| CEO Name | Lorenzo Simonelli |
| Nationality | Italy |
| Net Worth Estimation | $60 million |
Lorenzo Simonelli's estimated net worth of around $60 million is largely attributed to his annual compensation package as CEO of Baker Hughes, stock awards, and accumulated shares in the company. His financial profile also benefits from prior executive roles at General Electric, equity grants, bonuses, and stock performance increases.
Lorenzo Simonelli, CEO of Baker Hughes, has an estimated net worth of $60,000,000, placing him at 67% between the minimum and maximum net worth range for engineering CEOs ($10,000,000-$90,000,000). His financial standing is well above the industry's minimum benchmark, highlighting significant success in his field.
Business Category: Engineering
Minimum Net Worth (estimation): 10000000 USD
Maximum Net Worth (estimation): 90000000 USD
Lorenzo Simonelli Performance in Baker Hughes
Lorenzo Simonelli, CEO of Baker Hughes, exemplifies transformational leadership by driving innovation and operational efficiency in energy technology. His decisive strategy focuses on digital transformation and sustainability, significantly enhancing Baker Hughes' market competitiveness. Under Simonelli's leadership, the company achieved strong financial performance and expanded its global footprint, solidifying its role in the energy transition.
Latest News
Baker Hughes Reports Strong Q3 2025 Growth; CEO Lorenzo Simonelli Highlights Gas and Energy Transition Focus
In Q3 2025, Baker Hughes posted $7 billion revenue and a 9% EPS increase, driven by growth in LNG and industrial energy tech despite oilfield services softness. CEO Lorenzo Simonelli emphasized the strategic pivot to natural gas and energy transition technologies, underscored by a $300 million investment in Italy for manufacturing and R&D expansions to support global energy demand and sustainability goals.
Source: http://energynewsbeat.co/baker-hughes-company-announces-third-quarter-2025-results/