Flowserve Corporation has announced that Mark Blinn plans to retire as president, CEO, and a member of the board of directors. To ensure an orderly transition, Mr. Blinn will remain in those roles until the appointment of his successor.
Flowserve’s board of directors follow a robust succession planning process and, in an effort to consider both internal and external candidates, has initiated a search to identify a successor to Mr. Blinn.
Mr. Blinn joined Flowserve in October of 2004, and was named CEO in October of 2009. During his tenure as CEO, the company has delivered a total shareholder return of approximately 64% . Flowserve’s track record of profitable growth and shareholder value creation reflects Mr. Blinn’s focus on operational excellence, cost control, and profitably growing the Company through acquisitions and strategic growth initiatives.
