BNET Industries

Flowserve Corp.

(FLS) is in the Manufacturing Industry

Market Cap:$5.5B
Last Fiscal Year Sales:$4.4B
  • Public
  • US
Dow Jones Description

Flowserve Educational Services provides companies around the world with innovative and comprehensive training, focused on effective solutions. Flowserve Educational Services provides companies around the world with innovative and comprehensive training, focused on effective solutions. We've developed a wide range of technical and maintenance training courses that deepen participants' understanding of fluid management systems and vital pieces of equipment. With input from thousands of professionals, Flowserve Educational Services is able to offer companies the insight they need to continually raise their performance to even higher levels. Our courses and facilities offer the best in adult learning. Classroom theory is taught in an interactive environment and backed up by equipment in static labs and fully functional power labs. Students engage with their peers and learn from trainers with years of experience using fully functional equipment. All training courses are delivered at our Learning Resource Center (LRC) in Dallas, Texas. Training courses are also offered at locations in Kalamazoo, Michigan, Baton Rouge, Louisiana and the Houston, Texas area. If you prefer, training can also be conducted at your facility allowing your employees to learn in their daily environment. Our trainers are experts in their field and are able to produce the kind of results that make a difference - fast - through the use of hands-on training equipment. ...

President and CEO, Elected to Eastman Chemical Company Board of Directors
Lewis M. Kling
Number of Employees 15,000
Contact Information

5215 N O'Connor Blvd Ste 2300

Irving, Texas 75039-5435

flowserve.com

(972) 443-6500

NAICS Code Pump and Pumping Equipment Manufacturing: 333911

Recent Events

  • Flowserve Declares Quarterly Cash Dividend of $0.27 Per Share

    11/23/09 - Stock Split / Dividend - View Story

  • BRIEF-Flowserve enters into letter of credit agreement

    11/05/09 - Joint Venture / Alliance - View Story

  • Flowserve posts flat 3Q profit, narrows guidance

    10/29/09 - Financial Announcement - View Story

  • Flowserve to Announce Third Quarter 2009 Results on October 28 and Hold Conference Call on...

    10/15/09 - Financial Announcement - View Story

  • Flowserve names Mark A. Blinn next president and chief executive officer succeeding retiring Lewis M....

    10/03/09 - Mgmt. Change Entering - President - View Story

  • RBC Capital Maintains an Outperform on Flowserve FLS; Raises Price Target

    9/25/09 - Bond / Stock Rating - View Story

  • Flowserve Appoints Mark Blinn as President,CEO

    8/31/09 - Mgmt. Change Entering - CFO - View Story

  • Flowserve names Blinn new CEO

    8/31/09 - Mgmt. Change Leaving - President - View Story

  • Flowserve names president and CEO

    9/04/09 - Mgmt. Change Entering - CEO - View Story

  • Flowserve Names Next President, CEO

    8/31/09 - Board Member - Entering - View Story

  • Flowserve gets boost from nuclear power expansion

    7/31/09 - Financial Announcement - View Story

News & Analysis

financial and flowserve corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Thomas L. Pajonas President of The Flowserve Flow Control Division
Andrew J. Beall Chief Information Officer, Senior Vice President and President of Flow Solutions Division
Kyle B. Ahlfinger Vice President, Chief Marketing Officer
Lars Rosene Chief Sustainability Officer and Vice President Public Affairs
Linda P. Jojo CIO & Senior Vice President
Mark A. Blinn CFO & Senior Vice President, Latin America Operations
Mark D. Dailey Senior Vice President, Hr & Chief Compliance Officer
Richard J. Guiltinan Vice President and Chief Accounting Officer
Jerry L. Rockstroh Senior Vice President, Supply Chain & Continuous Improvement
Ronald F. Shuff General Counsel, Secretary & Senior Vice President
Dave Chavenson Vice President & Treasurer
Deborah K Bethune Vice President, Tax
J.B. Nowlin Vice President, Tax
John Lenander Vice President and General Manager, Flowserve Flow Control Division
Joseph R. Pinkston Vice President, HR
Paul W. Fehlman Treasurer & Vice President
Michael Smith Gestra North America General Manager
Bob Rich Strategic Marketing Director
Michael E. Conley Director, IR
Ben Lee Product Manager
Earnest Carey Jr. Product Manager, Flowserve Limitorque
Gary Collier Manager, Customer Training
Jeff Parish Senior Product Manager, Flowserve Flow Control Division
Lou Hart Manager
Allan R. Kauth
Christopher A Bartlett Professor of Business Administration, Harvard University
Chuck Meeks Senior Training Specialist
Gary Mendles
Jeryl Wray
Jessica Garcia
Johnny Van der Linden Training Specialist
Jon Minerich
Neil Reidy
Robbie Haley
Thomas Newsome
James O. Rollans Director
Gayla J. Delly Director
Michael F. Johnston Director

