Baker Hughes Co CEO Lorenzo Simonelli's 2019 pay slips 6% to $14.9M
Baker Hughes Co reports 2019 executive compensation
By ExecPay News
Published: March 26, 2020
Baker Hughes Co reported fiscal year 2019 executive compensation information on March 26, 2020.
In 2019, five executives at Baker Hughes Co received on average a compensation package of $6.9M, a 8% decrease compared to previous year.
Lorenzo Simonelli, Chief Executive Officer, received $14.9M in total, which decreased by 6% compared to 2018. 44.87% of Simonelli's compensation, or $6.7M, was in stock awards. Simonelli also received $1.9M of change in pension value and nonqualified deferred compensation earnings, $2.2M in non-equity incentive plan, $2.2M in option awards, $1.4M in salary, as well as $459.6K in other compensation.
Brian Worrell, Chief Financial Officer, received a compensation package of $7.1M, which decreased by 2% compared to previous year. 36.65% of the compensation package, or $2.6M, was in stock awards.
Derek Mathieson, Chief Marketing & Technology Officer, earned $4.5M in 2019, a 3% increase compared to previous year.
Maria Claudia Borras, Executive Vice President--OFS, received $4.2M in 2019, which decreases by 27% compared to 2018.
Roderick Christie, Executive Vice President--TPS, earned $4M in 2019, a 8% decrease compared to previous year.