Industry & Services >> CEO Interviews >> November 17, 1999

Bernard G. Rethore – Flowserve Corporation (fls)

C. SCOTT GREER is Chairman, President and Chief Executive Officer of Flowserve Corporation. He has more than 25 years of experience in manufacturing, operations and accounting. He joined Flowserve as President and Chief Operating Officer in 1999 and assumed the additional roles of Chairman and Chief Executive Officer in 2000. Prior to joining Flowserve, Mr. Greer served for two years as President of UT Automotive, a global tier-one supplier of electrical, electronic and interior-trim systems and components to car and light-truck manufacturers. UT Automotive was a subsidiary of United Technologies Corporation and subsequent to Mr. Greer's employ a subsidiary of Lear Corporation. Before that, he was associated for 17 years with Echlin, Inc., an automotive parts supplier, where he served as President and Director for seven years and also as Chief Operating Officer for three years. He rose to the position of Group Vice President, International before being named President. Prior to that, Mr. Greer served as Senior Auditor ' International for four years at Rexnord Inc. He has been a Director of Flowserve Corporation since 1999 and also serves as a Director of FMC Corporation, Washington Group International and E-Medical Files. Mr. Greer is a Certified Public Accountant. He holds a Bachelor of Arts degree from St. Olaf College and both a Bachelor's degree in Business Administration and a Master of Science degree from the University of Wisconsin. He is fluent in four languages. Profile
BERNARD G. RETHORE is Chairman and Chief Executive Officer of Flowserve Corporation. Mr. Rethore came to Flowserve when the company was formed in 1997 from BW/IP, Inc., a Flowserve predecessor company, of which he was Chairman, President and Chief Executive Officer. He joined BW/IP in 1995 as President and CEO and was elected Chairman in early 1997. Previously, Mr. Rethore was President of Phelps Dodge Industries (PDI), the diversified manufacturing division of Phelps Dodge Corporation. He also was a Senior Vice President of Phelps Dodge Corporation and a member of its Senior Management Committee. Mr. Rethore began work for Phelps Dodge in 1989 as Group Executive for PDI and was elected President in 1990. Prior to joining Phelps Dodge he was President and CEO of Microdot Industries, the manufacturing business of Microdot Inc. He started with Microdot in 1973 as a division Vice President and General Manager. In 1977, he was named Vice President-Operations and Planning of Microdot's Connector Group. A year later, Mr. Rethore became President of the Business Development Group where he had operating responsibility for Microdot's sealing-device business, as well as corporate responsibility for planning and acquisitions. In 1982, he was elected President of Microdot's Fastening Systems and Sealing Devices groups. Prior to his career with Microdot, Mr. Rethore was an Associate and, later, Senior Engagement Manager in the Washington office of McKinsey & Company, Inc. He has been a consultant to senior management in private industry, the U.S. government and the United Nations. Mr. Rethore is a member of the Board of Directors of Belden Inc. and Maytag Corporation. He is a Trustee of Thunderbird, the American Graduate School of International Management, and the Phoenix Country Day School. Mr. Rethore earned a Bachelor of Arts degree in Economics from Yale University in 1962. In 1967, he received a Master of Business Administration degree from the Wharton School, where he was a Joseph P. Wharton Scholar and Fellow. Profile
TWST: Please begin by giving us a brief overview of Flowserve

Corporation, the company's history, products, services, customers, those

kinds of things.

Mr. Rethore (Chairman & CEO): The