Board of Directors

Name (plus bio) Position
Lewis M. Kling President and CEO, Elected to Eastman Chemical Company Board of Directors
Charles M. Rampacek Board Director
David Ewers Board of Directors
Diane C. Harris Board of Directors
John R. Friedery Board of Directors
Joseph E. Harlan Board of Directors
Kevin E. Sheehan Non-Executive Chairman
Rick J. Mills Board of Directors
Roger L. Fix Board of Directors
William C. Rusnack Board of Directors

Lewis M. Kling, age 64, has served as President, Chief Executive Officer and as a director since 2005. He served as Chief Operating Officer from 2004 to 2005. Before joining the Company, he served as Group President and Corporate Vice President of SPX Corporation, a Fortune 500 company that provides flow technology products, terminal equipment and other industrial products and services worldwide, from 1999 to 2004 and as a member of the Board of Directors of Inrange Technologies Corporation, a designer and manufacturer of switching and networking products for data and telecommunications networks, from 2000 to 2003. Mr. Kling also served as President of Dielectric Communications, a division of General Signal Corporation, which was purchased by SPX Corporation, from 1997 to 1999. He is also a director of Eastman Chemical Company, a manufacturer of chemicals, fibers and plastics. Mr. Kling s employment agreement with the Company is described in this proxy statement under Executive Compensation Compensation Discussion and Analysis Employment Agreements.

Organization Position Status
Flowserve Corporation President and CEO, Elected to Eastman Chemical Company Board of Directors Current
Flowserve Corporation President, Chief Executive Officer and Director Current
Flowserve Pmv USA Inc. President and CEO, Elected To Eastman Chemical Company Board of Directors Current
Flowserve Corporation Chief Operating Officer Former
NYSE Group, Inc. Current
Aqualor Pet Board of Directors Current
Eastman Chemical Company Board of Directors Current
Dielectric Communications President Former
General Signal Corporation president Former
SPX Corporation President, Communications & Technology Sys Former
AlliedSignal Aerospace senior vice president Former
General Signal Corporation Dielectric Communications Former
Stetson University MBA Former
Rensselaer Polytechnic Institute bachelor's degree in electrical engineering Former

Thomas L. Pajonas, age 52, has served as Senior Vice President since December 2006 and President of Flow Control Division since 2004. He served as Vice President from 2004 to December 2006. He was previously employed as Managing Director of Alstom Transport from 2003 to 2004 and Senior Vice President from 1999 to 2003 of the Worldwide Power Boiler Business of Alstom, Inc. From 1996 to 1999 he served in various capacities as Senior Vice President and General Manager International Operations and subsequently Senior Vice President and General Manager Standard Boilers Worldwide of Asea Brown Boveri.

Organization Position Status
Flowserve Corporation President of The Flowserve Flow Control Division Current
NYSE Group, Inc. Current
Rensselaer Polytechnic Institute MBA Former
Worcester Polytechnic Institute degree in Mechanical Engineering Former

Andrew J. Beall, age 51, has served as Senior Vice President since December 2006 and President of Flow Solutions Division since 2003. He served as Vice President from 2003 to December 2006. From 1994 to 2003, Mr. Beall served in a number of key domestic and international management positions with the Company including as Vice President of Flowserve, Pump Division, Flow Solutions Division and Flow Control Division in Latin America from 1999 to 2003.

Organization Position Status
Flowserve Corporation Chief Information Officer, Senior Vice President and President of Flow Solutions Division Current
NYSE Group, Inc. Current
Flowserve Corporation President of Flow Solutions Division Former
Flowserve Corporation General Manager, Latin America Former
Flowserve Corporation Head the Flow Solutions Division Former
Queens College Graduate School Former
Queens College Mba Former
North Carolina State University Bachelor of Arts Degree In Business Management Former

Kyle B. Ahlfinger, age 49, has served as Vice President and Chief Marketing Officer since May 2007. He served as Vice President of Marketing for the Flow Control Division from 2005 to 2007. Prior to that, he served with Rockwell Automation as the Director of Marketing from 2003 to 2005, as Director of Business Development 2002 to 2003 and an international assignment as Director of Market and Channel Development Europe/Middle East/Africa Region from 2000 to 2002.

