Evanko to step aside as Chart Industries CEO

Jillian Evanko is set to step down as President and CEO of the US-based cryogenic equipment manufacturer Chart Industries, as the company enters a $19bn merger-of-equals with Flowserve Corporation that will see Scott Rowe become CEO of the newly combined entity.

The combined company, whose name will be announced at a later date, will be headquartered in Dallas, with presence maintained in Atlanta and Houston.

With Rowe, who has been President and CEO of Flowserve for over eight years, becoming CEO of the combined company, Evanko will serve as Chair of the board of directors.

John Garrison will serve as the lead independent director of the company’s board.

The agreement was unanimously approved by the boards of directors of both companies. The deal is expected to close in Q4 this year.

Source: Chart Industries

Evanko was appointed as CEO at Chart in June 2018. During the years since, she oversaw acquisitions in key markets, the expansion of activities in its core areas of focus, and divestment of non-core assets.

Notably, Evanko led the company’s $4.4bn acquisition of UK-based air and gas handling products and service provider Howden in 2023. Now, with a larger deal under its belt, Evanko had said she is confident about the company’s future.

“Combining Chart and Flowserve creates a … platform, with the financial strength and resilience to continue driving growth and long-term value,” she said.