Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, announced that its board of directors has elected Ken Siegel as an independent director and a member of the Audit Committee and Finance and Risk Committee of the board, effective August 16, 2022.
“We are excited to welcome Ken to our board of directors,” said Scott Rowe, Flowserve President and Chief Executive Officer. “Ken’s deep experience in corporate development, mergers and acquisitions, and strategic planning will be extremely valuable as we continue to position Flowserve for long-term growth through our Diversify, Decarbonize and Digitize strategy.”
Mr. Siegel is a Senior Vice President at Loews Corporation responsible for monitoring the performance of Loews’ operating businesses and focuses on strategic planning, mergers and acquisitions, corporate development, and financing activities. Mr. Siegel is a member of the board of directors of CNA Financial Corporation, a publicly traded subsidiary of Loews, and he also serves on the board of Altium Packaging and is the chairman of the board of Boardwalk Pipelines. Additionally, Mr. Siegel has more than 30 years of experience in investment banking in New York and London. He was head of Mergers & Acquisitions for several industry groups at Barclays Capital and Lehman Brothers.
“The board looks forward to the addition of Ken’s expertise,” said David Roberts, Chairman of the Flowserve Board of Directors. “We believe his perspective and insights will be beneficial as we continue to drive profitability and long-term value creation for all shareholders.”
Mr. Siegel holds a Bachelor of Science in industrial and labor relations from Cornell University and a Master of Business Administration from Harvard Business School. He is also a member of the Council on Foreign Relations and was a past member of the Advisory Council of the College of Agriculture and Life Sciences at Cornell University.
“I am honored to join the Flowserve board of directors and work together with Flowserve’s leadership team to help drive the company’s strategic profitable growth,” said Mr. Siegel. “Flowserve has a clear direction with its 3D strategy, and I am excited to see the company continue to build on the momentum of its Diversification, Decarbonization and Digitization efforts to support the needs of its customers today and in the future.”
Courtesy of Flowserve.