Baker Hughes Appoints Ahmed Moghal Chief Financial Officer

Core Insights - Baker Hughes has appointed Ahmed Moghal as the new CFO, succeeding Nancy Buese, effective immediately [1][2][3] - The company is focused on driving profitable growth and enhancing margins as it enters the next phase of its strategic transformation [2] - Baker Hughes reaffirmed its financial outlook for Q1 and full-year 2025, projecting solid EBITDA growth and a 20% EBITDA margin for its OFSE segment in 2025 and IET segment in 2026 [2] Leadership Changes - Ahmed Moghal has been with Baker Hughes since 2023 as CFO of the Industrial & Energy Technology business and has extensive experience in financial leadership roles [3] - Nancy Buese will transition to a strategic adviser role and depart the company on April 30, 2025 [3] Strategic Focus - The company aims to leverage its IET portfolio, expand in the natural gas and LNG value chain, and enhance growth in new energy and digital businesses [2] - Baker Hughes is committed to returning 60% to 80% of free cash flow to shareholders [2]