Organization Position Status
Flowserve Corporation Vice President, Chief Marketing Officer Current

Lars E. Rosene, age 41, has served as Chief Sustainability Officer and Vice President Public Affairs since February 2009. He served as Vice President Global Communications and Public Affairs for the corporation from May 2007 to February 2009. Prior to that, he served as Director of Public Affairs for Flowserve from 2005 to 2007. Before joining Flowserve, Rosene served as Vice President and Director of Public Affairs and Communications for Citigroup from 2002 to 2005.

Organization Position Status
Flowserve Corporation Chief Sustainability Officer and Vice President Public Affairs Current

Organization Position Status
Flowserve Corporation CIO & Senior Vice President Current
NYSE Group, Inc. Current
Digital Equipment Corporation Former
IT LLC Former
Rensselaer Polytechnic Institute master's degree in industrial engineering Former

Organization Position Status
Flowserve Corporation CFO & Senior Vice President, Latin America Operations Current
NYSE Group, Inc. Current
Print Services, Inc. Chief Financial Officer Former
FedEx Corporation Chief Financial Officer Former
First Plus Financial Former
Centex Corporation Former

Mark D. Dailey, age 49, has served as Senior Vice President, Human Resources since November 2006 and Chief Compliance Officer since May 2005. He served as Vice President, Supply Chain and Continuous Improvement, from 1999 until 2005. Mr. Dailey was Vice President, Supply Chain and held other supply chain management positions from 1992 to 1999 for the North American Power Tools Division of The Black and Decker Corporation.

Organization Position Status
Flowserve Corporation Senior Vice President, Hr & Chief Compliance Officer Current
NYSE Group, Inc. Current
The Black & Decker Corporation Vice President, Supply Chain Former
Welch Allyn Inc. Lapp Insulator Former
Black & Company Former
Rochester Institute of Technology Bachelor of Science degree in biology and chemistry and holds an MBA Former

Richard J. (Dick) Guiltinan, Jr., age 54, has served as Vice President and Chief Accounting Officer since 2004. He was previously employed as a consultant to Chevron on three multinational restructuring and merger integration projects in 2002 and 2003. From 1985 to 2001, Mr. Guiltinan served in accounting, financial management and operating positions at Caltex Corporation, a joint venture of Chevron and Texaco, including as Chief Financial Officer from 2000 to 2001. He is also a director of North American Technologies Group, Inc., ("NAMC") a company that manufactures and markets composite railroad crossties to the railroad industry. He serves as Chairman of the Audit Committee of NAMC.

Organization Position Status
Flowserve Corporation Vice President and Chief Accounting Officer Current
NYSE Group, Inc. Current
North American Technologies Group, Inc. Director Current
Cal-Tex Corporation Cfo Former
KPMG International senior manager Former
Cal-Tex Corporation Comptroller Former
Flowserve Corporation Consultant Former
University of Notre Dame CPA Former
University of Notre Dame Bba In Accountancy Former
Dartmouth College Tuck Executive Program Former

Jerry L. Rockstroh, age 52, has served as Senior Vice President of Supply Chain and Continuous Improvement Process since December 2006. He served as Vice President of Supply Chain and Continuous Improvement Process since late 2005 to December 2006 and as Vice President of Supply Chain during 2005. From September 1983 to February 2005, he served in various executive level positions within different business units of AlliedSignal/Honeywell, including as World Wide Vice President of Operations and Integrated Supply Chain.

Organization Position Status
Flowserve Corporation Senior Vice President, Supply Chain & Continuous Improvement Current
Honeywell Corporation Vice President Supply Chain Former

Organization Position Status
Flowserve Corporation General Counsel, Secretary & Senior Vice President Current
NYSE Group, Inc. Current
Massachusetts Institute of Technology Sloan Fellow Former
Accuray Incorporated Secretary Former
Kenyon College Bachelor of Arts degree in history (cum laude) Former

Organization Position Status
Flowserve Corporation Vice President & Treasurer Current

Deborah K. (Kathy) Bethune, age 49, has served as Vice President, Tax since 2004. She was employed previously with Electronic Data Systems Corporation for 17 years, where she held several tax management positions, most recently as the Director of International Taxes for the Americas and Asia Pacific regions.

