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Baker Hughes (BKR) Appoints Georgia Magno as Chief Legal Officer

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Baker Hughes Company (BKR - Free Report) ), a leading energy technology company, appointed Georgia Magno as its chief legal officer, effective Jan 1, 2024. Magno, who brings 20 years of management and legal expertise to the role, will be tasked with overseeing the company’s legal and regulatory affairs, corporate governance and compliance functions.

In her most recent position, Magno served as the vice president and general counsel for Baker Hughes’ Industrial & Energy Technology business segment.

In a statement released by the company earlier this week, Magno's extensive experience and proven leadership abilities were highlighted by Lorenzo Simonelli, chairman and CEO of Baker Hughes. Simonelli stated that Magno’s appointment was an important step in the continued strategy to strengthen Baker Hughes’ growth within the energy and industrial markets.

Magno has been associated with Baker Hughes since 2010. She initially served as the general counsel for the global supply chain before assuming various legal roles across commercial, operational and product line organizations in multiple countries, including Italy and the United States. Prior to joining BKR, she gained international litigation experience with prestigious law firms like Cleary Gottlieb, Weil and Gotshal & Manges LLP.

Magno is a member of the New York Bar, holding a Master of Laws degree from Harvard Law School and a Juris Doctor from the University of Bologna. She was also a visiting researcher at the Wharton School in the University of Pennsylvania. Baker Hughes views Magno's appointment as integral to its broader mission.

Zacks Rank & Key Picks

Currently, Baker Hughes carries a Zack Rank #3 (Hold).

Some better-ranked stocks in the energy sector are The Williams Companies, Inc. (WMB - Free Report) , EOG Resources, Inc. (EOG - Free Report) and Liberty Energy Inc. (LBRT - Free Report) . While Williams Companies sports a Zacks Rank #1 (Strong Buy), both EOG Resources and Liberty Energy carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Williams Companies is well-positioned to capitalize on the anticipated substantial long-term growth in U.S. natural gas demand, thanks to its impressive portfolio of large-scale projects that create significant value. The company’s debt maturity profile is in good shape with its $4.5 billion revolver maturing in fiscal 2023.

WMB’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 13.68%.

EOG Resources is an energy exploration and production company with an attractive growth profile, upper-quartile returns and a disciplined management team. With highly productive acreages in premier oil shale plays like the Permian and Eagle Ford, the company has numerous untapped high-quality drilling sites. 

EOG’s earnings beat estimates in three of the trailing four quarters and missed once, delivering an average surprise of 9.17%.

Liberty Energy is a North American provider of hydraulic fracturing services to upstream energy operators. The company’s multi-basin presence offers an attractive upside opportunity compared with most of its peers. Its strong relationship with high-quality customers provides revenue visibility and business certainty.

LBRT’s earnings beat estimates in three of the trailing four quarters and missed once, delivering an average surprise of 9.88%.

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