Lanesha Minnix - Flowserve President

FLS Stock  USD 57.78  0.68  1.16%   

President

Ms. Lanesha Minnix is Senior Vice President and Chief Legal Officer of the Company. Ms. Minnix has served as Senior Vice President, Chief Legal Officer and Corporationrationrate Secretary since joining Flowserve in June 2018. Prior to joining Flowserve, Ms. Minnix served as Senior Vice President, General Counsel for BMC Stock Holdings, Inc., a leading provider of diversified building products and services. Prior to this role, Ms. Minnix was Vice President, Deputy General Counsel and Chief Compliance Officer for ABM Industries Incorporated, a Fortune 500 facility solutions company. Before her tenure with ABM Industries Incorporated, Ms. Minnix held roles with increasing responsibility at both Royal Dutch ShellShell Oil Company and Sprint Corporationrationration. Ms. Minnix began her career as a corporate associate at the law firm of KL Gates. since 2018.
Age 46
Tenure 6 years
Address 5215 North O'Connor Boulevard, Irving, TX, United States, 75039
Phone972 443 6500
Webhttps://www.flowserve.com
Minnix will join Flowserve from BMC Stock Holdings, Inc., a leading provider of diversified residential building materials, where she served as senior vice president, general counsel and corporate secretary, since 2017. In this role, she had responsibility for all legal, compliance and risk management matters for the company. Prior to BMC, Ms. Minnix was vice president, deputy general counsel and chief compliance officer, at ABM Industries Incorporated where she oversaw the legal operations and global compliance program. She was also the divisional general counsel for the Company international divisions, the Aviation and AirServ business and the Building and Energy Services business.

Flowserve Management Efficiency

The company has Return on Asset of 0.0603 % which means that on every $100 spent on assets, it made $0.0603 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1419 %, implying that it generated $0.1419 on every 100 dollars invested. Flowserve's management efficiency ratios could be used to measure how well Flowserve manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Flowserve's Return On Tangible Assets are comparatively stable compared to the past year. Return On Capital Employed is likely to gain to 0.18 in 2024, whereas Return On Equity is likely to drop 0.1 in 2024. At this time, Flowserve's Intangible Assets are comparatively stable compared to the past year. Other Assets is likely to gain to about 436 M in 2024, whereas Non Current Assets Total are likely to drop slightly above 1.4 B in 2024.
Flowserve has 1.4 B in debt with debt to equity (D/E) ratio of 0.84, which is OK given its current industry classification. Flowserve has a current ratio of 2.05, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Flowserve to invest in growth at high rates of return.

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Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. Flowserve Corporation was incorporated in 1912 and is headquartered in Irving, Texas. Flowserve Corp operates under Specialty Industrial Machinery classification in the United States and is traded on New York Stock Exchange. It employs 15000 people. Flowserve (FLS) is traded on New York Stock Exchange in USA. It is located in 5215 North O'Connor Boulevard, Irving, TX, United States, 75039 and employs 16,000 people. Flowserve is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification.

Management Performance

Flowserve Leadership Team

Elected by the shareholders, the Flowserve's board of directors comprises two types of representatives: Flowserve inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Flowserve. The board's role is to monitor Flowserve's management team and ensure that shareholders' interests are well served. Flowserve's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Flowserve's outside directors are responsible for providing unbiased perspectives on the board's policies.
David Roberts, Non-Executive Independent Chairman of the Board
John Garrison, Independent Director
Amy Schwetz, Chief Financial Officer, Senior Vice President
Carlyn Taylor, Independent Director
Karthik Sivaraman, Vice Innovation
John Friedery, Independent Director
Juan Carrera, Vice Excellence
Brian Boukalik, Senior Officer
Scott Vopni, Chief Accounting Officer, Vice President
Kirk Wilson, President of Flowserve's Flow Control Division
Tauseef Salma, VP Technology
Lars Rosene, Vice Affairs
Gayla Delly, Independent Director
Sujeet Chand, Independent Director
Susan Hudson, Chief VP
Ruby Chandy, Independent Director
Amy CPA, Senior CFO
Robert Rowe, President CEO, Director
R Rowe, President, Chief Executive Officer, Director
Doug Short, VP Officer
Michael McMurray, Independent Director
John Roueche, Vice President, Investor Relations, Treasurer
Roger Fix, Non-Executive Independent Chairman of the Board
John III, VP of Investor Relations and Treasurer
Tamara Morytko, President - Flowserve Pumps Division
Lanesha Minnix, Senior Vice President, Chief Legal Officer and Corporate Secretary
Lamar Duhon, President - Aftermarket Services and Solutions
Keith Gillespie, Senior Vice President and Chief Sales Officer
Elizabeth Burger, Chief Human Resource Officer, Senior Vice President
Sanjay Chowbey, President, Aftermarket Services and Solutions

Flowserve Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Flowserve a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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Additional Tools for Flowserve Stock Analysis

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