---
schema_version: "secwatch.filing_event.v1"
accession: "0001701605-22-000129"
form_type: "8-K"
ticker: "BKR"
cik: "0001701605"
company_name: "Baker Hughes Co"
filed_at: "2022-09-06T23:59:59+00:00"
generated_at: "2026-06-23T15:31:36.794989+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Baker Hughes restructures into two segments, expects $150M cost savings; Saunders departs

## Summary
- Two new segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET), effective Oct 1.
- Expects at least $150 million in cost reductions to enhance profitability and shareholder value.
- Neil Saunders departing; transition duties to other management personnel.
- Maria Claudia Borras leads OFSE, Rod Christie leads IET; Jim Apostolides in new operational excellence role.

## SEC filing metadata
- accession: 0001701605-22-000129
- form_type: 8-K
- ticker: BKR
- cik: 0001701605
- company_name: Baker Hughes Co
- filed_at: 2022-09-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1701605/000170160522000129/0001701605-22-000129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/808362/000170160522000129/bkr-20220906.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001701605-22-000129
- JSON: https://secwatch.observer/filing/0001701605-22-000129.json
- Plain text: https://secwatch.observer/filing/0001701605-22-000129.txt

## Key facts
- Executive change
  Neil Saunders departed as other_named_officer at Baker Hughes Co.
  - Action: departing
  source text: In connection with today’s announcement of Baker Hughes Company’s (the “Company”) restructuring and simplifying of its organizational structure, Neil Saunders will be departing the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1701605/000170160522000129/0001701605-22-000129-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.