Flowserve Appoints Ajay Agrawal to Board of Directors

DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that its Board of Directors has elected Ajay Agrawal as a member of the Board of Directors, and appointed him to serve on the Organization and Compensation Committee and Technology, Innovation and Risk Committee, effective August 5, 2026. “We are incredibly excited to welcome Ajay to Flowserve’s Board,” said Scott Rowe, Flowserve President and Chief Executive Officer. “Ajay’s unique combination of portfolio leadership, aftermarket expertise and disciplined M&A experience across multiple industries will bring valuable perspective to Flowserve’s Board and management team as we strengthen our leading position serving the world’s critical industries and execute our long-term growth strategy.” Mr. Agrawal currently serves as the Chief Business Development Officer and Senior Vice President, Global Services at Carrier Global Corporation, a global climate and energy solutions company. His experience also includes serving as Carrier’s Chief Strategy Officer and Senior Vice President of its Global Services and Healthy Buildings business. Prior to his experience at Carrier, Mr. Agrawal was the President of Aftermarket Services at Collins Aerospace. “Ajay’s experience shaping portfolio strategy, executing complex M&A transactions and demonstrating leadership in the industrial manufacturing industry will further strengthen our Board,” said John Garrison, Chairman of the Flowserve Board of Directors. “His track record of driving profitable growth, advancing strategic transformation and building high-performing businesses will provide valuable insight as Flowserve continues to serve customers across critical infrastructure markets and creates long-term value for shareholders.” Mr. Agrawal holds a doctorate in engineering from the University of Missouri and an MBA from Carnegie Mellon University. About Flowserve: Flowserve Corporation is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the Company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s website at www.flowserve.com . Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition. The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: economic, political and other risks associated with our international operations, including military actions, trade embargoes, blockades or other closures of major trade lanes, epidemics or pandemics and changes to tariffs or trade agreements that could affect customer markets, particul