Flow appoints new CEO
Flow International Corp., a manufacturer of ultrahigh-pressure waterjet technology, has appointed Charles "Charley" Brown as the company's new chief executive officer, effective upon the retirement of Stephen Light, whose plan to retire was announced in February 2007. Light will remain as CEO through the announcement of fiscal 2007 earnings and the earnings call, which is expected to take place July 12, and through the filing of the 2007 10-K. Brown's employment as CEO will begin immediately thereafter.
"I couldn't be more pleased that Charley will serve as Flow's next CEO. His demonstrated leadership and outstanding track record give us full confidence in his ability to drive growth within the company. We look forward to working with Charley and are excited to welcome him to the Flow team," said Kathryn Munro, Flow's Chairman of the Board. "On behalf of the board, we would like to thank Stephen Light for his leadership in the successful turnaround of Flow. Under his guidance, Flow increased value for shareholders and helped position the company for future growth. We wish him well in his future endeavors."
During Brown's 23 year career he has held ever increasing positions of responsibility and leadership at Johnson & Johnson, Black & Decker Corp., Masco Corp., and Pentair Inc. Most recently Brown was the president and COO of the Pump, Pool and Spa Divisions at Pentair.