SPX FLOW Announces Departure of Chief Commercial Officer

Rhea-AI Summary

SPX FLOW, Inc. (NYSE: FLOW) announced that Dwight Gibson, the Chief Commercial Officer, will leave to become the CEO of a public company in the building materials sector, effective May 1. To maintain business continuity, senior members of the commercial team will collaborate with Marc Michael, the President and CEO. Gibson expressed gratitude for his time at SPX FLOW and acknowledged the skilled team he built. In 2020, SPX FLOW reported revenues of approximately $1.4 billion and operates in over 30 countries.

Positive

• SPX FLOW had approximately $1.4 billion in revenue for 2020.
• The company has a skilled team in place to ensure continuity after Gibson's departure.

Negative

• The departure of a key executive may disrupt company operations and strategy.

CHARLOTTE, N.C., April 19, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE: FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, today announced that Dwight Gibson, Chief Commercial Officer, is leaving the company to assume a new position.

Gibson will be leaving May 1 to assume the position of CEO with a public company that serves the building materials industry. In the interim and to ensure continuity, senior members of the SPX FLOW Commercial organization will work closely with Marc Michael, President and CEO, as well as the rest of the executive leadership team.

"On behalf of the SPX FLOW team, I would like to thank Dwight for his outstanding contributions to SPX FLOW. I'm proud and excited for Dwight to take this next step in his career journey," said Marc Michael, President and CEO.  "I am grateful for the highly skilled and diverse team he has assembled, who will continue to contribute enormous value for our organization."

"SPX FLOW is a special place made up of people with high integrity and a strategy that positions the Company well for phenomenal success. I am grateful to have had the opportunity to help shape the culture, build out capabilities and assemble a winning team," Gibson said. "I look forward to cheering for the team as they continue to create and deliver world class process solutions for customers."

About SPX FLOW, Inc.:
Based in Charlotte, N.C., SPX FLOW, Inc. (NYSE: FLOW) improves the world through innovative and sustainable solutions. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer and other activities that are integral to processes performed across a wide variety of nutrition, health and industrial markets. SPX FLOW had approximately $1.4 billion in 2020 annual revenues and has operations in more than 30 countries and sales in more than 140 countries. To learn more about SPX FLOW, please visit www.spxflow.com.

Media Contact:
Peter Smolowitz
External Communications Manager
Peter.Smolowitz@spxflow.com  
704-390-6918

View original content:http://www.prnewswire.com/news-releases/spx-flow-announces-departure-of-chief-commercial-officer-301271750.html

SOURCE SPX FLOW, Inc.

FAQ

What prompted Dwight Gibson's departure from SPX FLOW?

Dwight Gibson is leaving to become the CEO of a public company in the building materials industry.

When is Dwight Gibson leaving SPX FLOW?

Dwight Gibson will leave SPX FLOW on May 1.

What are the implications of Gibson's departure for SPX FLOW?

Gibson's departure may disrupt company operations, but senior members will work closely with the existing leadership.

What were SPX FLOW's revenues in 2020?

SPX FLOW reported approximately $1.4 billion in revenue in 2020.