Flowserve Corp. reported that its board of directors has elected Ken Siegel as an independent director and a member of the Audit Committee and Finance and Risk Committee of the board. Siegel is a Senior Vice President at Loews Corp.

responsible for monitoring the performance of Loews' operating businesses and focuses on strategic planning, mergers and acquisitions, corporate development, and financing activities. Siegel is a member of the board of directors of CNA Financial Corp., a publicly traded subsidiary of Loews, and he also serves on the board of Altium Packaging and is the chairman of the board of Boardwalk Pipelines. Additionally, Siegel has more than 30 years of experience in investment banking in New York and London.

He was head of Mergers & Acquisitions for several industry groups at Barclays Capital and Lehman Brothers.