Industry & Services >> CEO Interviews >> May 3, 1999

Bernard G. Rethore – Flowserve Corporation (fls)

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: Would you begin our discussion on Flowserve with a bit of a

background sketch, enough of a historical summary to put us into

context, what you see as your business and what you see as your