Scott Rowe Joins Quanta Services Board of Directors

Rhea-AI Summary

Quanta Services, Inc. (NYSE:PWR) has appointed Scott Rowe to its Board of Directors, enhancing its leadership team with his extensive operations and financial experience in the energy sector. Rowe has been the President and CEO of Flowserve Corporation since April 2017 and has previous roles at Schlumberger and Cameron International. His appointment aims to bring new perspectives to Quanta's board. David McClanahan, the independent Chairman, expressed enthusiasm for Rowe's contributions to the company's growth.

Positive

• Scott Rowe's extensive experience in energy and industrial sectors could enhance Quanta's strategic direction.
• His leadership roles at Flowserve and Schlumberger may provide valuable insights into operational efficiencies.

Negative

• Rowe's transition into Quanta may result in a temporary disruption as he acclimates to the new role.
• Concerns about continuity in vision and leadership during the transition phase.

Adds Extensive Executive-Level Leadership, Operations Expertise & Financial Experience in the Energy & Industrial Industries

HOUSTON, July 18, 2022 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today the appointment of Scott Rowe to the company's Board of Directors. He brings extensive executive-level leadership, operations expertise and financial experience to Quanta's board.

David McClanahan, Quanta Services' independent Chairman of the Board, commented, "We are pleased to welcome Scott to the Quanta Services Board of Directors. He is an accomplished public company executive and director, with extensive energy and industrial experience. We look forward to working with Scott and are excited about the perspective he will provide to Quanta's board and to the company."

Since April 2017, Mr. Rowe has served as President, Chief Executive Officer and a director of Flowserve Corporation, a publicly traded developer and manufacturer of precision-engineered flow control systems that support global infrastructure industries, including energy, chemical, power generation and water management, and certain general industrial markets. From 2016 to 2017, Mr. Rowe served as President of Cameron Group of Schlumberger Ltd., an operating company of Schlumberger Limited, a publicly traded company that provides solutions and technologies to energy customers. Additionally, prior to Schlumberger's acquisition of Cameron International Corporation in 2016, he served in various roles of increasing responsibility with Cameron International, including as President and Chief Executive Officer from 2015 to 2016, as President and Chief Operating Officer from 2014 to 2015, as a director from 2014 to 2016 and as a division president from 2008 to 2014. Mr. Rowe also previously served as a captain in the United States Army and holds a Bachelor of Science degree in Engineering Management and a Master of Business Administration degree.

About Quanta Services
Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.

Investors - Kip Rupp, CFA	Media – Liz James
Quanta Services, Inc.	FGS Global
(713) 341-7260	(281) 881-5170

 

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SOURCE Quanta Services, Inc.

FAQ

Who is Scott Rowe and what is his role at Quanta Services?

Scott Rowe has been appointed to the Board of Directors at Quanta Services, bringing extensive experience from his previous roles as CEO of Flowserve and President of Schlumberger's Cameron Group.

What impact will Scott Rowe's appointment have on Quanta Services?

Rowe's appointment could lead to strategic enhancements in Quanta's operations, leveraging his expertise in the energy industry.

When was Scott Rowe appointed to the Board of Directors of Quanta Services?

Scott Rowe was appointed on July 18, 2022.

What are Scott Rowe's previous positions before joining Quanta Services?

Prior to joining Quanta, Rowe served as President and CEO of Flowserve Corporation and held various leadership roles at Schlumberger and Cameron International.