001--Baker Hughes Incorporated (NYSE:BHI)(PCX:BHI)(EBS:BHI) announced today that Wil Faubel, 45, has been appointed president of Centrilift, the company's electric submersible pump business, effective immediately. Mr. Faubel replaces Joe Brady who has retired from the company.

Mr. Faubel, a Baker Hughes employee of 24 years, started with the company as a field engineer for Hughes Christensen in 1977. Since then he has held a variety of sales and management positions in both domestic and international regions. In 1994, he was appointed vice president of marketing for Hughes Christensen and has helped propel that business to record levels of profitability. Mr. Faubel received a Bachelor of Science degree in mechanical engineering from Southern Methodist University.

Michael E. Wiley, Baker Hughes chairman, president and chief executive officer, commented, "The experience Wil has gained from his accomplished tenure at Hughes Christensen will serve him well in his new position at Centrilift. His leadership will be instrumental as Centrilift seeks to improve upon its history of strong customer service and record financial performance."

Mr. Wiley continued, "It was under the direction of Joe Brady that Centrilift became a leader in the electrical submersible pump industry. I join the rest of the Baker Hughes organization in thanking Joe for his efforts and wishing him the best in his 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

--30--BMD/ho*

CONTACT: Baker Hughes Incorporated, Houston
Gary R. Flaharty, 713/439-8039
gary.flaharty@bakerhughes.com
or
Kyle J. Leak, 713/439-8042
kyle.leak@bakerhughes.com