Flowserve Announces the Appointment of Sanjay Chowbey as President, Aftermarket Services & Solutions
Sanjay Chowbey, President,
Aftermarket Services & Solutions,
DALLAS, July 11, 2019 — Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that Sanjay Chowbey will join Flowserve as president, aftermarket services & solutions, beginning Monday, July 15. He will take on the role previously held by Kirk Wilson, who will be the new president of Flowserve’s flow control division, following the retirement of John Lenander.
Chowbey recently served as president of the Subcom business unit at TE Connectivity, a subsea communication infrastructure business. He was responsible for the growth of the services and solutions of the subsea communication hardware and software. Prior to that, he served at Danaher for 11 years in several roles of increasing responsibility, including president of Thomson Industries, Inc., an industrial technology company, and general manager of services & solutions at Gilbarco Veeder-Root, Inc., a fueling and environmental solutions company.
“With his aftermarket experience and leadership, I believe that Sanjay is the right person to build upon the foundation we have in our aftermarket services and solutions organization, and will continue to help leverage our installed base and further advance our aftermarket strategy to support Flowserve’s strategic initiatives,” said Scott Rowe, Flowserve president and chief executive officer. “As part of this strategy, Sanjay will focus on three key areas, including continued growth, service delivery and quality, as well as utilizing technology as a value-added solution for our customers,” he added.
Chowbey brings nearly 20 years of experience in operations, technology and aftermarket services from a variety of industries. He earned a bachelor’s degree in mechanical engineering from B.I.T. in Sindri, India; an MBA from Northwestern University, Kellogg School of Management; and a master’s degree in mechanical engineering from Tennessee Tech.
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.
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The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic manufacturing optimization and realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and noncompliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our ability to anticipate and manage cybersecurity risk, including the risk of potential business disruptions or financial losses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission.
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Media Contact: Lars Rosene, vice president, corporate & marketing communications, 972-443-6644