Flowserve Appoints Jay Roueche Interim Chief Financial Officer

03.03.2017

Flowserve Corporation announced that John E. (Jay) Roueche III, Flowserve s vice president, investor relations and treasurer, will assume the role of interim chief financial officer, effective immediately. Mr. Roueche s appointment follows Karyn Ovelmen s departure from the company as executive vice president and chief financial officer.

Flowserve will initiate a search to identify a permanent chief financial officer under incoming president and CEO Scott Rowe s direction.

"We are pleased that Jay has agreed to serve as Interim CFO during this important time to ensure a seamless transition," said Mark Blinn, Flowserve s president and chief executive officer. "Jay is a seasoned executive with a deep understanding of our business and financials. On behalf of our Board and management team, I thank Karyn for her financial leadership and many contributions to Flowserve. We wish her well in her future endeavors."

Ms. Ovelmen said, "It has been a privilege to work with such talented and committed individuals at Flowserve. I have great confidence in the company s future and believe Flowserve is well-positioned to achieve its strategic and financial goals, and deliver value to shareholders."

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