Baker Hughes announces executive changes as Ganesh Ramaswamy resigns

Baker Hughes Co (NASDAQ:BKR) reported that Ganesh Ramaswamy has resigned from his position as Executive Vice President, Industrial & Energy Technology, effective October 7, to pursue another opportunity. The company disclosed the leadership change in a statement released Tuesday, based on its filing with the Securities and Exchange Commission.

According to the filing, Maria Claudia Borras, age 56, will assume the role of Executive Vice President, Industrial & Energy Technology on an interim basis starting October 24. Borras will also continue in her current position as Chief Growth and Experience Officer. The company stated that Borras is responsible for driving enterprise growth and enhancing customer experience, as well as leading commercial, regional, and marketing organizations.

Borras has more than 30 years of experience with Baker Hughes and the energy technology sector. She previously served as Executive Vice President of Oilfield Services & Equipment from 2022 to 2024, and as Executive Vice President of Oilfield Services from 2017 to 2022.

The company noted that there are no arrangements or understandings between Borras and any other person related to her appointment as an officer. Additionally, there are no family relationships between Borras and any director or executive officer of the company, and she is not involved in any transactions requiring disclosure under SEC regulations.

Baker Hughes expressed gratitude to Ramaswamy for his contributions and wished him success in his future endeavors. The information in this article is based on a press release statement and the company’s recent SEC filing.

In other recent news, Baker Hughes has been active with several significant developments. Chart Industries shareholders have approved the company’s acquisition by Baker Hughes, allowing Chart shareholders to receive $210.00 per share in cash once the transaction is finalized. UBS has raised its price target for Baker Hughes to $48.00, maintaining a Neutral rating and anticipating the company will exceed its EBITDA guidance midpoint for the eleventh consecutive quarter in its upcoming third-quarter 2025 results. In addition, Baker Hughes has secured a contract with Bechtel Energy Inc. to supply liquefaction equipment for the Port Arthur LNG Phase 2 project in Texas, which includes the provision of gas turbines and compressors.

Furthermore, Baker Hughes has won a significant contract with Petrobras to supply up to 50 subsea tree systems for offshore oil and gas fields in Brazil. The company will also extend its multi-year agreement with Petrobras for the deployment of its Blue Marlin and Blue Orca stimulation vessels, which provide chemical treatments to enhance well productivity. These developments underscore Baker Hughes’ ongoing engagements in strategic projects and collaborations within the energy sector.

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