FMC Technologies Inc. (NYSE: FTI) said May 9 its board has appointed Douglas J. Pferdehirt as president and CEO.
Pferdehirt's appointment is effective Sept. 1. He will succeed John T. Gremp, who will continue to serve as chairman of the board while the Houston company completes its transition to the new CEO.
"This is the perfect time for Doug Pferdehirt to become FMC Technologies' next CEO," Gremp said in a statement. "Doug is a strong leader who has demonstrated his ability to translate vision and strategy into solid execution as the company continues to drive results through integrated business models, innovative technology, standardization and superior execution."
After a 26-year career with Schlumberger Ltd. (NYSE: SLB), Pferdehirt, 52, joined FMC Technologies in 2012 as executive vice president and COO. He was appointed president in 2015.
Under Pferdehirt's leadership, FMC Technologies has established a platform for industry standardization, improved execution and enhanced customer relationships, the release said.
Gremp, 64, has served as CEO of FMC Technologies since 2011, having been with the company for 41 years. He will remain on the company's board as chairman until he retires in May 2017, at which time Pferdehirt will also assume the chairman role.
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