Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 20, 2009, Flowserve Corporation (the "Company") issued a press release announcing that it has established, effective immediately, the "Office of the CFO" and divided the responsibilities of the office between Richard J. Guiltinan, Jr., the Company's Vice President Finance and Chief Accounting Officer, and Dean P. Freeman, the Company's Vice President Finance and Treasurer. Mark A. Blinn, the Company's President and Chief Executive Officer, had served as the Company's chief financial officer through his promotion.
The establishment of the Office of the CFO results in Mr. Guiltinan maintaining his leadership role as principal accounting officer and assuming managerial responsibility for the Company's corporate tax function. Mr. Guiltinan is also designated as the Company's principal financial officer for external reporting purposes. Additionally, Mr. Freeman maintains his treasury leadership role and assumes managerial responsibility for the Company's financial planning and analysis and investor relations function.
Mr. Guiltinan, age 55, has served as the Company's principal accounting officer since 2004. Prior to joining the Company, Mr. Guiltinan served as CFO of Caltex Corporation, a joint venture between Chevron and Texaco. Mr. Freeman, age 45, joined the Company as vice president of finance for the Flowserve Pump Division in 2006 and was promoted to treasurer in May 2009. Prior to joining the Company, Mr. Freeman served as CFO of European Operations for Stanley Works Corporation. Neither Mr. Guiltinan nor Mr. Freeman has an employment agreement with the Company.
The press release issued by the Company on October 20, 2009 announcing the foregoing events is filed with this Current Report on Form 8-K as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description
99.1 Press Release, dated October 20, 2009.

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