New CEO takes over Cameron International

R. Scott Rowe has taken over the top job at Cameron International Corp. as part of a previously announced plan by the oil field services company to replace retiring CEO Jack Moore.

Rowe, a 13-year veteran of the company, most recently served as president and chief operating officer. He previously headed OneSubsea, the company’s joint venture with Schlumberger. Rowe replaces Moore, who had served as CEO since 2008.

The appointment comes as Schlumberger presses forward with a $12.7 billion deal to buy out Cameron, fusing together two firms that have been working together for two years on a joint project to develop new technologies that would boost oil production and recovery rates from difficult-to-tap deep-water reservoirs.

The takeover, announced in August, is expected to close early next year.

Moore announced in May that he planned to step down Oct. 5 but remain as the company’s chairman. The announcement came shortly after Rowe had been bumped up to a new role as the company’s second-in-command.

In an earlier statement announcing the succession plan, Moore praised Rowe for his experience, deep knowledge of Cameron and his broad business acumen.

 

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