Watts Water Technologies Elects Kenneth Napolitano to Its Board of Directors

Rhea-AI Summary

Watts Water Technologies, Inc. appoints Kenneth Napolitano to its Board of Directors, bringing extensive experience in the water and industrial process markets. Napolitano's background includes senior roles at Xylem, Inc. and ITT Corporation, making him a valuable addition to the Governance and Sustainability Committee.

Positive

• Appointment of Kenneth Napolitano, a seasoned global executive, to the Board of Directors.
• Napolitano's significant experience in the water and industrial process markets.
• Napolitano's past senior roles at Xylem, Inc. and ITT Corporation.
• Napolitano's expertise in new product development, strategic planning, and operational excellence.
• Watts Water Technologies' position as a global manufacturer with a wide range of plumbing, heating, and water quality products.

Negative

• None.

NORTH ANDOVER, Mass.--(BUSINESS WIRE)-- Watts Water Technologies, Inc. (NYSE: WTS) today announced the election of Kenneth Napolitano as a member of the Board of Directors. Mr. Napolitano was also appointed by the Board to serve as a member of the Governance and Sustainability Committee of the Board of Directors.

Mr. Napolitano served as Senior Vice President and President of the Applied Water Systems and Americas Commercial Team of Xylem, Inc. from 2017 until his retirement in 2020, and as Senior Vice President and President of Applied Water Systems at Xylem from 2011 to 2017. Xylem is a global designer, manufacturer and equipment and service provider for water and wastewater applications which spun off from ITT Corporation in 2011. Prior to the spin-off, Mr. Napolitano held several management roles at ITT from 1998 to 2011, including President of Residential and Commercial Water, President of the Industrial Products Group, Vice President of Sales and Service Operations, Americas, General Manager of PumpSmart Control Solutions and Director of Distributor Sales. Mr. Napolitano held several sales and sales management roles at Goulds Pumps, Inc. from 1984 to 1998, which was acquired by ITT in 1997.

“Ken is a seasoned global executive with almost four decades of experience in the water and industrial process markets,” said Robert J. Pagano, Jr., Watts Chief Executive Officer, President and Chairperson of the Board. “We believe Ken’s deep understanding of our industry, products and sales channels will be a valuable asset to our Board in the areas of new product and solution development, strategic planning, and operational excellence.”

Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions to control the efficiency, safety, and quality of water within commercial, residential, and industrial applications. For more information visit www.watts.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240313201036/en/

Watts Water Technologies, Inc.

Diane McClintock

Senior Vice President FP&A and Investor Relations

Telephone: 978-689-6153

Email: investorrelations@wattswater.com

Source: Watts Water Technologies, Inc

FAQ

Who was appointed as a member of the Board of Directors at Watts Water Technologies?

Kenneth Napolitano was appointed as a member of the Board of Directors at Watts Water Technologies.

What is Kenneth Napolitano's background in the industry?

Kenneth Napolitano has almost four decades of experience in the water and industrial process markets.

Which companies did Kenneth Napolitano work for before joining the Board of Directors at Watts Water Technologies?

Kenneth Napolitano worked for Xylem, Inc. and ITT Corporation before joining the Board of Directors at Watts Water Technologies.

What expertise does Kenneth Napolitano bring to the Board of Directors?

Kenneth Napolitano brings expertise in new product development, strategic planning, and operational excellence to the Board of Directors.

What type of products does Watts Water Technologies manufacture?

Watts Water Technologies manufactures a wide range of plumbing, heating, and water quality products.