Monday, Houston-based Cameron International Corp. (NYSE: CAM) announced CEO Jack Moore will retire in October. Moore will be replaced by R. Scott Rowe, who is currently the president and COO of the company. According to the firm, Moore will continue to serve as chairman.
Rowe has been in his current role for less than eight months and prior to that he was the CEO of OneSubsea, a joint venture between Cameron and Houston-based Schlumberger Ltd. (NYSE: SLB).
“Scott is a strong leader who has significant operating experience, an in-depth knowledge of Cameron and broad business acumen – and he is widely respected among our customers and employees,” according to Moore in a statement. “I know I speak for the entire board of directors when I say that Scott is ideally equipped to assume this leadership role and help drive the company to the next stage of its growth.”
Prior to his leadership role at Cameron, Moore held several executive positions with Houston-based Baker Hughes (NYSE: BHI).
Cameron is a leading provider of flow equipment and services to the oil and gas industry worldwide. The company generates annual bookings in excess of $8 billion with more than 24,000 employees at more than 250 locations around the world.