Flowserve Management

Management criteria checks 3/4

Flowserve's CEO is Robert Rowe, appointed in Apr 2017, has a tenure of 6.17 years. total yearly compensation is $8.70M, comprised of 13.6% salary and 86.4% bonuses, including company stock and options. directly owns 0.25% of the company’s shares, worth MX$205.99M. The average tenure of the management team and the board of directors is 4.8 years and 4.7 years respectively.

Key information

Robert Rowe

Chief executive officer

US$8.7m

Total compensation

CEO salary percentage	13.6%
CEO tenure	6.2yrs
CEO ownership	0.3%
Management average tenure	4.8yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Robert Rowe's remuneration changed compared to Flowserve's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2023	n/a	n/a	US$231m
Dec 31 2022	US$9m	US$1m	US$189m
Sep 30 2022	n/a	n/a	US$84m
Jun 30 2022	n/a	n/a	US$95m
Mar 31 2022	n/a	n/a	US$96m
Dec 31 2021	US$12m	US$1m	US$126m
Sep 30 2021	n/a	n/a	US$165m
Jun 30 2021	n/a	n/a	US$172m
Mar 31 2021	n/a	n/a	US$132m
Dec 31 2020	US$8m	US$1m	US$130m
Sep 30 2020	n/a	n/a	US$147m
Jun 30 2020	n/a	n/a	US$151m
Mar 31 2020	n/a	n/a	US$194m
Dec 31 2019	US$9m	US$1m	US$239m
Sep 30 2019	n/a	n/a	US$229m
Jun 30 2019	n/a	n/a	US$198m
Mar 31 2019	n/a	n/a	US$162m
Dec 31 2018	US$9m	US$1m	US$105m
Sep 30 2018	n/a	n/a	-US$49m
Jun 30 2018	n/a	n/a	-US$30m
Mar 31 2018	n/a	n/a	-US$1m
Dec 31 2017	US$9m	US$825k	US$3m

Compensation vs Market: Robert's total compensation ($USD8.70M) is above average for companies of similar size in the MX market ($USD1.61M).

Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.

CEO

Robert Rowe (52 yo)

6.2yrs

Tenure

US$8,702,893

Compensation

Mr. Robert Scott Rowe has been Chief Executive Officer and President of Flowserve Corporation since April 1, 2017. Mr. Rowe served as Interim President of Flowserve Pumps Division at Flowserve Corporation...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Rowe	President	6.2yrs	US$8.70m	0.25% $ 206.0m
Amy Schwetz	Senior VP & CFO	3.3yrs	US$3.01m	0.031% $ 25.5m
Elizabeth Burger	Senior VP & Chief Human Resources Officer	5.2yrs	US$1.63m	0.027% $ 22.0m
Scott Vopni	VP & Chief Accounting Officer	3yrs	no data	0.0042% $ 3.4m
Tauseef Salma	Vice President of Marketing & Technology	4.3yrs	no data	no data
John Roueche	VP of Investor Relations & Treasurer	10.7yrs	US$1.02m	no data
Susan Hudson	Senior VP	1.1yrs	no data	0.0041% $ 3.4m
Lars Rosene	Vice President of Corporate Communications & Public Affairs	9.7yrs	no data	no data
Kirk Wilson	President of Flow Control Division	7.8yrs	no data	0.042% $ 34.7m
Lamar Duhon	President of Flowserve Pumps Division	1.4yrs	no data	0.0015% $ 1.2m

