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.
Average pay of disclosed executives at Baker Hughes Co
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 &amp 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.

Related executives

Lorenzo Simonelli

Baker Hughes Co

Chief Executive Officer

Brian Worrell

Baker Hughes Co

Chief Financial Officer

Maria Borras

Baker Hughes Co

Executive Vice President--OFS

Roderick Christie

Baker Hughes Co

Executive Vice President--TPS

Derek Mathieson

Baker Hughes Co

Chief Marketing &amp Technology Officer

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Source: SEC filing on March 26, 2020.