Flowserve CEO R Rowe's 2019 pay stays at $8.7M
Flowserve reports 2019 executive compensation
By ExecPay News
Published: April 9, 2020
Flowserve reported fiscal year 2019 executive compensation information on April 9, 2020.
In 2019, six Flowserve executives received on average a compensation package of $2.9M, a 16% decrease compared to previous year.
Average pay of disclosed executives at Flowserve
R. Scott Rowe, Chief Executive Officer, received $8.7M in total, which is about the same as previous year. 71% of Rowe's compensation, or $6.2M, was in stock awards. Rowe also received $324K of change in pension value and nonqualified deferred compensation earnings, $1M in non-equity incentive plan, $1.1M in salary, as well as $19K in other compensation.
For fiscal year 2019, the median employee pay was $64,075 at Flowserve. Therefore, the ratio of R. Scott Rowe's pay to the median employee pay was 135 to one.
Lee S. Eckert, Chief Financial Officer, received a compensation package of $2.7M, which is about the same as previous year. 61% of the compensation package, or $1.7M, was in stock awards.
David J. Wilson, President, Pumps Division, earned $1.7M in 2019, a 19% decrease compared to previous year.
Elizabeth L. Burger, Chief Human Resources Officer, received $1.7M in 2019, which increases by 1% compared to 2018.
Keith E. Gillespie, Senior VP and Chief Sales Officer, earned $1.6M in 2019, a 24% decrease compared to previous year.
John E. Jay Roueche, III, Vice President, Treasurer And Investor Relations, received $954K in 2019.
Related executives
R Rowe
Flowserve
Chief Executive Officer
Lee Eckert
Flowserve
Chief Financial Officer
John Roueche
Flowserve
Vice President, Treasurer And Investor Relations
David Wilson
Flowserve
President, Pumps Division
Keith Gillespie
Flowserve
Senior VP and Chief Sales Officer
Elizabeth Burger
Flowserve
Chief Human Resources Officer
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Source: SEC filing on April 9, 2020.