Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 20

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 20
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 at this Annual Meeting other than Mr. Simonelli meet these independence requirements and that all members of these committees meet the relevant committee independence requirements. When considering the independence of Mohsen M. Sohi, the Board recognized that Dr. Sohi serves as the Chief Executive Officer of Freudenberg and Co. (“Freudenberg”), a company that enters into purchase and sale transactions with us from time to time that may exceed $120,000 in the aggregate annually. The Board also considered that such transactions have historically been made in the ordinary course by each of the Company and Freudenberg with terms in line with those offered to other third parties. Additionally, our Governance & Corporate Responsibility Committee has determined that Dr. Sohi has no direct or indirect material interest in these transactions. Freudenberg has publicly announced that Dr. Sohi is retiring as its Chief Executive Officer on June 30, 2025. When considering the independence of Cynthia B. Carroll, the Board noted that Ms. Carroll’s son is employed by us. He is not one of our executive officers, and his 2024 compensation did not require disclosure as a related person transaction. He is emancipated and does not share Ms. Carroll’s household and our Governance & Corporate Responsibility Committee has determined that Ms. Carroll does not have a direct or indirect material interest in his compensation. The Board’s leadership structure Our Governance Principles require the election of a Lead Independent Director who leads meetings of the independent directors and regularly meets with the Chairman/CEO for a discussion of matters arising from these meetings.

| Lead independent director duties:                |     |                                                                                                                                                                                                                                                                                                                                                                                            |     |                                                                                                                                                                                                                                                                                                                                                                                                                       |
| W. Geoffrey Beattie Lead Independent Director(1) |     | •  reviews the agenda, schedule, and information sent to the directors for Board meetings   •  works with the Chairman/CEO to propose an annual schedule of major discussion items   •  leads meetings of the independent directors and regularly meets with the Chairman/CEO for a discussion of matters arising from these meetings   •  develops and leads the Board evaluation process |     | •  calls additional meetings of the independent directors or the entire Board as deemed appropriate   •  provides leadership to the Board if circumstances arise in which the role of the Chairman/CEO may be, or may be perceived to be, in conflict   •  serves as a liaison on Board-related issues between the Chairman/CEO and the independent directors