Lorenzo Simonelli

Lorenzo Simonelli is Chairman and CEO of Baker Hughes. Baker Hughes is an energy technology company that combines innovation, expertise and scale to provide solutions for energy and industrial customers worldwide. Simonelli was named Chairman of the Board in October 2017 and has been President and CEO since the Company’s creation in 2017, where he oversaw the successful merger of GE Oil & Gas with Baker Hughes Inc. Since 2013, he served as President and CEO of GE Oil & Gas. Previously, Simonelli served as President and CEO of GE Transportation, a global transportation leader in the rail, mining, marine and energy storage industries. During his five-year tenure, he expanded and diversified GE Transportation by focusing on advanced technology manufacturing, intelligent control systems, and a diverse approach to new propulsion solutions. He has also served as CFO Americas for GE Consumer & Industrial, as well as General Manager, Product Management for GE Appliances, Lighting, Electrical Distribution and Motors. Simonelli joined GE’s Financial Management Program in 1994, where he worked on assignments in GE International, GE Shared Services, GE Oil & Gas, and Consolidated Financial Insurance. He currently serves on the Board of Iveco Group N.V. He served on the Board of C3.ai, Inc. from 2020-2021 and on the Board of CNH Industrial N.V. from 2019-2021. Originally from Tuscany, Italy, Simonelli is a Business & Economics Graduate from Cardiff University in South Wales. He is married and resides in Houston.

Session Overview

Monday, 4 November

All Sessions

15:00

Strategic Conference ICC Hall 15:00 - 16:00

Transition and innovation: how companies are shaping the future of energy

The global energy transition is set to dramatically reshape the energy landscape. Currently, about 80% of global energy is derived from fossil fuels, but the IEA’s Net Zero Emissions by 2050 Scenario aims for renewable energy to constitute two-thirds of global supply by 2050. Achieving this target is no small feat and will necessitate a substantial shift in how energy companies look at their business, profoundly affecting their entire value chain—from strategy to production to the end consumer. In response to this, numerous energy companies have embarked on a transformative journey. Companies are approaching the transition in different ways, with many using innovative approaches, from shifting business models, to changing their product portfolio, to providing differentiated consumer experiences. The pressing question remains: How can energy companies adapt to this rapidly evolving energy landscape, and what strategic insights can they learn from the trailblazers who have successfully navigated this transition?

Attendee insights:

Energy leaders – from traditional energy players and renewable providers to new entrants – will provide their perspectives on how their organisations are navigating the energy transition and how are they innovating to achieve their goals.