Flowserve Corporation elected Brian D. Savoy, Executive Vice President and Chief Financial Officer of Duke Energy, as a new independent director effective March 16, 2026, filling a newly created seat after amending its By-Laws to increase the Board from ten to eleven directors. Mr. Savoy was appointed to the Audit Committee and Technology, Innovation and Risk Committee, and qualifies as an audit committee financial expert.
Key takeaways
Brian D. Savoy elected to Board of Directors effective March 16, 2026.
Board size increased from ten to eleven directors via By-Laws amendment approved March 12, 2026, effective March 16, 2026.
Mr. Savoy appointed to Audit Committee and Technology, Innovation and Risk Committee.
Mr. Savoy qualifies as independent director under NYSE standards and as audit committee financial expert.
Mr. Savoy expected to be nominated for reelection at 2026 annual meeting of shareholders.
Compensated per non-employee director arrangements in April 2, 2025 proxy statement.