Baker Hughes Chairman Chad Deaton to Retire, Martin Craighead to Assume Role

Fri Jan 25, 2013 6:56pm EST

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HOUSTON,  Jan. 25, 2013  /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI)
announced today that  Chad Deaton  will retire from Baker Hughes on  April 25,
2013  at the Company's Annual Meeting and that  Martin Craighead  will become
Chairman in addition to his current role as President and Chief Executive
Officer (CEO).  

John Riley, Lead Director of the Baker Hughes Board, said "Chad has provided
more than eight years of exceptional leadership to Baker Hughes and its
employees throughout the world.  He has helped transform the company into one of
the strongest companies in the marketplace as a leader in technology with a
highly talented workforce.  Martin has already demonstrated exemplary skill and
vision in his tenure as CEO."

"It will be an honor to succeed Chad as Chairman," said Craighead.  "Baker
Hughes' remarkable  employees combined with our best-in-class products and
innovative solutions for the oil and gas industry allows us to further enhance
our success in delivering value to our customers and stockholders."

Deaton joined Baker Hughes in 2004 serving as Chairman, President, and CEO until
 January 2012, when he assumed the role of Executive Chairman.  Craighead began
working with the company in 1986, and has served as President and CEO since
January 2012.  He was appointed Chief Operating Officer in 2009 and President in

"I am confident that with Martin, Baker Hughes has the optimal leadership for
the future," Deaton said. "Martin is an outstanding leader with proven skills in
both the commercial and technological realms. The Board of Directors has made an
excellent choice, and I am confident that Martin's knowledge of our business and
the industry will greatly benefit our investors, customers and employees for
many years to come."

Craighead has a Bachelor of Science degree in Petroleum and Natural Gas
Engineering from  Pennsylvania State University  and a Master of Business
Administration degree from  Vanderbilt University. The recipient of the 2010 C.
Drew Stahl Distinguished Achievement Award at  Pennsylvania State University,
Craighead serves his community in a variety of charitable organizations.

As Baker Hughes' CEO, Craighead oversees operations in more than 80 countries
and more than 58,000 employees. Baker Hughes is a leading supplier of oilfield
services, products, technology and systems to the worldwide oil and natural gas
industry.  Baker Hughes helps customers find, evaluate, drill, produce,
transport and process hydrocarbon resources. For more information on Baker
Hughes' century-long history, visit


 Media Relations:     Teresa Wong, +1.713.439.8110,      
 Investor Relations:  Trey Clark, +1.713.439.8039,        
                      Eric Holcomb, +1.713.439.8822,  

SOURCE  Baker Hughes Incorporated

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