Organization Position Status
Flowserve Corporation Vice President, Tax Current
NYSE Group, Inc. Current
Ernst & Young manager Former
Baylor University CPA Former

Organization Position Status
Flowserve Corporation Vice President, Tax Current

Organization Position Status
Flowserve Corporation Vice President and General Manager, Flowserve Flow Control Division Current

Organization Position Status
Flowserve Corporation Vice President, HR Current
NYSE Group, Inc. Current
Unisource Worldwide, Inc. Vice President of Human Resources Former
Russell Corporation Vice President, Human Resources Former
Hussmann International, Inc. Vice President, Human Resources Former
Fairleigh Dickinson University Senior Professional Former
AlliedSignal, Inc. Former
University of South Carolina Bachelor of Arts degree in political science Former

Paul W. Fehlman, age 44, has served as Vice President and Corporate Treasurer since 2005. He served as Director of Financial Services and Assistant Treasurer from 2000 to 2005.

Organization Position Status
Flowserve Corporation Treasurer & Vice President Current
NYSE Group, Inc. Current
Flowserve Corporation director of financial Former
Cornell University master's degree in business administration Former
California Polytechnic State University bachelor's degree in business administration Former

Organization Position Status
Flowserve Corporation Gestra North America General Manager Current

Organization Position Status
Flowserve Corporation Strategic Marketing Director Current

Organization Position Status
Flowserve Corporation Director, IR Current

Organization Position Status
Flowserve Corporation Product Manager Current

Organization Position Status
Flowserve Corporation Product Manager, Flowserve Limitorque Current

Gary Collier joined Flowserve (BW/IP, Seal Division) at age 19 as part of the cooperative education program at Texas A&M University. While completing his degree in Mechanical Engineering, Gary worked in applications engineering at the Houston Quick Response Center. After graduation, he assumed the position of Sales Engineer and his customers included refineries, chemical plants, and power generation facilities. He was responsible for sales, field service, and technical support at these plant sites in various parts of Texas as well as for providing technical consulting on several overseas projects. During this time, Gary gained experience with all types of mechanically sealed equipment and was involved in numerous product development projects including prototyping, field trials, and design change initiatives. He also developed and implemented several reliability improvement/performance monitoring programs for his customers and participated on numerous alliance development and implementation teams. Following the merger of Durco and BW/IP, Gary joined the Educational Services Group and assisted in the design and construction of the Learning Resource Center (LRC). As a Training Specialist, he developed product cross-training and other technical programs for Flowserve employees. In addition, he presented numerous programs on pumps, seals, and equipment reliability to Flowserve customers at plant sites across the country. Gary returned to the field in 1999, working for an independent equipment distributor and providing field service for Flowserve Seals, Goulds Pumps and Sundyne high speed pumps and compressors. He recently rejoined Flowserve Educational Services and is using his 18 years of rotating equipment experience to produce new training material and learning experiences for Flowserve employees and customers.

Organization Position Status
Flowserve Corporation Manager, Customer Training Current
Lrc Co Former

Organization Position Status
Flowserve Corporation Senior Product Manager, Flowserve Flow Control Division Current

Lou Hart joined Flowserve, (Borg Warner Mechanical Seals), as an Applications Engineer in 1981 after serving as General Maintenance Supervisor at Armour Dial in Montgomery, IL. Lou received his BS from Purdue University in 1976, where he had participated in the Cooperative Education Program with United States Steel Corporation beginning in 1974. He continued working as a shift supervisor after graduation at US Steel, Gary Works. In 1978 he was employed as a Project Supervisor by Barnard and Burk Engineers and Constructors. He was responsible for overseeing building trade crafts in the execution of maintenance contracts and project work in the refining and petrochemical industries in Chicago, IL, and Northwest Indiana. In 1982, Lou assumed the position of Sales Engineer for Borg Warner Mechanical Seals in the St. Louis, MO, area. His primary seal accounts were refineries and power plants. He was instrumental in the development of one of the first survey programs ever used for tracking seal performance in a major refinery. When the EPA's "Fugitive Emissions" requirements arrived in the Midwest in 1985, he was able to help his accounts comply while optimizing existing inventories and developing seal standardizations. In 1988, Lou pursued an opportunity to be the Sales Manager of a pump distributor in the St. Louis area, and worked in pump distribution until rejoining BW/IP in 1995. He has participated in pump training by such companies as Ingersoll Rand, Goulds, Gorman-Rupp, and Viking Pump. Lou returned to BW/IP International, Seal Division, in 1995 and served as a Senior Sales Engineer in the upper Midwest. After the formation of Flowserve in 1997, his territory included Iowa, Nebraska, and NW Illinois. Markets served were primarily Chemical, Power, and an OEM, (Viking Pump), which he developed into a major Flowserve Seal account. In October 2006, he joined the Flowserve Educational Services Group as a Training Specialist where he plans on using his 30+ years in industry, sales and service to contribute to the development of new training material and learning experiences for Flowserve employees and customers.

