Last year, Andrea interviewed Lorenzo Simonelli, Chairman and CEO of Baker Hughes, an energy technology company, in one of his best episodes of 2022. They discussed the exciting energy transition happening in the industry and Lorenzo's perspective on navigating this change as a leader. Lorenzo stressed the need to pivot quickly, fail fast, and learn in order to adapt to constant change. He shared insights on building diverse teams, focusing on culture, effective communication, and empowering others. Lorenzo also advised aspiring leaders on self-awareness, taking feedback, and managing ambiguity. KEY TAKEAWAYS Energy is going through an exciting transition period that requires collaboration between stakeholders. Having a clear and easy-to-communicate strategy is key, but changing behaviours and culture is harder. Leaders must role model desired behaviours and make bold decisions to mobilise change. Pivoting quickly and failing fast is critical to adapting to constant change. Quiet, focused time is important for leaders to think strategically. Surround yourself with a diverse team willing to challenge you. BEST MOMENTS "It's a great time to be in energy. There is a fundamental tectonic shift and transformation occurring." "If you're going to be a good leader today, change is constant and actually looking at ambiguity as a strength." "The role of being a leader is more challenging today because of all the externalities that are happening." "No matter how confident you are...you will need a team that is with you, supporting you and aligned with you." VALUABLE RESOURCES Like the show? Please leave or write a review on your favourite podcast platform! Let Andrea know your thoughts or share your comments via LinkedIn or via email For more information on Andrea’s work and access to other valuable resources, please visit the website If you don’t want to miss any episode and receive the full article in your inbox, subscribe today to our blog Need more? Book a 30 min call here: https://calendly.com/andreapetrone/strategy-call-30. ABOUT THE HOST My name is Andrea Petrone. I'm a Human Performance and Leadership Advisor, Executive Coach and International Speaker. I help leaders and their teams to change their mindsets and master their leadership capabilities so they can achieve extraordinary performance. I've been in the corporate world for more than 20 years working globally - in 6 countries and 3 continents - for medium-large companies. Our guest this week: Lorenzo Simonelli is Chairman and CEO of Baker Hughes (NASDAQ:BKR). 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.

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