HOUSTON, Feb. 25 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated
(NYSE: BHI) announced today that Martin S. Craighead, 49, has been appointed
Senior Vice President and Chief Operating Officer and is expected to assume
his new duties on April 30, 2009. In this position, he will report to Chad C.
Deaton, President, Chairman and Chief Executive Officer of Baker Hughes.
Baker Hughes also announced that David H. Barr, 59, will retire from the
company on April 30, 2009.
"Martin brings over 27 years of experience to the COO position. He has
demonstrated his leadership skills at Baker Atlas, INTEQ, and most recently as
President of our Drilling and Evaluation Group. Martin is a strong leader and
motivator and brings experience and a record of achievement in both
international and North America operations to the position," said Chad Deaton,
President, Chairman and Chief Executive Officer of Baker Hughes.
"David has had a distinguished career spanning 36 years in the industry
with most of it at Baker Hughes. He joined Hughes Tool Company in 1972 and
has served the company in a variety of roles spanning manufacturing,
operations, engineering, and product management. He served as the original
architect and executive manager of Project Renaissance, President of Baker
Atlas, and Group President Drilling and Evaluation in addition to his current
position as Group President Completion and Production. We wish David well on
the accomplishment of this milestone and on his upcoming retirement."
Martin S. Craighead will become Senior Vice President and Chief Operating
Officer on April 30, 2009. Mr. Craighead was named Group President, Drilling
and Evaluation in March 2007. He served as the President of INTEQ from August
2005 through March 2007 and President of Baker Atlas from February 2005
through August 2005. Mr. Craighead joined the company in 1986 and has served
Western Atlas and Baker Atlas in a number of operational positions, including
assignments in Canada, Latin America, and Asia; as well as Vice President of
Worldwide Operations for Baker Atlas from 2003 to 2005. Before he joined
Baker Hughes, he was employed as a Research Engineer at BJ Services. He earned
a Bachelor of Science degree from Pennsylvania State University in Petroleum
and Natural Gas Engineering and a Master of Business Administration from
Baker Hughes provides reservoir consulting, drilling, formation
evaluation, completion and production products and services to the worldwide
oil and gas industry.
NOT INTENDED FOR BENEFICIAL HOLDERS
Gary R. Flaharty (713) 439-8039
H. Gene Shiels (713) 439-8822
SOURCE Baker Hughes Incorporated
/CONTACT: Gary R. Flaharty, +1-713-439-8039, or H. Gene Shiels,
+1-713-439-8822, both of Baker Hughes Incorporated/
/Web Site: http://www.bakerhughes.com /
CO: Baker Hughes Incorporated
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2718 02/25/2009 17:37 EST http://www.prnewswire.com