FMC Technologies announced that Peter D. Kinnear will be succeeded by John T. Gremp as President and Chief Executive Officer effective March 1, 2011. Additionally, Mr. Gremp has joined the Company's Board of Directors. Mr. Kinnear will continue in the role of Chairman of the Board until October 31, 2011, at which time Mr. Gremp will assume the additional role of Chairman of the Board.
Mr. Gremp was appointed President and Chief Operating Officer of FMC Technologies in April, 2010. During his 35 year career, he has held a variety of management roles, recently serving as the Executive Vice President of Energy Systems in 2007 and Vice President Energy Production in 2004.
Mr. Kinnear said, "John has done an excellent job continuing the worldwide growth of our businesses. His efforts to expand the Company's technology position and building our global presence have been outstanding."
In making the announcement, FMC's Board of Directors noted that the appointment of Mr. Gremp as President and Chief Executive Officer is a tremendous credit to Mr. Kinnear's leadership and his work regarding succession planning for the Company.
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