Baker Hughes announces management changes

Baker Hughes Inc. has made three changes to its executive team.

Offshore staff

HOUSTON--Baker Hughes Inc. has made three changes to its executive team.

David H. Barr has been appointed VP and group president, Baker Hughes Completion and Production. He reports to James R. "Rod" Clark, president and COO. Barr replaces Douglas J. Wall who has resigned.

Barr began his with Hughes Tool Co. in 1972 after completing his BS in mechanical engineering at Texas Tech University. He has served in various manufacturing, marketing, engineering and product management functions. Barr was named group president, Drilling and Evaluation in 2005 after serving as president of Baker Atlas since 2000.

Martin S. Craighead has been appointed VP and group president, Baker Hughes Drilling and Evaluation, reporting to Clark. Craighead replaces Barr. Craighead had been president of INTEQ since 2005. He joined the company in 1986 and held operations positions in Canada, Latin America and Asia, including VP of worldwide operations from 2003 to 2005 and president of Baker Atlas since 2005. Craighead earned a BS from Pennsylvania State University in Petroleum and Natural Gas Engineering and an MBA from Vanderbilt University.

Paul S. Butero has been appointed president of INTEQ, succeeding Craighead and reports to Craighead. Butero served as president of Baker Atlas since 2006 and president of Hughes Christensen since 2005. He joined Baker Hughes in 1981 and became VP of Marketing for Hughes Christensen in 2000. He has a BS from the University of Colorado-Boulder.

"David Barr has demonstrated his leadership skills in the industry with well over 34 years of service in the industry, primarily with Baker Hughes," Rod Clark said. "The Completion and Production Group will benefit from his strong business skills and operational and manufacturing experience.

"Martin Craighead brings a strong technical background to his new role along with a growth-oriented leadership style. His extensive experience in formation evaluation and previous international assignments will be an asset to the Drilling and Evaluation Group.

"Paul Butero is a seasoned veteran whose leadership and vision for market leadership helped drive record results at Hughes Christensen and improving results at Baker Atlas. As a near term priority Paul and Martin will work together to complete the leadership team at Baker Atlas."

3/22/2007

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