Flowserve (NYSE: FLS) reshapes pumps division and accounting leadership. Filing Impact (Moderate) Filing Sentiment Rhea-AI Filing summary. Flowserve Corporation announced leadership changes in its Flowserve Pumps Division and finance organization. Lamar Duhon, President of the Flowserve Pumps Division (FPD), has resigned to become President & CEO of a privately held company and will remain in his role until April 10, 2026. Matthew Klopfer, currently Vice President, Strategic Business Management for FPD and formerly Vice President, General Manager of Flowserve's Industrial Pumps Business Unit, will become President of FPD effective April 11, 2026. Flowserve also disclosed that Chief Accounting Officer Scott Vopni plans to retire as of June 30, 2026, and the company has started a search for his permanent successor. If a new Chief Accounting Officer is not in place by Mr. Vopni's retirement date, Chief Financial Officer Amy Schwetz will serve as interim Chief Accounting Officer until a replacement is identified, providing continuity in the company's financial leadership. 8-K event classification. Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers 03/26/2026 - 07:30 AM Faq. What leadership change did Flowserve (FLS) announce in its Pumps Division? Flowserve announced that Lamar Duhon resigned as President of the Flowserve Pumps Division, effective April 10, 2026. He will be succeeded by Matthew Klopfer, currently Vice President, Strategic Business Management for FPD, who becomes President of FPD on April 11, 2026. Who is replacing Lamar Duhon as President of Flowserve's Flowserve Pumps Division? Flowserve appointed Matthew Klopfer as President of the Flowserve Pumps Division, effective April 11, 2026. Klopfer previously led Flowserve's Industrial Pumps Business Unit, where he expanded margins, improved on-time delivery, and implemented the company's 80/20 complexity reduction program. What experience does Matthew Klopfer bring to his new role at Flowserve (FLS)? Matthew Klopfer has served as Vice President, Strategic Business Management for FPD and earlier as Vice President, General Manager of Flowserve's Industrial Pumps Business Unit. In that role, he expanded margins, improved customer delivery, and led implementation of Flowserve's 80/20 complexity reduction program. When is Flowserve's Chief Accounting Officer Scott Vopni retiring? Flowserve stated that Chief Accounting Officer Scott Vopni intends to retire from the company as of June 30, 2026. His planned retirement date provides time for a comprehensive search to identify and appoint a permanent successor to the Chief Accounting Officer role. Who will act as interim Chief Accounting Officer at Flowserve if no successor is found by June 30, 2026? If Flowserve has not appointed a new Chief Accounting Officer by June 30, 2026, Chief Financial Officer Amy Schwetz will serve as interim Chief Accounting Officer. She will hold this additional role until a permanent replacement is identified and appointed by the company. Why did Lamar Duhon resign from Flowserve's Flowserve Pumps Division? Flowserve reported that Lamar Duhon resigned as President of the Flowserve Pumps Division to accept a position as President and Chief Executive Officer of a privately held company. He will continue in his current role at Flowserve until his departure on April 10, 2026. Filing exhibits & attachments. 3 documents

Flowserve has appointed Brian Savoy, CFO of Duke Energy, to its board of directors and audit committee. The move adds senior finance and transformation experience to the industrial manufacturer's governance structure. Savoy brings experience from Duke Energy, where he has overseen large capital programmes, regulated returns and risk frameworks. His background includes roles as chief strategy and commercial officer and chief transformation officer, giving him expertise in cost management, process improvement and capital allocation. The appointment comes as Flowserve shares trade at $71.40, with mixed recent performance. The stock has delivered a 43.3% return over the past year and 137.8% over three years, though it has declined 19.4% in the past month. The governance update may influence investor expectations around capital allocation and operational improvement.

Remitly, an online money transfer platform backed by Jeff Bezos, is showing strong growth with active customers increasing 29.2% annually. The company's earnings per share grew 108% over the past three years, outpacing revenue gains, whilst its free cash flow margin expanded by 34.7 percentage points. Trading at $16.79 per share, Remitly's trailing 12-month free cash flow margin stands at 18.1%. Flowserve, a flow control equipment manufacturer, demonstrates solid fundamentals with a 31.2% gross margin and earnings per share growth of 29.8% over two years driven by share repurchases. Its free cash flow margin expanded 3.7 percentage points over five years, currently at 9.2%. Live Nation, however, faces challenges with annual sales growth of just 5.3% lagging peers and a below-average 4.3% operating margin. Its free cash flow margin of 6.6% is expected to decline.