Cameron International Corp. (CAM) has named R. Scott Rowe as CEO in a planned leadership change, the company said May 11.

Rowe has served in his current position as president and COO since September 2014. The appointment, which will take effect later this year, is part of a long-range succession planning process for the Houston-based company.

Jack B. Moore, who is currently chairman and CEO, has advised the board of directors of his plan to retire as CEO on Oct. 5, 2015. Moore will continue to serve as chairman of the board beyond October.

"The board of directors has devoted a great deal of time and effort to the development of the company's succession plans for the CEO and other senior leadership positions," Moore said in a statement. "The changes we are announcing today are a direct result of this work."

He added, "Scott is a strong leader who has significant operating experience, an in-depth knowledge of Cameron and broad business acumen—and he is widely respected among our customers and employees. I know I speak for the entire board of directors when I say that Scott is ideally equipped to assume this leadership role and help drive the company to the next stage of its growth."