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Flowserve Announces Unified Operational Structure; Promotes Thomas L. Pajonas to Chief Operating Officer

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Courtesy of Benzinga.

Flowserve Corporation (NYSE: FLS), today announced a new operational leadership structure, resulting in senior leadership changes, and certain 2011 financial data.  Highlights include:

* Forms unified operational leadership structure under newly created chief operating officer position * Thomas L. Pajonas promoted to chief operating officer * Thomas E. Ferguson to retire from company at end of 2012 * Reaffirms 2011 full year EPS target range of $7.45 to $7.85 * Full year 2011 bookings of $4.65 billion, up 10.0% compared to 2010 * Fourth quarter 2011 bookings of $1.13 billion, up 9.2% compared to fourth quarter 2010 * 2011 year-end cash balance of approximately $325 million

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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