Baker Hughes Again Named to Fortune’s Modern Board 25 List, Moves Up Rankings

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Baker Hughes, an energy technology company, has been named to Fortune's Modern Board 25 list, ranking at No. 5, up one spot from last year. The ranking is based on criteria such as expertise, independence, diversity, and tenure of board membership. Baker Hughes credits strong governance for its ability to grow sustainably during the energy transition.

HOUSTON, TX / ACCESSWIRE / May 12, 2023 / Baker Hughes, an energy technology company, was again named to the Fortune's Modern Board 25, a list of the most innovative boards of directors among S&P 500 companies. This year, Baker Hughes comes in at No. 5, up one spot from 2022.

Fortune collaborated with the Diligent Institute, the research arm and think tank of the global corporate-governance software company Diligent, to develop the ranking - based on criteria that include the expertise, independence, diversity, and tenure of board membership. Using information gathered by Diligent and ESG data from Refinitiv to quantify board success across several dimensions, the ranking measures board independence, sustainability, diversity, financial performance and more.

"We are proud to once again appear on Fortune's Modern Board 25 list, a testament to the breadth and strength of our Board's expertise. Strong governance is fundamental to our ability to grow sustainably as we transform our company and industry throughout the energy transition," said Baker Hughes Chairman and CEO Lorenzo Simonelli. "I thank our Board and shareholders for their unwavering commitment to and support of our strategy as we take energy forward."

Read what Fortune wrote about the Baker Hughes Board and view the full list here.

For more information, please contact:

Media Relations
Adrienne M. Lynch
+1 713-906-8407
adrienne.lynch@bakerhughes.com

View additional multimedia and more ESG storytelling from Baker Hughes on 3blmedia.com.

Contact Info:
Spokesperson: Baker Hughes
Website: https://www.3blmedia.com/profiles/baker-hughes
Email: info@3blmedia.com

SOURCE: Baker Hughes

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FAQ

What is Baker Hughes known for?

Baker Hughes is an energy technology company.

What is Fortune's Modern Board 25 list?

Fortune's Modern Board 25 is a list of the most innovative boards of directors among S&P 500 companies.

What is the ranking of Baker Hughes on the list?

Baker Hughes ranks at No. 5 on the Modern Board 25 list, up one spot from the previous year.

How is the ranking determined?

The ranking is determined based on criteria such as expertise, independence, diversity, and tenure of board membership.

What does Baker Hughes credit for its sustainable growth?

Baker Hughes credits strong governance for its ability to grow sustainably during the energy transition.