4.8yrs

Average Tenure

52yo

Average Age

Experienced Management: FLS *'s management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Rowe	President	6.2yrs	US$8.70m	0.25% $ 206.0m
John Garrison	Independent Director	4.7yrs	US$265.00k	0% $ 0
Gayla Delly	Independent Director	15.4yrs	US$256.34k	0.014% $ 11.5m
John Friedery	Independent Director	15.8yrs	US$253.65k	0.018% $ 15.0m
David Roberts	Independent Non-Executive Chairman of the Board	11.6yrs	US$375.00k	0.033% $ 26.8m
Ruby Chandy	Independent Director	6.1yrs	US$260.00k	0.0020% $ 1.6m
Sujeet Chand	Independent Director	3.5yrs	US$250.00k	0.00076% $ 625.2k
Carlyn Taylor	Independent Director	2.8yrs	US$265.00k	0% $ 0
Kenneth Siegel	Independent Director	less than a year	US$150.00k	0.0025% $ 2.0m
Michael McMurray	Independent Director	4.7yrs	US$270.00k	0.0034% $ 2.8m
Thomas Okray	Independent Director	less than a year	no data	0.0034% $ 2.8m

4.7yrs

Average Tenure

62yo

Average Age

Experienced Board: FLS *'s board of directors are considered experienced (4.7 years average tenure).

Flowserve Management

Management criteria checks 3/4

Key information

Recent management updates

Flowserve Corporation, Annual General Meeting, May 16, 2024

Flowserve Corporation Announces Executive Changes

Flowserve Corporation Announces Board Changes, Effective December 8, 2023

Flowserve Corporation Announces Management Changes

Flowserve Corp. Elects Ken Siegel as an Independent Director and a Member of the Audit Committee and Finance and Risk Committee of the Board

Flowserve Corporation Appoints Ken Siegel as an Independent Director and a Member of the Audit Committee and Finance and Risk Committee of the Board

Recent updates

Flowserve Corporation Reaffirms Earnings Guidance for the Year 2024

Flowserve Corporation to Report Q1, 2024 Results on Apr 29, 2024

Flowserve Corporation, Annual General Meeting, May 16, 2024

Flowserve Corporation Announces Quarterly Cash Dividend, Payable on April 12, 2024

Flowserve Corporation Announces Executive Changes

Flowserve Corporation to Report Q4, 2023 Results on Feb 20, 2024

Andritz AG (WBAG:ANDR) signed an agreement to acquire NAF AB from Flowserve Corporation (NYSE:FLS).

Flowserve Corporation Revises Earnings Guidance for the Full Year 2023

Flowserve Corporation to Report Q3, 2023 Results on Oct 25, 2023

Flowserve Announces French Regulatory Rejection of Velan Transaction

Flowserve Corporation Announces Board Changes, Effective December 8, 2023

Flowserve Corporation Announces Quarterly Cash Dividend, Payable on October 6, 2023

Flowserve Corporation Revises Earnings Guidance for the Full Year 2023

Flowserve Corporation Announces Quarterly Cash Dividend, Payable on July 7, 2023

Upcoming dividend of US$0.20 per share at 2.6% yield

Full year 2022 earnings released: EPS: US$1.44 (vs US$0.97 in FY 2021)

Flowserve Corporation Announces Management Changes

Flowserve Corporation to Report Q4, 2022 Results on Feb 21, 2023

Upcoming dividend of US$0.20 per share

Flowserve Corporation Announces Quarterly Cash Dividend on Common Stock, Payable on January 13, 2023

Third quarter 2022 earnings released: EPS: US$0.29 (vs US$0.38 in 3Q 2021)

Flowserve Corporation to Report Q3, 2022 Results on Oct 31, 2022

Flowserve Corporation Announces Release of New Flowserve FLEX™ Isobaric Energy Recovery Device

Now 22% undervalued after recent price drop

Upcoming dividend of US$0.20 per share

Flowserve Corp. Elects Ken Siegel as an Independent Director and a Member of the Audit Committee and Finance and Risk Committee of the Board

Flowserve Corporation Announces Quarterly Cash Dividend, Payable on October 14, 2022

Flowserve Corporation Appoints Ken Siegel as an Independent Director and a Member of the Audit Committee and Finance and Risk Committee of the Board

Second quarter 2022 earnings released: EPS: US$0.34 (vs US$0.35 in 2Q 2021)

Flowserve Corporation Reaffirms Earnings Guidance for the Year 2022

Flowserve Corporation to Report Q2, 2022 Results on Jul 27, 2022

Upcoming dividend of US$0.20 per share

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age