Baker Hughes Names New Chief Technology Officer

HOUSTON, Aug. 28, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) has named Dr. Mario Ruscev as the global oilfield service company's new Chief Technology Officer.

Dr. Ruscev joins Baker Hughes from Geotech Seismic Services, a Russian seismic company, where he served as Chief Executive Officer. His career includes more than three decades of technology and operations experience in the oilfield services industry.

"We are pleased that Mario is joining Baker Hughes and in this new role, we expect that he will continue unleashing the potential of our strong technical talent and ongoing, ambitious research and development agenda," Baker Hughes' President and Chief Executive Officer Martin Craighead said. "Mario's technical background and experience make him the right individual for this important role within our global company as we create value by anticipating, understanding and exceeding our customers' technology expectations."

Dr. Ruscev's previous experience includes serving as the Chief Executive Officer of a global semiconductor testing equipment manufacturer utilizing nanotechnology and more than two decades in oilfield services. He has led a number of teams whose work has significantly advanced the success of wireline logging tools, seismic resolution and measurement capabilities and underground water management and carbon sequestration. Dr. Ruscev earned his doctorate in Nuclear Physics from the Pierre and Marie Curie University in Paris and his Ph.D. in Nuclear Physics from Yale University. He is a Director of the Global Carbon Capture and Storage Institute.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 58,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information on Baker Hughes' century-long history, visit: www.bakerhughes.com.

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