Former Cameron chief executive Scott Rowe is leaving Schlumberger to take over the chief executive’s job at Dallas-based equipment-maker Flowserve.

“I have long admired Flowserve, and have great respect for its extensive portfolio of product brands and its commitment to customer relationships,” Rowe said. “In recent years, the Board and management team have focused on restructuring the business, optimising its manufacturing footprint and realigning its workforce to strengthen the company’s competitive position.”