David E. Roberts named to Flowserve Board of Directors
With the addition of Roberts, the Flowserve board increases to 11 members, 10 of whom are independent.
DALLAS, Nov. 17, 2011 — Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that its board of directors has elected David E. Roberts Jr. as a member of the board. With the addition of Roberts, the Flowserve board increases to 11 members, 10 of whom are independent.
Roberts, 51, is executive vice president and chief operating officer of Marathon Oil Corporation (NYSE: MRO), an independent upstream company with international operations in exploration and production, oil sands mining and integrated gas. Marathon Oil Corporation reported $72 billion in revenue in 2010 and was ranked 29 on the 2011 Fortune 500 listing of America’s largest corporations.
Prior to his current role, Roberts was the executive vice president in charge of Marathon’s worldwide upstream operations, a position he held since 2008. He joined Marathon in 2006 as senior vice president of business development.
Before his positions at Marathon, Roberts held leadership roles at BG Group and served as advisor to the vice chairman of Chevron Corporation from 2001 to 2003.
“David brings a wealth of experience and a valuable customer perspective to the Flowserve board of directors, and we are pleased to have him join,” said James O. Rollans, non-executive chairman of the Flowserve board of directors.
“The experience David offers from both an upstream and operations perspective will have an immediate impact on the company,” said Mark E. Blinn, president and chief executive officer. “We are looking forward to his valuable contributions.”
Roberts graduated from the University of Alabama in Tuscaloosa with a bachelor of science degree in mineral engineering. He serves on the university’s College of Engineering Leadership board, as well as the board of the Hispanic Scholarship fund nationally. Roberts was also recently named to board of the Independent Petroleum Association of America (IPAA), a leading trade association for the exploration and production segment of the oil industry.
About Flowserve
Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s website at www.flowserve.com.
Technical Contact: Mike Mullin, director, investor relations, (972) 443-6636
Media Contact: Steve Boone, director, global communications and public affairs, (972) 443-6644
