Pool Corporation Announces Director Appointment

Rhea-AI Summary

Pool Corporation (NASDAQ: POOL) announced the appointment of Carlos A. Sabater to its Board of Directors effective July 5, 2022. Mr. Sabater, a certified public accountant with nearly 40 years of experience, previously held senior leadership roles at Deloitte & Touche and serves on the boards of KBR, Inc. and PDC Energy, Inc. This appointment increases the board size from nine to ten members, reinforcing Pool's commitment to a diverse and independent board to enhance shareholder value.

Positive

• Appointment of Carlos A. Sabater enhances board diversity and expertise.
• Mr. Sabater brings nearly 40 years of leadership and financial expertise.
• The board size increase may facilitate greater strategic oversight.

Negative

• None.

COVINGTON, La., July 08, 2022 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq/GSM:POOL) announced today that its Board of Directors (the Board) appointed Carlos A. Sabater to serve as a director upon recommendation of the Nominating and Corporate Governance Committee. The Board appointed him to serve effective July 5, 2022, until the 2023 annual meeting of shareholders, at which time he will stand for election by Pool Corporation’s shareholders. Mr. Sabater, a certified public accountant, holds exceptional credentials and brings with him nearly 40 years of leadership, accounting and financial expertise. Mr. Sabater currently serves on the Board of Directors of KBR, Inc. and PDC Energy, Inc. He recently retired as a senior global partner with Deloitte & Touche LLP where he held various senior leadership and operational roles, including CEO for both the United States and global audit practices. With this appointment, the Board increased its size from nine to ten members.

John E. Stokely, Chairman of the Board, commented, “Carlos’ tremendous business acumen, along with his extensive experience in advising global public companies, provides a valuable perspective to complement the skills and backgrounds of our board members. The appointment of Carlos to our Board reinforces our efforts to maintain a strong, diverse and independent Board with a continued mission to increase value for Pool Corporation shareholders.”

Pool Corporation is the world’s largest wholesale distributor of swimming pool and related backyard products. POOLCORP operates approximately 415 sales centers in North America, Europe and Australia through which it distributes more than 200,000 national brand and private label products to roughly 120,000 wholesale customers. For more information about POOLCORP, please visit www.poolcorp.com.

CONTACT:

Curtis J. Scheel
Director of Investor Relations
985.801.5341
curtis.scheel@poolcorp.com

FAQ

Who is Carlos A. Sabater?

Carlos A. Sabater is a newly appointed director of Pool Corporation with nearly 40 years of experience in leadership and accounting.

When was Carlos A. Sabater appointed to Pool Corporation's Board?

Carlos A. Sabater was appointed to Pool Corporation's Board effective July 5, 2022.

What is the significance of the board size increase at Pool Corporation?

The board size increased from nine to ten members with the appointment of Carlos A. Sabater, aimed at enhancing board diversity and strategic oversight.

What companies does Carlos A. Sabater currently serve on the board?

Carlos A. Sabater currently serves on the boards of KBR, Inc. and PDC Energy, Inc.