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    R. Scott Rowe

    President, Chief Executive Officer, and Director at Flowserve Corp
    Board
    Since April 2017
    Age
    54 years
    Tenure
    Joined FLS as President, Chief Executive Officer, and Director in April 2017.

    Also at Flowserve Corp

    ABS
    Amy B. Schwetz
    Senior Vice President and Chief Financial Officer
    BB
    Brian Boukalik
    Senior Vice President and Chief Human Resources Officer (CHRO)
    KRW
    Kirk R. Wilson
    President, Flow Control Division

    About

    R. Scott Rowe is 54 years old and currently serves as the President, Chief Executive Officer, and Director at Flowserve Corporation, a role he assumed in April 2017.

    He brings extensive leadership experience from prior roles at Cameron Group of Schlumberger Ltd, Cameron International Corporation, OneSubsea, and Subsea Systems, in addition to having served as a Captain (O3) in the United States Army from 1993 to 1998.

    His tenure at Flowserve highlights a strong background in multinational operations, manufacturing, and corporate strategy, underscoring his commitment to operational excellence.

    $FLS Performance Under R. Scott Rowe

    Past Roles

    OrganizationRoleDate RangeDetails
    Cameron Group of Schlumberger Ltd. President 2016 – 2017 N/A
    Cameron International Corporation President, Chief Executive Officer 2015 – 2016 N/A
    Cameron International Corporation President, Chief Operating Officer 2014 – 2015 N/A
    OneSubsea Chief Executive Officer 2014 Joint venture established by Cameron and Schlumberger
    Subsea Systems (division of Cameron) President 2012 – 2014 N/A
    Cameron International Corporation President, Engineered and Process Valves division 2010 – 2012 N/A
    United States Army Captain (O3) 1993 – 1998 N/A

    External Roles

    OrganizationRoleDate RangeDetails
    Quanta Services, Inc. Director 2022 – Present Leading provider of specialty contracting services

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Annual Base Salary$1,200,000 2024Actual salary payments during 2024
    Defined Contribution Retirement Plan Contributions$14,850 2024Contributions made to the Defined Contribution Retirement Plan
    Insurance Premiums$2,034 2024Annual group term life insurance premiums
    Other Compensation$4,044 2024Includes costs attributable to an annual physical exam
    Restricted Stock Units (Value)$2,952,518 202471,145 units at $41.50 per share, based on closing market price on February 9, 2024
    Change in Pension Value and Non-Qualified Deferred Compensation Earnings$665,849 2024Represents the aggregate change in the actuarial present value of accumulated benefits

    Performance Compensation

    Data from  FY 2024

    Performance Share Units - Target (PSUs - Target)

    MetricDetail
    Performance MetricsROIC improvement, Free Cash Flow as % of Net Income, Relative TSR with a modifier of ±15%
    Payout Range0 to 230% of the target
    Vesting ScheduleVested at 76.7% of the target on February 13, 2025; performance period through December 31, 2024
    Grant DateFebruary 9, 2024
    Grant Date Fair Value$3,719,487
    Grant Date Stock Price$41.50 per share
    Number of PSUs - Target87,230
    Additional NotesSpecific numeric thresholds and targets are not explicitly provided

    Performance Share Units - Maximum (PSUs - Maximum)

    MetricDetail
    Performance MetricsROIC improvement, Free Cash Flow as % of Net Income, Relative TSR with a modifier of ±15%
    Payout Range0 to 230% of the target
    Maximum Shares200,629 shares
    Vesting ScheduleVesting over a three-year period; performance criteria certified at period-end
    Grant DateFebruary 9, 2024
    Grant Date Fair Value$3,719,487
    Grant Date Stock Price$41.50 per share
    Additional NotesDerived using the average closing price of $40.41 over the 20 trading days ending February 6, 2024

    Non-Equity Incentive Plan Compensation

    MetricDetail
    Performance MeasuresAdjusted Operating Income, Adjusted Primary Working Capital as a Percentage of Sales, Customer Bookings
    Payout RangesThreshold: 50%, Target: 100%, Maximum: 200%
    Actual PayoutQuantitative Performance Goals payout at 118%, total payout at 136% of target, resulting in a Final Award of $2,040,000
    Vesting/ConditionsCash-based award with no vesting schedule; contingent on achieving performance metrics and full-year employment