10222019Tue
Last updateTue, 22 Oct 2019 7pm

BHGE Changes its Name to Baker Hughes Company

Baker Hughes, a GE company (BHGE) has successfully changed its name to Baker Hughes Company. The company will be known as Baker Hughes and on Oct. 18, 2019 its Class A common stock began trading on the New York Stock Exchange under the symbol “BKR”.

Since Baker Hughes has a portfolio that spans the entire energy value chain, this new name and brand better reflect its current and intended principal business operations and diversified portfolio.


EnPro Acquires LeanTeq to Boost Technetics Group

EnPro Industries has closed the acquisition of LeanTeq Co., Ltd., a privately held, Taiwan-based company. EnPro initially announced an agreement to acquire LeanTeq on July 22, 2019. LeanTeq will become part of EnPro’s Sealing Products segment and be integrated into its Technetics division.

Founded in 2011 and headquartered in Taoyuan City, Taiwan, LeanTeq has two locations in Taiwan and one in Silicon Valley, and approximately 260 employees.

Don Bowers Named Conval VP of Sales and Marketing

Don Bowers publicity photoConval President Don Curtin recently announced that Don Bowers, Jr. has been appointed Vice-President of Sales & Marketing. In this new role, he will be responsible for all domestic and global sales and marketing initiatives and results.

Bowers joined Conval in the spring of 2017 as Director of Sales - Nuclear & Key Accounts. His experience and knowledge base spans almost four decades in the thermal power and severe service valve industry. A graduate of the College of William & Mary, Bowers’ career has included positions at Graver Energy Systems, Bechtel Power, Crane, Velan and Weir, with over 35 years in key management positions in the valve industry. He is a member of ASME; Chairman of ASME Standards Committee IX; a member of the ASME SCIX’s Subgroup General Requirements and Subgroup Welding Qualifications; and Past Chairman and Member of the National Board Inspection Code's Sub-Committee on Overpressure Protection (NBIC-SCOP). He also serves on the Valve Manufacturers' Association Valve Magazine Editorial Review Board.

Flowserve Names Stamenkovic VP Marketing & Technology, Flow Control

Flowserve has appointed Dr. Igor Stamenkovic as vice president, marketing and technology of its flow control division.

In his role, he will be responsible for leading product management, marketing and engineering functions for Flowserve’s valve and valve control products.

He most recently served as director of global technology for Eaton Corporation. Dr. Stamenkovic is an experienced technology and product executive with an entrepreneurial background and brings more than 17 years of experience driving B2B business growth and go-to-market strategies for a variety of Fortune 500 and mid-size companies. His industry experience spans power and energy, oil and gas, data centers, commercial and residential sectors.

Sääskilahti Named Senior Vice President, Finance for Metso’s Valves Business

Simo Sääskilahti has been appointed senior vice president, finance for Metso’s Valves business area. During the course of creating Neles Corporation, he will be nominated for CFO of Neles.

He will start in the new position on October 15th, 2019, and will report to Olli Isotalo, president of the valves business area and the future CEO of Neles.

Sääskilahti joined Metso in 2011 and he has had several top management positions in the company, most recently serving as senior vice president, valves equipment in the valves business area.

Prior to his career in Metso, he has worked in management consulting and held management positions in the software business.

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