{{Short description|Italian businessman}} {{Use dmy dates|date=January 2020}} {{Use British English|date=October 2019}} {{Infobox person | name = Lorenzo Simonelli | image = Lorenzo Simonelli (born 1973) at World Economic Forum Davos 2024.png | caption = At the 2024 World Economic Forum | birth_name = | birth_date = {{birth year and age |1973}} | birth_place = Tuscany, Italy | death_date = | death_place = | education = Cardiff University<br> University of Florence | occupation = Businessman | known for = | networth = | title = CEO, Baker Hughes | term = February 2017- | predecessor = Martin Craighead | successor = | boards = Chairman of the U.S.-Russia Business Council. Board member of CNH Industrial and C3.ai. | spouse = | partner = | children = | parents = | relatives = | website = }}
'''Lorenzo Simonelli''' is the Chairman, President and Chief Executive Officer of Baker Hughes, an energy technology company.<ref>{{Cite web|title=Company leadership {{!}} Baker Hughes|url=https://www.bakerhughes.com/company/about-us/company-leadership?team_list=46|access-date=2021-04-26|website=www.bakerhughes.com}}</ref>
== Early life and education == Simonelli is originally from Tuscany, Italy, where his family owns a vineyard producing wine and olive oil. He moved to London with his father aged 9 <ref>{{Cite web|last=Blum|first=Jordan|last2=Hunn|first2=David|date=2017-07-08|title=Q&A: Lorenzo Simonelli on GE, new Baker Hughes, giving up family business|url=https://www.houstonchronicle.com/business/article/Q-A-GE-the-new-Baker-Hughes-and-giving-up-the-11274364.php|access-date=2021-04-26|website=Houston Chronicle|language=en-US}}</ref> and was educated at Highgate School.<ref name="HSR">{{cite book |last1=Hughes |first1=Patrick |title=Highgate School Register 1833-1988 |page=431 |edition=7th}}</ref>
Simonelli holds a Bachelor's degree in Business and Economics from Cardiff University, and he received a master's degree honoris causa in Chemical Sciences from the University of Florence in January 2016 "as an acknowledgment for his excellent managerial commitment to develop advanced research in the field of chemical sciences, with particular attention to results that have technological importance."<ref>{{Cite web|title=Laurea honoris causa a Lorenzo Simonelli {{!}} News {{!}} Università degli Studi di Firenze {{!}} UniFI|url=https://www.unifi.it/art-1653-laurea-honoris-causa-a-lorenzo-simonelli.html?newlang=ita|access-date=2021-04-26|website=www.unifi.it|language=it}}</ref><ref>{{Cite web|title=CNH Industrial - FileDownload|url=https://www.cnhindustrial.com/en-us/Pages/FileDownload.aspx?URL=https://cloudfront.cdn.cnhindustrial.com/en-us/governance/cnh_industrial_leaders/board_of_directors_documents/cv/cv_simonelli_eng_02_2020.pdf|access-date=2021-04-26|website=www.cnhindustrial.com}}</ref>
== Career == Simonelli started his career in International and Corporate Finance at Mitsubishi Bank. One of his father's friends, former GE Vice Chairman and chairman of Fiat, Paolo Fresco, advised him to look at GE's training programs.<ref>{{Cite web|last=Blum|first=Jordan|last2=Hunn|first2=David|date=2017-07-08|title=Baker Hughes CEO knows wine, seeks to blend two companies|url=https://www.houstonchronicle.com/business/energy/article/Baker-Hughes-CEO-knows-wine-seeks-to-blend-two-11274368.php|access-date=2021-04-26|website=Houston Chronicle|language=en-US}}</ref> Simonelli joined GE's Financial Management Program in 1994.<ref>{{Cite web|last=Business|first=Leonard N. Stern School of|last2=York|first2=NYU Where 44 W. 4th St 10012 New|last3=Maps|first3=NY United States See map: Google|title=Speaking about "Leadership" with Lorenzo Simonelli, Fortune's one of the top 40 under '40 most influential people|url=http://www.iitaly.org/content/speaking-about-leadership-lorenzo-simonelli-fortunes-one-top-40-under-40-most-influential|access-date=2021-04-26|website=iItaly.org|language=en}}</ref>
