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Baker Hughes Executive Compensation (FY25)

BKR · Executive and director compensation, fiscal 2024 to 2025

The paid brief on Baker Hughes

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 20, 2026Latest filing (8-K): May 19, 2026
10 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Baker Hughes brief$1,500Get the executive brief
216 figures on this page: 208 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Lorenzo Simonelli
Median of the other named officers
$4,947,206
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 19, 2026
Chief executive pay ratio
◇
To the median employee

More on Baker Hughes

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Lorenzo Simonelli: $19,897,221 → $21,363,825 (7.4% higher)
Say-on-pay support: 92.9% → 92.8% (0.1 points lower)
CEO pay ratio: 269:1 → 310:1 (15.2% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Baker Hughes' chief executive and what were they paid?
Lorenzo Simonelli was paid $21,363,825 in total compensation as Chairman, President and CEO for fiscal 2025. Compared with the $19,897,221 reported for fiscal 2024, Simonelli's total was 7.4% higher.
What was Baker Hughes' say-on-pay result?
The say-on-pay proposal drew 92.8% of votes cast for or against in favor at the meeting held May 19, 2026 for fiscal 2025.
Which companies are in Baker Hughes' peer group?
Companies named in the disclosed peer group include 3M Company, Caterpillar Inc., ConocoPhillips, Cummins Inc. and Danaher Corporation, among others.
What is Baker Hughes' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 310:1, against median employee compensation of $68,720.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lorenzo Simonelli
Chairman, President and CEO
◇—◇—◇◇◇◇†
Georgia Magno
Chief Legal Officer
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lorenzo Simonelli
Chairman, President and CEO
◇—◇—◇◇◇◇
Nancy Buese
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇◇————◇◇
Maria Claudia Borras
Chief Growth & Experience Officer & EVP–IET (Interim)
◇—◇—◇◇◇◇
Ahmed Moghal
Chief Financial Officer
◇—◇—◇◇◇◇
Amerino Gatti
Executive Vice President–OFSE
◇—◇—◇◇◇◇
Ganesh Ramaswamy
Former Executive Vice President–IET
Departed during or after this year
◇—◇——◇◇◇
Georgia Magno
Chief Legal Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Ahmed MoghalRSU◇——◇——◇
Ahmed MoghalPSU◇—◇—◇—◇
Ahmed MoghalPSU◇—◇—◇—◇
Ahmed MoghalRSU◇——◇——◇
Amerino GattiRSU◇——◇——◇
Amerino GattiPSU◇—◇—◇—◇
Ganesh RamaswamyRSU◇——◇——◇
Ganesh RamaswamyPSU◇—◇—◇—◇
Georgia MagnoPSU◇—◇—◇—◇
Georgia MagnoRSU◇——◇——◇
Lorenzo SimonelliPSU◇—◇—◇—◇
Lorenzo SimonelliRSU◇——◇——◇
Maria Claudia BorrasRSU◇——◇——◇
Maria Claudia BorrasPSU◇—◇—◇—◇
Nancy BuesePSU◇—◇—◇—◇
Nancy BueseRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Maria MagnoOption◇—◇1/23/2029
Option◇—◇1/22/2028
Option◇—◇7/31/2027
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Lorenzo SimonelliOption◇—◇8/1/2027
RSU◇◇——
Option◇—◇1/22/2028
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Nancy BuesePSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
W. Geoffrey Beattie
◇◇———◇◇
Gregory D. Brenneman
◇◇———◇◇
John G. Rice
◇◇———◇◇
Mohsen M. Sohi
◇◇———◇◇
Cynthia B. Carroll
◇◇————◇
Michael R. Dumais
◇◇————◇
Shirley A. Edwards
◇◇————◇
Abdulaziz M. Al Gudaimi
◇◇————◇
Lynn L. Elsenhans
◇—————◇
Ilham Kadri and Lorenzo Simonelli served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 3M Company MMM
  • Caterpillar Inc. CAT
  • ConocoPhillips COP
  • Cummins Inc. CMI
  • Danaher Corporation DHR
  • Deere & Company DE
  • Devon Energy Corporation DVN
  • Eaton Corporation plc ETN
  • Emerson Electric Co. EMR
  • EOG Resources, Inc. EOG
  • GE Vernova GEV
  • General Dynamics Corporation GD
  • Halliburton Company HAL
  • Honeywell International Inc. HON
  • Illinois Tool Works Inc. ITW
  • International Paper Company IP
  • Johnson Controls International plc JCI
  • L3Harris Technologies, Inc. LHX
  • Northrop Grumman Corporation NOC
  • NOV Inc. NOV
  • Occidental Petroleum Corporation OXY
  • PACCAR Inc. PCAR
  • Parker-Hannifin Corporation PH
  • Quanta Services PWR
  • Schlumberger Limited SLB
  • TechnipFMC plc FTI
  • Textron Inc. TXT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 19, 2026=◇◇◇
2024May 20, 2025=◇◇◇
2023May 13, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2020May 14, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2017May 11, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Baker Hughes disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Baker Hughes sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
216 figures on this page: 208 cited to the filing that reported them, 8 calculated from figures it prints.
208 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001193125-26-231070
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-130309
    CEO Pay Ratio Disclosure · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 0001193125-25-125136
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-067674
    Summary compensation table
  5. 0001193125-24-140585
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001701605-23-000056
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0000950103-22-008702
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001701605-21-000072
  9. 0000950103-20-009655
  10. 0001701605-18-000065
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Baker Hughes executive compensation, FY2024–FY2025.” https://intel.velarion.ai/comp/BKR (accessed 2026).
Short form: data: Velarion

The paid brief for Baker Hughes

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
10 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Baker Hughes discloses

The companies named in BKR's own disclosed peer group.

3M CompanyCaterpillar Inc.ConocoPhillipsCummins Inc.Danaher CorporationDeere & CompanyDevon Energy CorporationEaton Corporation plcEmerson Electric Co.EOG Resources, Inc.GE VernovaGeneral Dynamics CorporationHalliburton CompanyHoneywell International Inc.Illinois Tool Works Inc.International Paper CompanyJohnson Controls International plcL3Harris Technologies, Inc.Northrop Grumman CorporationNOV Inc.Occidental Petroleum CorporationPACCAR Inc.Parker-Hannifin CorporationQuanta Services

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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