• CERAWeek
  • March 18 - 22, 2024

Lorenzo Simonelli

Baker Hughes

Chairman & Chief Executive Officer

Lorenzo Simonelli is Chairman and CEO of Baker Hughes (NASDAQ:BKR). Baker Hughes is an energy technology company that combines innovation, expertise and scale to provide solutions for energy and industrial customers worldwide. Simonelli was named Chairman of the Board in October 2017 and has been President and CEO since the Company’s creation in 2017, where he oversaw the successful merger of GE Oil & Gas with Baker Hughes Inc. Since 2013, he served as President and CEO of GE Oil & Gas. Previously, Simonelli served as President and CEO of GE Transportation, a global transportation leader in the rail, mining, marine and energy storage industries. During his five-year tenure, he expanded and diversified GE Transportation by focusing on advanced technology manufacturing, intelligent control systems, and a diverse approach to new propulsion solutions. He has also served as CFO Americas for GE Consumer & Industrial, as well as General Manager, Product Management for GE Appliances, Lighting, Electrical Distribution and Motors. Simonelli joined GE’s Financial Management Program in 1994, where he worked on assignments in GE International, GE Shared Services, GE Oil & Gas, and Consolidated Financial Insurance. He currently serves on the Board of Iveco Group N.V. He served on the Board of C3.ai, Inc. from 2020-2021 and on the Board of CNH Industrial N.V. from 2019-2021. Originally from Tuscany, Italy, Simonelli is a Business & Economics Graduate from Cardiff University in South Wales. He is married and resides in Houston.

Sessions With Lorenzo Simonelli

Monday, 6 March

  • 09:15am - 09:55am (CST) / 06/mar/2023 03:15 pm - 06/mar/2023 03:55 pm

    Dual Challenge: Accelerating energy transition while ensuring energy security

    Energy Transition/Climate & Sustainability
    The global consensus around the need for an emissions-focused energy transition has become consistently stronger. Yet challenges to achieving it have also become more evident. One challenge is obvious—the uncertain pace of technological development and deployment and the timing required to reach scale. The need for energy security was a concern that had largely faded over the past several years. The energy shock, the economic hardship that ensued, skyrocketing energy prices that could not have been imagined 18 months ago and geopolitical competition and conflicts—have all combined to bring energy security back to the fore. In retrospect, there cannot be energy transition without energy security. In this conversation, the panelists will address the following questions: Is the current energy crisis the first crisis of energy transition? And how should future shocks be avoided? What would a balanced and orderly transition look like? Will the focus on energy security speed up or slow down this energy transition? Is there too much optimism on scale-up and deployment of technologies such as CCUS, hydrogen and long-duration storage? What would you recommend to move this conversation outside the room of the energy cognoscenti—to engage broader public stakeholder groups..