New Baker Hughes CEO takes charge

Craighead was most recently president and chief operating officer of Baker Hughes.

“With Martin at the helm, I am confident that Baker Hughes has the right management team going forward,” said Deaton, who will remain chairman of the Baker Hughes board of directors. “Martin is a strong leader with an excellent technical and commercial acumen. With the board of directors, we have been working on this transition for some time, and we are confident that Martin’s knowledge of Baker Hughes’ business and depth of experience within our company will serve our investors and customers well.”

As Baker Hughes’ CEO, Craighead will oversee operations in more than 80 countries, including the Centrilift pump business.