Former Flow Solutions Group president Tom Ferguson will move to a special advisory role to Flowserve president and CEO Mark Blinn, assisting with the transition and certain strategic initiatives. Ferguson will retire from Flowserve at the end of 2012.
“After seeing the significant benefits of consolidating our pump and mechanical seal businesses two years ago, unifying all of our flow control businesses under the leadership of a newly created chief operating officer position was the logical next step towards achieving our strategic goals,” said Blinn.
“Under Tom Ferguson’s dedicated leadership, the company’s pump and seal operations have grown significantly and are positioned to deliver improved financial performance and returns to shareholders as the company moves forward. We thank him for his 25 years of outstanding service to the company,” added Blinn.