DALLAS (AP) -- Flowserve Corp., which makes flow-control products for the oil and gas industries, said Monday that Michael S. Taff is its new chief financial officer and senior vice president.
Richard J. Guiltinan, the company's current senior vice president, finance and chief accounting officer, plans to retire next year.
Taff will formally join the company after completing consulting duties with his former employer by early next year. The 49-year-old executive, most recently served as senior vice president and chief financial officer for The Babcock & Wilcox Co.
Taff will report to President and CEO Mark Blinn.
Shares of Flowserve fell $2.58, or 2.7 percent, to $94.37, in morning trading amid a broad sell-off in the stock market.
There are no comments yet