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Houston-based oilfield services company Baker Hughes named Kimberly A. Ross as its new senior vice president and CFO Tuesday.

Her appointment is effective on October 22, 2014.

The company’s current CFO Peter Ragauss will stay on until Ross assumes the post.

Ross currently serves as executive vice president and CFO of Avon Products.

She served as executive vice president and CFO of Netherlands-based food services company Royal Ahold from 2007 to 2011 and worked for accounting firm Ernst & Young Global in New York from 1995 to 2001.

Ross serves on the board of directors of Switzerland-based insurance company ACE and also serves on the board’s audit committee.

Ross earned a Bachelor of Arts degree in accounting from the University of South Florida and became a certified public accountant after graduation.

“Her extensive record of accomplishments spans several industries and is a testament to her effective partnering with operational leaders in various geographies and business environments,” Baker Hughes chairman and CEO Martin Craighead said.