Flowserve Corporation, (NYSE: FLS), a leading provider of flow control
products and services for the global infrastructure markets, announced
today that Lanesha Minnix will join Flowserve as senior vice president
and chief legal officer, beginning Monday, June 11.
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Lanesha Minnix, Flowserve Chief Legal Officer (Photo: Business Wire)
Ms. Minnix will join Flowserve from BMC Stock Holdings, Inc., a leading
provider of diversified residential building materials, where she served
as senior vice president, general counsel and corporate secretary, since
2017. In this role, she had responsibility for all legal, compliance and
risk management matters for the company.
Prior to BMC, Ms. Minnix was vice president, deputy general counsel and
chief compliance officer, at ABM Industries Incorporated where she
oversaw the legal operations and global compliance program. She was also
the divisional general counsel for the Company’s international
divisions, the Aviation and AirServ business and the Building and Energy
Services business.
“I am extremely pleased to welcome Lanesha to our executive leadership
team and look forward to leveraging her leadership and legal experience
in many of the industries we serve. I know that her nearly two decades
of global legal experience will help drive a continued focus on ethics
and integrity, as well as serve to support our ongoing Flowserve 2.0
transformation efforts,” said Scott Rowe, Flowserve president and chief
executive officer.
Additionally, Ms. Minnix served as senior legal counsel for Shell Oil
Company. While at Shell, she managed the legal support for the
production start-up of Pearl GTL, the company’s $19 billion capital
investment project in Qatar. She also served as lead counsel for the
retail lubricants and downstream aviation business.
“I look forward to joining Flowserve at an exciting time in its
transformation efforts. This company has both the industry-leading
product brands, the global footprint and customer relationships to grow
into the flow control leader across the industries it serves. I’m
thrilled to lead the legal organization as part of this effort while
helping the business achieve its success,” said Minnix.
Early in her career, Ms. Minnix was corporate counsel at Sprint and a
corporate associate at K&L Gates.
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. More information about Flowserve can be obtained by
visiting the company’s Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934, which are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, as amended. Words or phrases such as
"may," "should," "expects," "could," "intends," "plans," "anticipates,"
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expressions are intended to identify forward-looking statements, which
include, without limitation, earnings forecasts, statements relating to
our business strategy and statements of expectations, beliefs, future
plans and strategies and anticipated developments concerning our
industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based
on our current expectations, projections, estimates and assumptions.
These statements are only predictions, not guarantees. Such
forward-looking statements are subject to numerous risks and
uncertainties that are difficult to predict. These risks and
uncertainties may cause actual results to differ materially from what is
forecast in such forward-looking statements, and include, without
limitation, the following: a portion of our bookings may not lead to
completed sales, and our ability to convert bookings into revenues at
acceptable profit margins; changes in global economic conditions and the
potential for unexpected cancellations or delays of customer orders in
our reported backlog; our dependence on our customers’ ability to make
required capital investment and maintenance expenditures; risks
associated with cost overruns on fixed-fee projects and in taking
customer orders for large complex custom engineered products; the
substantial dependence of our sales on the success of the oil and gas,
chemical, power generation and water management industries; the adverse
impact of volatile raw materials prices on our products and operating
margins; our ability to execute and realize the expected financial
benefits from our strategic manufacturing optimization and realignment
initiatives; economic, political and other risks associated with our
international operations, including military actions or trade embargoes
that could affect customer markets, particularly Middle Eastern markets
and global oil and gas producers, and non-compliance with U.S.
export/re-export control, foreign corrupt practice laws, economic
sanctions and import laws and regulations; increased aging and slower
collection of receivables, particularly in Latin America and other
emerging markets; our exposure to fluctuations in foreign currency
exchange rates, including in hyperinflationary countries such as
Venezuela; our furnishing of products and services to nuclear power
plant facilities and other critical processes; potential adverse
consequences resulting from litigation to which we are a party, such as
litigation involving asbestos-containing material claims; a foreign
government investigation regarding our participation in the United
Nations Oil-for-Food Program; expectations regarding acquisitions and
the integration of acquired businesses; our ability to anticipate and
manage cybersecurity risk, including the risk of potential business
disruptions or financial losses; our relative geographical profitability
and its impact on our utilization of deferred tax assets, including
foreign tax credits; the potential adverse impact of an impairment in
the carrying value of goodwill or other intangible assets; our
dependence upon third-party suppliers whose failure to perform timely
could adversely affect our business operations; the highly competitive
nature of the markets in which we operate; environmental compliance
costs and liabilities; potential work stoppages and other labor matters;
our inability to protect our intellectual property in the U.S., as well
as in foreign countries; obligations under our defined benefit pension
plans; and other factors described from time to time in our filings with
the Securities and Exchange Commission.
All forward-looking statements included in this news release are based
on information available to us on the date hereof, and we assume no
obligation to update any forward-looking statement.
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