Baker Hughes Says Hello to New Board Member

Baker Hughes' President and Chief Operating Officer Martin Craighead has been appointed to the Baker Hughes Board of Directors, effective August 1, 2011.

On April 28, 2011, Baker Hughes announced that effective Jan. 1, 2012, Martin Craighead will succeed Chad Deaton as Chief Executive Officer, becoming CEO and President of Baker Hughes at that time.

"For over 25 years, Martin has been a highly effective contributor at Baker Hughes and I have full confidence that his leadership and strategic vision will continue to carry Baker Hughes forward as a leading oil and natural gas services company," said Chad Deaton, Chairman of the Board and CEO. "Naming Martin to our Board of Directors supports our transition process as he takes on the CEO role in January."

"On behalf of the entire Board, I welcome Martin joining the Baker Hughes Board of Directors," said H. John Riley, Lead Director. "For the past seven years Chad Deaton has grown the company and delivered excellent performance. We look forward to building on that legacy as Martin assumes leadership of the organization in 2012."

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