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R. Scott Rowe

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

Also at FLOWSERVE

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