Baker Hughes, a global energy technology company, has announced the appointment of Ahmed Moghal as Chief Financial Officer. Previously serving as CFO for the Industrial & Energy Technology (IET) business, Moghal brings over two decades of experience to the role. His appointment follows the departure of Nancy Buese, who will transition into a Strategic Adviser role before departing the company in April 2025. Lorenzo Simonelli, Chairman and CEO of Baker Hughes, noted that Moghal’s deep domain knowledge across multiple business segments, as well as his proven track record in driving strong financial performance, makes him the ideal candidate for the CFO role. Throughout his time with the company, Moghal has played an instrumental role in improving free cash flow and enhancing capital allocation strategies. His leadership has been integral to the company’s transformation, particularly in improving margins and driving operational efficiency.
Moghal’s career spans several industries, and his expertise was further honed during his tenure at General Electric. He held roles in financial planning and analysis prior to the merger between Baker Hughes and GE Oil & Gas in 2017. As CFO, Moghal will continue supporting the company’s strategy to drive profitable growth, particularly across the natural gas, LNG, and energy sectors. With a strong financial outlook for 2025, Baker Hughes is focused on delivering solid EBITDA growth, enhancing margins, and returning a significant portion of free cash flow to shareholders.
