NYSE: WTS 136.34 +1.98 +1.47% Volume: 325,989 May 7, 2021

Watts Water Technologies Announces CEO Transition

January 26, 2011

NORTH ANDOVER, Mass., Jan 26, 2011 (BUSINESS WIRE) --

Watts Water Technologies, Inc. (NYSE: WTS) today announced that Patrick S. O'Keefe has resigned from his positions as President, Chief Executive Officer and Director of the Company for health reasons and that the Board of Directors has named David J. Coghlan, currently the Company's Chief Operating Officer, as President, Chief Executive Officer and Director, effective immediately. Mr. O'Keefe will remain with the Company in a non-executive advisory role for several months to assist with the transition.

Mr. Coghlan became the Company's Chief Operating Officer in January 2010, having originally joined the Company as President of North America and Asia in June 2008. Prior to joining the Company, Mr. Coghlan served as Vice President of Global Parts for Trane Inc., a global manufacturer of commercial and residential heating, ventilation and air conditioning equipment, from April 2004 through May 2008. Mr. Coghlan's previous experience includes several positions with Ingersoll-Rand Company Limited between 1995 and 2003, including Vice President and General Manager, International and Managing Director of Europe within the Climate Control Technologies segment. Prior to joining Ingersoll-Rand, Mr. Coghlan worked for several years with the management consulting firm of McKinsey & Co. in both the United Kingdom and the United States.

"David brings exceptional industry experience and knowledge and has a strong track record, both in his time at Watts and in his prior positions," said John K. McGillicuddy, Chairman of the Company's Board of Directors. "Watts remains focused on creating shareholder value through growth from expanding into new markets, developing new products for existing markets, making key acquisitions, and through continuous improvement in everything we do. David's experience and leadership skills make him the ideal candidate to lead the Company through its next phase."

"On behalf of the Board and the entire Company, I would like to thank Pat for his service to Watts since he joined the Company in 2002," continued Mr. McGillicuddy. "Under Pat's leadership, the Company experienced significant growth, both organic and acquired, embarked on a strategy of lean manufacturing, and emerged from the economic downturn of 2009 a stronger company. We are confident that the strategy which Pat, David and the rest of the Company's leadership team has developed and implemented over the past two years will continue to improve the performance of the business going forward. We wish Pat all the best in the years to come and we look forward to continued success under David's leadership."

Watts Water Technologies, Inc. is a world leader in the manufacture of innovative products to control the efficiency, safety, and quality of water within residential, commercial, and institutional applications. Its expertise in a wide variety of water technologies enables it to be a comprehensive supplier to the water industry.

SOURCE: Watts Water Technologies, Inc.

Watts Water Technologies, Inc.
William C. McCartney, 978-688-1811
Chief Financial Officer
Fax: 978-688-2976

IR Contact

Tim MacPhee, Treasurer,

Vice President Investor Relations



Company Information

Company Information


Bar has over 30 years of global experience with pneumatic and electric actuators as well as automatic valves, position indicators, and positioners.

Company Information

Year Founded: 2001

Black Teknigas

A leading manufacturer of combustion, industrial, medical, and laboratory gas control equipment.

Company Information

Year Founded: 1965


A leading provider of quality stainless steel drainage products and systems including floor drains, shower drains, pipe, channels, and accessories.

Company Information

Year Founded: 1982

Electro Controls

Electro Controls, Inc., specializes in the sales, installation, service, and support of commercial HVAC control and building management systems.

Company Information

Year Founded: 1987


A worldwide provider of energy efficient specialized piping.

Company Information

Year Founded: 1956


A leading provider of butterfly valves, protection regulation, shut off valves, and check & foot valves.

Company Information

Year Founded: 1987


A leading provider of high-quality, quarter-turn valve electric actuators.

Company Information

Year Founded: 1949


AERCO offers commercial boilers and water heaters that simplify infrastructure, reduce project costs and minimize lifecycle expenses for value-driven schools, hospitals and others seeking long-lasting, reliable, high-efficiency equipment.

Company Information

Year Founded: 1910

Ames Fire & Waterworks

A leading provider of backflow prevention assemblies, control valves, in-building risers, and strainers for the commercial fire protection market.

Company Information

Year Founded: 2003


Offers integrated rainwater harvesting systems for businesses, institutions, industrial facilities, and agricultural applications.

Company Information

Year Founded: 1946

Dormont Manufacturing Company

A leading manufacturer of safe, high-quality gas connectors and appliance safety products.

Company Information

Year Founded: 1924


An innovative leader and manufacturer of backflow prevention assemblies.

Company Information

Year Founded: 1980

HF scientific, inc.

A leader in instrumentation and measurement devices for compliance, process control, wastewater, ballast water, and water quality.

Company Information

Year Founded: 1956

Mueller Steam Specialty

A leading manufacturer of pipeline strainers, check valves, butterfly valves, suction diffusers, line blinds, and other specialty products for industrial applications.

Company Information

Year Founded: 1974

Orion Fittings

A leading manufacturer of acid waste, high purity, double containment, and polypropylene piping systems as well as neutralization tanks & monitoring equipment, floor drains, and sinks.

Company Information

Year Founded: 1891


Offers water tempering and temperature control solutions for the commercial and industrial temperature control markets.

Company Information

Year Founded: 1989


A leading provider of water purification systems for residential, light commercial, and food service applications.

Company Information

Year Founded: 1995

Sea Tech, Inc.

A leading provider of quick-connect fittings, manifolds, and valves made from engineered polymers for fluidic connections.

Company Information


SunTouch® is the premier radiant floor heating technology brand in North America.

Company Information

Year Founded: 1984

tekmar Control Systems Ltd.

Offers complete control solutions for radiant floor and baseboard heating systems, multi-stage boiler plants, and automatic snow melting systems.

Company Information

Year Founded: 2000

Watts Radiant

A leading provider of hydronic heating, floor warming, and snow melting systems & solutions.