Baker Hughes finalizes separation agreement with former CFO Brian Worrell; consulting role set

Baker Hughes Co

Brian Worrell transitioned from CFO to advisor on Nov 1, 2022, through April 30, 2023.
Separation agreement signed Dec 2, 2022; includes base salary, benefits, and accelerated RSU vesting from Jan 2022.
Post-termination consulting for up to 18 months at $100,000/month; termination possible after 6 months with no extra pay.
Consulting agreement includes non-compete with specified competitors for at least 6 months post-employment.

item 5.02

Executive movements

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Role change

Brian Worrell

advisor

BKR · Baker Hughes Co

Effective: 2022-11-01
Filed: December 2, 2022, 6:59 PM ET

Brian Worrell, the Company’s former Chief Financial Officer, transitioned from his prior role as Chief Financial Officer on November 1, 2022, after which he has been serving as an advisor to the Company’s Chairman and Chief Executive Officer and he will serve in that role through April 30, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Worrell changed role as advisor at Baker Hughes Co.

Action: transitioned
Role: advisor

Exact text from the filing

Brian Worrell, the Company’s former Chief Financial Officer, transitioned from his prior role as Chief Financial Officer on November 1, 2022, after which he has been serving as an advisor to the Company’s Chairman and Chief Executive Officer and he will serve in that role through April 30, 2023

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Source: SEC EDGAR

accession 0000950103-22-020716

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