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Flowserve Chief Financial Officer Resigns

17.06.2004

Flowserve Corp. announced that Renee J. Hornbaker, its vice president and chief financial officer, has resigned for personal reasons.

"Renee served as CFO since 1997 and we wish her well in her future pursuits," said C. Scott Greer, Flowserve's chairman, president and chief executive officer.

The company has actively begun a search process for a new chief financial officer. During this search, Vice President - Treasurer David F. Chavenson and Vice President - Controller and Chief Accounting Officer Richard J. Guiltinan will jointly assume the CFO responsibilities and directly report to Greer.

Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in 56 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.

More information about Flowserve Corp. can be obtained by visiting the company's website.

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