In 1997 Simonelli joined GE's Corporate Audit Staff and had assignments in Asia, Europe and the U.S. around both financial and process improvement areas. He progressed to be executive audit manager for European Industrial Businesses in 2001. In 2002, he joined Consumer Products as the financial planning and analysis manager. In April 2004, he became CFO Americas for Consumer & Industrial before being appointed to general manager, Product Management for Appliances, Lighting, Electrical Distribution and Motors in 2005. In 2007 he was promoted to President & CEO EMEA of GE Consumer and Industrial.<ref>{{Cite web|last=Business|first=Leonard N. Stern School of|last2=York|first2=NYU Where 44 W. 4th St 10012 New|last3=Maps|first3=NY United States See map: Google|title=Speaking about "Leadership" with Lorenzo Simonelli, Fortune's one of the top 40 under '40 most influential people|url=http://www.iitaly.org/content/speaking-about-leadership-lorenzo-simonelli-fortunes-one-top-40-under-40-most-influential|access-date=2021-04-26|website=iItaly.org|language=en}}</ref>
In 2008 Simonelli became GE's youngest ever division chief and the first non-American to run GE Transportation.<ref>{{Cite web|title=40 under 40 - 24. Lorenzo Simonelli (24) - FORTUNE|url=https://money.cnn.com/galleries/2010/fortune/1010/gallery.40_under_40.fortune/24.html|archive-url=https://web.archive.org/web/20101017023531/http://money.cnn.com/galleries/2010/fortune/1010/gallery.40_under_40.fortune/24.html|url-status=dead|archive-date=17 October 2010|access-date=2021-04-26|website=archive.fortune.com}}</ref> In 2013, he was appointed president of GE's Oil and Gas division,<ref>{{Cite web|date=2013-09-18|title=GE Names Three to Leadership Positions|url=https://www.businesswire.com/news/home/20130918005809/en/GE-Names-Three-to-Leadership-Positions|access-date=2021-04-26|website=www.businesswire.com|language=en}}</ref> which he ran until the division was merged with Baker Hughes Inc in 2017, becoming Baker Hughes, a GE Company (NYSE:BHGE).<ref>{{Cite web|last=Blum|first=Jordan|last2=Hunn|first2=David|date=2017-07-08|title=Q&A: Lorenzo Simonelli on GE, new Baker Hughes, giving up family business|url=https://www.houstonchronicle.com/business/article/Q-A-GE-the-new-Baker-Hughes-and-giving-up-the-11274364.php|access-date=2021-04-26|website=Houston Chronicle|language=en-US}}</ref> He became CEO of the newly formed company, and following GE's divestment from the company in 2019, has continued on as CEO of the independent Baker Hughes Company (NYSE:BKR).
== Awards and recognition == Simonelli has been named in Fortune's Forty under Forty in 2009 and 2010.<ref>{{Cite web|title=40 under 40 - 24. Lorenzo Simonelli (24) - FORTUNE|url=https://money.cnn.com/galleries/2010/fortune/1010/gallery.40_under_40.fortune/24.html|archive-url=https://web.archive.org/web/20101017023531/http://money.cnn.com/galleries/2010/fortune/1010/gallery.40_under_40.fortune/24.html|url-status=dead|archive-date=17 October 2010|access-date=2021-04-26|website=archive.fortune.com}}</ref><ref>{{Cite web|title=40 under 40 - Lorenzo Simonelli (11) - FORTUNE|url=https://money.cnn.com/galleries/2009/fortune/0910/gallery.40_under_40.fortune/11.html|archive-url=https://web.archive.org/web/20091025072319/http://money.cnn.com/galleries/2009/fortune/0910/gallery.40_under_40.fortune/11.html|url-status=dead|archive-date=25 October 2009|access-date=2021-04-26|website=archive.fortune.com}}</ref> He was named as Petroleum Economist's CEO of the Year in 2019,<ref>{{Cite web|title=Petroleum Economist reveals 2019 awards winners|url=https://pemedianetwork.com/petroleum-economist/articles/corporate-finance/2019/petroleum-economist-reveals-2019-awards-winners|access-date=2021-04-26|website=pemedianetwork.com}}</ref> and listed by ALLY's Energy Voice of 2020 as a leader in the Energy Transition.<ref>{{Cite web|last=Mehnert|first=Katie|title=ALLY Introduces the Top Energy Voices of 2020 {{!}} ALLY™|url=https://allyenergy.com/ally-top-energy-voices-2020/|access-date=2021-04-26|website=allyenergy.com/|language=en-US}}</ref>
== Personal life == Simonelli is married, and lives in Houston, Texas.<ref>{{Cite web|title=Lorenzo Simonelli, Chairman, President and CEO |publisher=Baker Hughes|url=https://www.bakerhughes.com/lorenzo-simonelli|access-date=2021-04-26}}</ref>
== References == {{reflist}}
{{DEFAULTSORT:Simonelli, Lorenzo}} Category:American businesspeople Category:American chief executives Category:American business executives in the energy industry Category:1973 births Category:Living people Category:People educated at Highgate School