Organization Position Status
Flowserve Corporation Manager Current
Flowserve Pmv USA Inc. Training Specialist Current
Flowserve Corporation Training Specialist Current
Purdue University BS Former

Array

Organization Position Status
Oliver Wight Americas, Inc Principal Current
Pharmacia Corporation Current

Organization Position Status
Harvard University Professor of Business Administration Current
Flowserve Corporation Professor of Business Administration, Harvard University Current
NYSE Group, Inc. Current
ResMed, Inc. Director Current
Flowserve Corporation Board of Directors Current
McKinsey & Company, Inc. General Manager Former
Alcoa, Inc. Marketing Manager Former
Harvard Business School Faculty Former
Harvard Corporation Faculty Former
McKinsey & Company, Inc. Management Consultant Former
Harvard Corporation Chairman of Board Former
Harvard University Faculty Chair of International Senior Management Program and the Program for Global Leadership Former
Harvard University Doctorate Degrees In Business Administration Former
Harvard University Master Former
Harvard University Business Administration Former
University of Queensland Degree In Economics Former

Recognized as a Subject Matter Expert in manual valves, automated control valves, actuators and controls, Chuck Meeks helps companies by training their technicians to increase valve operational efficiency and reliability while reducing valve operating and maintenance costs.. His unique breadth of experience in valve maintenance and operation has been gained through working for 28 years in valve assembly, repair, maintenance, automation, testing, training, start up assistance, diagnostics/troubleshooting and field/technical service in all of the process industries in 47 states and 18 countries. Chuck spent 12 years in the US Army where he reached the rank of Staff Sergeant and held the position as Motor Sergeant with the responsibility of maintaining all motor vehicles (wheeled and track) in the units he was assigned to. Leaving the Army on a Friday in 1979 Chuck went to work for Valtek the following Monday where he spent the next 19 years prior to joining Flowserve's Educational Services Group at the Learning Resource Center In 1998. With over 40 years of maintenance/technical experience, with the majority in the Flow Control industry in many different countries, regions, and situations, Chuck is well qualified as a Trainer, and enjoys sharing his knowledge. Chuck has attended many training seminars and flow control related schools, and is certified as a Master Trainer by the National Center for Construction Education and Research (NCCER). He is also a member of the Instrumentation, Systems, and Automation Society (ISA).

Organization Position Status
Flowserve Corporation Senior Training Specialist Current

Organization Position Status
Flowserve Corporation Current
United Technologies Corporation Former

Organization Position Status
Apics Sundance Chapter Chapter President Current
Flowserve Corporation Current
Apics Sundance Chapter Board of Directors Current
Datapad Vice President of Sales and Marketing Former

Organization Position Status
Maes Houston Professional Chapter Vice President, Vice Presidente Current
Bayer Corporation Application Engineer Current
Flowserve Corporation Current

After serving in the South African Military as a Tactical Intelligence Instructor, Johnny started a career in the Engineering field at a steel manufacturer as an Apprentice Fitter in 1992. He qualified as a Mechanical Fitter in 1995 at the Metal and Engineering Trade School of South Africa with distinction and thereafter completed Mechanical Engineering studies at the Germiston Technical College in South Africa. As a Field Service Engineer he spent the following years traveling the outskirts of South Africa and Sub-Saharan Africa troubleshooting and repairing Air Compressors and Pneumatic systems. Johnny was involved in setting up a new branch where he was responsible for the service group and new equipment sales. During this time he took the opportunity to undertake various courses in Sales and Marketing Management, Leadership Orientation and Business Management at Potchefstroom University in South Africa.

