Baker Hughes (BKR) early Monday said it was promoting Ahmed Moghal to be the company's chief financial officer.
He succeeds Nancy Buese, who is stepping down by mutual agreement, effective immediately.
Moghal was most recently CFO of the oilfield-services company's industrial and energy technology unit.
The company also Monday reaffirmed its Q1 and fiscal 2025 outlook provided during its Jan. 31 conference call, including its forecast expecting a 20% increase in 2025 earnings before interest, taxes, depreciation and amortization for its oilfield services and equipment subsidiary and its industrial and energy technology unit in 2026 as well as committing to return 60% to 80% of its free cash flow to shareholders.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.