IN FOCUS

The Poul Due Jensen Foundation, which is the majority shareholder of the Grundfos Group, has appointed an Executive Director as part of its efforts to enhance the professional level of its activities as an active and modern commercial foundation.

National Oilwell Varco, Inc. announced the name of an additional member of the Executive Management team for its previously announced plan to spin off to its shareholders its Distribution Business as an independent publicly traded company.

The Board of Directors of Tencarva Machinery Company, headquartered in Greensboro, N.C., has elected Edwin W. Pearce III as president of Tencarva, effective January 1, 2014, after the retirement on December 31, 2013, of Rod Lee who served in that position for 16 years.

The Weir Group PLC is pleased to announce the following two appointments to its Group Executive from 1 January 2014.

The Weir Group PLC announces the appointment of Mary Jo Jacobi to the Board as a Non-Executive Director, with effect from 1 January 2014.

On December 21, 2013, Manfred Wennemer has informed the Sulzer Board and Management, that he has decided to resign from the board for personal reasons as of December 31, 2013.

Sune Carlsson, Chair of the Board of Atlas Copco AB, has declined reelection at the Annual General Meeting 2014. The Nomination Committee intends to propose Hans Stråberg, Vice Chair, as the next Chair of the Board.

Tim Ruppert has been appointed as Managing Director of Wilo USA, a provider of pumps and pump solutions for water management, building services and groundwater, effective Jan. 1, 2014.

Pump and valve manufacturer KSB has announced a change in the Board of Management at the turn of the year. On 31 December 2013 Professor Dr. Dieter-Heinz Hellmann (71) will retire from the Board of Management of KSB AG as planned; he will assume a function in the KSB-Stiftung [KSB Foundation].

Baker Hughes Incorporated announced that the Company s Senior Vice President and Chief Financial Officer, Peter A. Ragauss, intends to retire by the end of next year.