Baker Hughes Names New Treasurer

Baker Hughes has a new person to wear green eyeshades at the company. The oil and gas industry services provider announced this morning that Mike Sumruld was appointed as its vice president and treasurer, replacing Jan Kees van Gaalen, who left last month to serve as executive VP and CFO at Dresser-Rand.

Sumruld started his career at Baker Hughes in 1998 and worked most recently as VP of financial planning and analysis in Dubai. Prior to that, Sumruld served as Baker Hughes' director of investor relations.

Baker Hughes CFO Peter Ragauss said: "Mike brings more than 20 years of diversified financial expertise, international experience, and a record of solid performance within Baker Hughes to his new role as Treasurer. We believe this depth of experience will enable him to interact very effectively with our external stakeholders."

Sumruld has held a range of financial roles covering the U.S., Latin America, and the Eastern Hemisphere as well as global financial roles covering several product lines including drill bits, drilling services, chemicals, and drilling and completion fluids. He earned his MBA at Texas A&M and his undergraduate business degree at the University of Houston.


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