Flowserve Corp., a provider of flow control products and services, announced that John E. (Jay) Roueche III, Flowserve’s vice president, investor relations and treasurer, will assume the role of interim chief financial officer, effective immediately. Roueche’s appointment follows Karyn Ovelmen’s departure from the company as executive vice president and chief financial officer.
Flowserve will initiate a search to identify a permanent chief financial officer under incoming president and CEO Scott Rowe’s direction.
“We are pleased that Jay has agreed to serve as Interim CFO during this important time to ensure a seamless transition,” said Mark Blinn, Flowserve’s president and chief executive officer. “Jay is a seasoned executive with a deep understanding of our business and financials. On behalf of our Board and management team, I thank Karyn for her financial leadership and many contributions to Flowserve. We wish her well in her future endeavors.”
Recommended Reading
US Gives Final Green Light to Sunrise Wind Offshore Project
2024-03-26 - The approval by the Bureau of Ocean Energy Management solidified Ørsted and Eversource’s commitment to the project with both taking final investment decisions.
Eversource to Sell Sunrise Wind Stake to Ørsted
2024-04-19 - Eversource Energy said it will provide service to Ørsted and remain contracted to lead the onshore construction of Sunrise following the closing of the transaction.
Equinor, Ørsted/Eversource Land New York Offshore Wind Awards
2024-02-29 - RWE Renewables and National Grid’s Community Offshore Wind 2 project was waitlisted and may be considered for award and contract negotiations later, NYSERDA says.
Ørsted Names New CFO, COO Following 2023 Setbacks
2024-02-27 - Ørsted appointed Trond Westlie as CFO and executive board member and Patrick Harnett as COO following company difficulties in 2023, including a $4 billion impairment charge in third-quarter 2023.
After Challenging Year, Which Way Will Offshore Wind Blow?
2024-04-03 - Following a year of negative headlines with some of the industry’s biggest players booking billion-dollar impairments and backing out of wind projects, this year appears to be going smoother.