Organization Position Status
Flowserve Corporation Training Specialist Current

Organization Position Status
Oliver Wight Americas, Inc Principal Current
Flowserve Corporation Current
Astec Industries, Inc. Current
Bird Technologies Group Inc. Current

Organization Position Status
Flowserve Corporation Current

Organization Position Status
Flowserve Corporation Current

Organization Position Status
Flowserve Corporation Current
Molson Coors Brewing Company Maintenance Supervisor Former

James O. Rollans, 58, is president and chief executive officer of Fluor Signature Services. He joined Fluor in 1982 as vice president, Corporate Communications and was named senior vice president and chief financial officer in 1992. He was appointed senior vice president and chief administrative officer in 1994, and reassumed direct responsibilities of chief financial officer from 1998 to 1999. He serves as a director of Flowserve Corporation, Inovision, L.P., and the Irvine Medical Center. (1997)

Organization Position Status
Fluor Corporation President and Chief Executive Officer of Fluor Signature Services Current
Fluor Corporation Vice President, Corporate Communications Current
Linden LLC Operating Partner Current
NYSE Group, Inc. Current
Flowserve Corporation Chairman Current
Larry Moretti's Remote Control Director Current
Bear Stearns Residential Mortgage Corporation Director Current
ECC Capital Corporation Board of Directors Current
Cupertino Electric, Inc. Board of Directors Current
Advanced Medical Optics, Inc. Board of Directors Current
Fluor Corporation Senior Vice President Former
The Investor Relations Company Fluor S Group Executive Former
Business Services, Inc. Group Executive Former
Corporate Communications Inc. Fluor S Group Executive Former
California State University bachelors degree in finance and economics Former
ECC Capital Corporation member Former

Organization Position Status
Enterprise Products Partners L.P. General Partner Current
NYSE Group, Inc. Current
Enterprise Products Partners L.P. Board Director Current
Flowserve Corporation Board Director Current
Flowserve Corporation Member Current
Lyondell Chemical Company Chief Executive Officer Former
Tenneco, Inc. President of Gas Pipeline Former
Tenneco, Inc. Senior Vice President, Refining and Supply Former
Epgp Elected A Director Former
Corporate Governance Chairman Former
The University of Texas Master of Science Degree In Chemical Engineering Former
The University of Alabama Bachelors Degree Former
Lyondell Chemical Company Team Member Former
CITGO Petroleum Corporation Team Member Former

Organization Position Status
Flowserve Corporation Board of Directors Current

Diane C. Harris, age 65, has served as a director since 1993 and serves as a member of the Finance Committee. She is President of Hypotenuse Enterprises, Inc., a mergers and acquisitions service and corporate development outsourcing company. Ms. Harris was Vice President of Corporate Development of Bausch & Lomb Incorporated, an optics and health care products company, from 1981 to 1996, when she left to form Hypotenuse Enterprises, Inc. as its President. She was a director of the Association for Corporate Growth from 1993 to 1998 and its elected President from 1997 to 1998. Ms. Harris is also a director of the Monroe Fund, an investment company.

Organization Position Status
Hypotenuse Enterprises, Inc. President Current
NYSE Group, Inc. Current
Flowserve Corporation Board of Directors Current
Bausch & Lomb Incorporated Vice President of Corporate Development Former
Hypotenuse Enterprises, Inc. Owner Former
Rensselaer Polytechnic Institute Master of Science degree Former
The Catholic University of America Former

Array

Organization Position Status
Power-One, Inc. Board of Directors Current
Flowserve Corporation Director Current
Benchmark Electronics Inc. Chief Financial Officer Former
Benchmark Electronics Inc. Executive Vice President Former
Benchmark Electronics Inc. Principal Financial & Accounting Officer Former
Samford University B.S. In Accounting Former

John R. Friedery, age 51, was elected as a director in August 2007 and serves as a member of the Audit Committee. Mr. Friedery is currently Senior Vice President, Ball Corporation; President, Metal Beverage Packaging, Americas and Asia, a provider of metal and plastic packaging for beverages, foods and household products, and of aerospace and other technologies services. He previously served as the Chief Operating Officer, Packaging Products Americas, and the President, Metal Beverage Container operations, as well as other leadership roles in Ball Corporation since 1988. Prior to his employment with Ball Corporation, he served in field operations for Dresser/Atlas Well Services and in operations, exploration and production for Nondorf Oil and Gas.

