leadership
confidence high
sentiment neutral
materiality 0.35
Flowserve appoints Duke Energy CFO Brian Savoy to board; board size increased to 11
FLOWSERVE CORP
- Brian Savoy, EVP and CFO of Duke Energy, elected to Flowserve board effective March 16, 2026.
- Savoy joins Audit Committee and Technology, Innovation and Risk Committee; deemed independent and audit financial expert.
- Board increased size from 10 to 11 via bylaw amendment effective March 16, 2026.
- Savoy expected to be nominated for reelection at May 2026 annual meeting; board to reduce size after Ken Siegel departs.
- CEO cites Savoy's power industry and nuclear experience as key to expanding Flowserve's position in that market.