Flowserve Corp., a provider of flow control products and services, has appointed R. Scott Rowe as president and CEO, effective 1 April, 2017.
Rowe, who will also join the board of directors, succeeds Mark Blinn, who previously announced his intention to retire.
Rowe brings nearly 20 years of senior leadership and operational experience in the industry to Flowserve.
He most recently served as president of the Cameron Group, a position he assumed in April 2016 following the merger between Schlumberger and Cameron International Corp.
At Cameron, Rowe served in a variety of progressive roles during his 14-year career, culminating as its president and CEO.
Rowe’s accomplishments include contributing to Cameron’s significant growth and profitability during his tenure, leading Cameron through the transition to Schlumberger and overseeing the business integration while maintaining strong business performance.
Additionally, he led the transformative pre-merger joint venture between Cameron and Schlumberger, which formed OneSubsea, a $3 billion (€2.8bn) business that he later ran as CEO.
During his tenure as president of engineered and process valves, Rowe spearheaded process improvement projects that drove strong revenue and earnings growth.
“Flowserve is an industry leader with best-in-class fluid motion and control products and services and some of the most dedicated, hard-working employees in the business,” said Rowe.
“I have long admired Flowserve, and have great respect for its extensive portfolio of product brands and its commitment to customer relationships. As CEO, I look forward to leveraging my experience and industry relationships to build on this solid foundation to enhance value for all stakeholders.”
As planned, in connection with Rowe’s appointment, Blinn will step down from the Flowserve board, effective 31 March, 2017.
“It has been an honour to serve as Flowserve’s CEO, and I am confident in the company’s prospects for growth and value creation under Scott’s leadership,” said Blinn.
“His deep industry and executive experience – but most importantly, his appreciation for our culture, people, industry and customers – make Scott an ideal choice to serve as Flowserve’s next leader.”