Organization Position Status
Flowserve Corporation Board of Directors Current

Joe E. Harlan, age 48, was elected as a director in August 2007 and serves as a member of the Finance Committee. Mr. Harlan is currently the Executive Vice President, Electro and Communications Business with 3M Company, a technology solutions provider to the electrical, electronics and communications markets worldwide. He served as President and Chief Executive Officer of Sumitomo 3M Ltd. from 2003 to 2004. Prior to his career with 3M Company, he held a number of leadership positions with General Electric Company, including serving as Vice President of Finance for GE Lighting Group (USA).

Organization Position Status
Flowserve Corporation Board of Directors Current

Organization Position Status
Orix Finance President and Chief Executive Officer Current
Orix Venture Finance President and Chief Executive Officer Current
Orix Venture Finance Co-Founder Current
Smartsignal Corp. Observor Current
Emerald Bioagriculture Corp. Observor Current
Kelley School of Business Bloomington Dean's Advisory Council Current
Orix Capital Markets, LLC Current
NYSE Group, Inc. Current
Capital for Innovation and Development Current
Fonetel Current
Flowserve Corporation Non-Executive Chairman Current
Cik Enterprises Chairman Current
Sps Commerce Director Current
Emerald Bioagriculture Corp. Director Current
Hetsco, Inc. Director Current
LDMI Telecommunications Director Current
Smartsignal Corp. Director Current
Onecall Communications, Inc Director Current
Connecticut, Inc. Board of Directors Current
Flowserve Corporation Director Current
District of Columbia, LLC Board of Directors Current
Indiana University Dean's Advisory Board Member Current
Flowserve Corporation Member Current
ORIX Corporation President and Chief Executive Officer Former
Cummins, Inc. Vice President, Components Group Former
CID Capital Managing Director Former
New England Telephone Traffic Manager Former
Wachtell, Lipton, Rosen & Katz Corporate Transactional Attorney Former
Cummins, Inc. senior, level management position Former
ORIX Corporation Principal Former
U.S. Army Former
The Board, Inc. Chairman Former
Columbia University J.D. Former
Columbia University Law School J.D. Former
Harvard University Ph.D. In Political Science Former
Harvard Corporation Graduate Former
Harvard Business School M.B.A Former
Harvard University MBA Former
Williams College Bachelor's Degree Former
Harvard University B.S. Former
United States Military Academy B.S. Former
Columbia University Law School B.S. Former

Michael F. Johnston, age 60, has served as a director since 1997. He serves as Chairman of the Finance Committee and as a member of the Corporate Governance and Nominating Committee. Mr. Johnston is the Chief Executive Officer and Chairman of the Board of Visteon Corporation (“Visteon”), an automotive components supplier and has served as Visteon’s President, Chief Executive Officer and Chief Operating Officer at various times since 2000. Before joining Visteon, he was employed by Johnson Controls, Inc., a company serving the automotive and building services industry, as President of North America/Asia Pacific, Automotive Systems Group, from 1999 to 2000, President of Americas Automotive Group from 1997 to 1999 and in other senior management positions since 1991. He is also a director of Visteon and a director of Whirlpool Corporation, an appliance manufacturer.

Organization Position Status
Visteon Corporation President Current
Visteon Corporation Chief Operating Officer Current
NYSE Group, Inc. Current
Visteon Corporation Board of Directors Current
Flowserve Corporation Director Current
Whirlpool Corporation Director Current
Johnson Controls, Inc. President, E, Business Former
Johnson Controls, Inc. Vice President Former
ASG Vice President Former
ASG General Manager Former
Johnson Controls, Inc. General Manager Former
Johnson Controls, Inc. E-Business Former
The Executive Program Master's Degree In Business Administration Former
Visteon Corporation Chairman Current
University of Massachusetts Amherst Bachelor's Degree In Industrial Management Former
Michigan State University Executive Program Former

Lewis M. Kling, age 63, has served as President, Chief Executive Officer and as a director since 2005. He served as Chief Operating Officer from 2004 to 2005. Before joining the Company, he served as Group President and Corporate Vice President of SPX Corporation from 1999 to 2004 and as a member of the Board of Directors of Inrange Technologies Corporation from 2000 to 2003. Mr. Kling also served as President of Dielectric Communications, a division of General Signal Corporation, which was purchased by SPX Corporation, from 1997 to 1999. He is also a director of Eastman Chemical Company, a manufacturer of chemicals, fibers and plastics.

