Flowserve, a provider of flow control products and services for the global infrastructure markets, has appointed Michael Taff as senior vice president (SVP) and chief financial officer (CFO). Taff will formally join the company after completing his consulting duties with his former employer, which is expected in early 2012. He will report to Mark Blinn, president and chief executive officer (CEO).
Taff most recently served as SVP and CFO for The Babcock & Wilcox Company, a US$2.7bn clean energy technology and services company, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor.
Prior to that role, Taff was SVP and CFO for McDermott International, a US$6bn offshore oil and gas projects company, which spun off The Babcock & Wilcox Company. As McDermott CFO, Taff oversaw financial functions including accounting, tax, investor relations, treasury, internal audit and controls, financial reporting, and financial analysis and information technology. Taff earlier served as chief accounting officer (CAO) at McDermott.
Taff has also held finance leadership roles at HMT, Philip Services and British Petroleum Oil. He spent nine years in public accounting at Price Waterhouse, has a Bachelor of Business Administration degree in accounting from Stephen Austin State University and is a certified public accountant (CPA).
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.