CIRCOR International, Inc., a leading provider of flow control solutions and other highly engineered products for the Industrial, Energy and Aerospace & Defense markets, announced that Chief Financial Officer Rajeev Bhalla will depart CIRCOR. Mr. Bhalla has agreed to remain in his current role and assist with an orderly transition until a successor has been named. The Company has engaged a leading executive search firm to conduct a search for a replacement and intends to evaluate both internal and external candidates.
Scott Buckhout, President and Chief Executive Officer, commented, “I want to thank Rajeev for all his contributions to the Company over the last five years, including his work to help guide CIRCOR through its transformative acquisition of the Fluid Handling business. Given strong top-line momentum, clear progress in our organizational re-alignment and integration efforts, and confidence in our long-term growth, cash flow and margin targets, we believe now is the right time to make this transition. We appreciate that Rajeev has agreed to remain with the Company while we conduct a search for a new finance leader and wish him all the best in his future endeavors.”
Mr. Bhalla added, “I’m grateful for my time at CIRCOR and am confident that the Company’s strong financial foundation positions it for continued success. I look forward to working with the team to ensure a seamless transition.”