Organization Position Status
Flowserve Corporation Board of Directors Current

Roger Fix was named President and Chief Executive Officer in January 2003. He joined Standex in 2001 as President and Chief Operating Officer and was elected to the Board of Directors. Prior to joining Standex, Roger had 25 years of experience running large enterprises with diverse manufacturing operations. Roger most recently served as Chief Executive Officer, President and Director of Outboard Marine Corporation (OMC), a recreational marine manufacturing company based in Chicago. He joined OMC in June 2000 as Chief Operating Officer and was subsequently named Chief Executive Officer, where he presided over the reorganization and liquidation of the company. Prior to his position at OMC, Roger was Chief Executive of John Crane, Inc., a $1 billion global manufacturer of mechanical seals for the process industry. He began at John Crane in 1996 as President-North America and was named Chief Executive in 1998. As Chief Executive, Roger was responsible for 35 manufacturing locations, 220 sales and service offices and 7,200 employees. Earlier in his career, Roger held senior management positions at XOMOX, a division of Emerson Electric, Reda Pump, a division of Pearsons, Plc. and Fisher Controls Company, a manufacturer of process control valves and electronic instrumentation. Roger holds a B.S. in Mechanical Engineering from the University of Nebraska and an M.S. in Mechanical Engineering from the University of Texas.

Organization Position Status
Standex International Corporation Chief Executive Officer Current
Standex International Corporation President Current
Standex International Corporation Board of Directors Current
Flowserve Corporation Board of Directors Current
Outboard Marine Corporation Chief Executive Officer Former
Outboard Marine Corporation President Former
Xomox Corporation President Former
Standex International Corporation Chief Operating Officer Former
Outboard Marine Corporation Chief Operating Officer Former
John Crane Chief Executive Former
Emerson Electric Co. Former
The University of Texas M.S. In Mechanical Engineering Former
University of Nebraska B.S. In Mechanical Engineering Former
Flowserve Corporation Member Former

Organization Position Status
NYSE Group, Inc. Current
Sempra Energy Chairman, Compensation Committee Former
Corporate Governance Board of Directors Current
California Inc Board of Directors Current
Sequoia Sciences, Inc. Board Member Current
Flowserve Corporation Board of Directors Current
University of Chicago Board of Directors Current
American Petroleum Institute Board Member Current
Washington University Board Member Current
Sempra Energy Member Executive Committee Current
American Petroleum Institute Member Current
Flowserve Corporation Member Current
Premcor Inc. Chief Executive Officer Former
Premcor Inc. President Former
Premcor Inc. Chief Operating Officer Former
Premcor Inc. Executive Officer Former
Atlantic Richfield Company Former
ARCO Former
Premcor Inc. Director Former
University of Chicago M.B.A. Former
Peabody Energy Corporation Board of Directors Former

Executive News

  • Flowserve names president and CEO

    Offshore oil and gas - 9/04/09 - View Story

  • Flowserve names new president, CEO

    Power Engineering - 9/01/09 - View Story

  • Flowserve Names Next President, CEO

    Rigzone - 8/31/09 - View Story

  • Flowserve names Blinn new CEO

    Dallas Business Chronicle - 8/31/09 - View Story

  • Flowserve Appoints Mark Blinn as President,CEO

    RTTNews.com - 8/31/09 - View Story

  • Flowserve Appoints Mark Blinn To Replace Lewis Kling As President,CEO - Update

    TradingMarkets - 8/31/09 - View Story

  • Flowserve (FLS) Names Blinn as Next President, CEO, Succeeding Kling

    Street Insider - 8/31/09 - View Story

  • Flowserve names new CEO

    Dallas Business Chronicle - 8/31/09 - View Story

  • Flowserve appoints Blinn as company's new CEO

    CNBC - 8/31/09 - View Story

  • Flowserve Names Mark A. Blinn Next President and Chief Executive Officer Succeeding Retiring...

    Forbes.com - 8/31/09 - View Story

  • Flowserve Appoints CFO Mark Blinn As Next President And CEO Succeeding Retiring Lewis Kling - Quick Facts

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     FLS $100.20 -3.06 (-2.96% )
Average Volume 900,864
Shares Outstanding 55.85M
Market Cap 5.6B
Year High 108.85
Year Low 37.86
Earnings Per Share 7.66
P/E Ratio 13.08
Dividend 1.08
Yield 1.08
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