R. Scott Rowe is the CEO of Flowserve Corporation, a company he has led since April 2017. Before joining Flowserve, he was the President of the Cameron Group at Schlumberger, where he played a significant role in the oil and...

Current Market Cap

$6.83B

Number of Employees

16K

Total Compensation

2019 - 2023

Trending up by 223.29% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Up by 1.53% last year

Bonus

Up by 0.00% last year

Other

Down by -2.87% last year

Year

2023

Total Compensation

$3.89M

Salary

$1.20M

Board Justification

The compensation philosophy is designed to attract and retain high-quality leaders, align incentives with company performance, and provide competitive compensation that reflects market conditions.

Bonus

$2.67M

Board Justification

The annual incentive plan payout for 2023 was 178% of the target amount, based on performance metrics including adjusted operating income, customer bookings, and adjusted primary working capital as a percentage of sales.

Other

$21.00K

Board Justification

Other compensation includes defined contribution retirement plan contributions, insurance premiums, and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants vested in 2023; the amounts listed are for performance share units and restricted stock units that are not included in the total compensation calculation.

Performance Metrics

Performance metrics for 2023 included adjusted operating income, customer bookings, and adjusted primary working capital as a percentage of sales.

SEC Filing

From April 2, 2024

R. Scott Rowe

CEO of Flowserve

F

Education

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1971 - 53 years ago

Is Founder?

No

Current Tenure

7 years 6 months (Apr 2017 - Present)

Previous Experience

President of a division of Schlumberger Limited named Cameron Group, President and Chief Executive Officer of Cameron, President and Chief Operating Officer of Cameron, Chief Executive Officer of OneSubsea, President of the Subsea Systems division of Cameron, President of the Engineered and Process Valves division of Cameron.

View Holdings

Insider Holdings of R. Scott Rowe

FLSSLB

$20.26M

$4.04M (24.93%)

Last Insider Trade

FLS

$2.84M

FLS at $49.16/share

May 22, 2024

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