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January 12, 2012 - Flowserve promotes Thomas L. Pajonas to chief operating officer. Thomas E. Ferguson will retire from yjr company at end of 2012

Pajonas, formerly senior vice president and president of the Flow Control Division, assumes the role of chief operating officer and is responsible for both the Flow Control Division and the Flow Solutions Group (including the Engineered Product Division and the Industrial Product Division), which comprise all company operations. He retains the title of senior vice president and continues to report to Mark Blinn.

"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 Mark Blinn, Flowserve president and chief executive officer. "We believe this new leadership structure positions the company to better leverage operational excellence, cost reduction initiatives and internal synergies across our entire operating platform to drive further growth and increased shareholder value."

"Since joining the company in 2004, Tom Pajonas' proven track record in producing operational process improvements to drive earnings growth makes him an ideal choice to become chief operating officer," Blinn said. "In this new position, Tom will play a pivotal role in leading our focus on margin improvement and on-time customer deliveries."

Ferguson, formerly senior vice president and president of the Flow Solutions Group, will remain with the company until his retirement at the end of the year in a special advisory role to Mark Blinn to assist with the transition and certain strategic initiatives.

"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," Blinn added. "We thank him for his 25 years of outstanding service to the company."

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.