NYSE: WTS 98.84 +0.65 +0.66% Volume: 140,353 September 29, 2020

Mario Sanchez Promoted to President and Group Managing Director of EMEA Following Retirement of J. Dennis Cawte

June 17, 2013

NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Jun. 17, 2013-- Watts Water Technologies, Inc. (NYSE: WTS) today announced that J. Dennis Cawte, the Company’s Group Managing Director, EMEA, has decided to retire after more than eleven years of service. The Company also announced that Mario Sanchez, the Company’s Vice President of Plumbing and Heating, EMEA, will succeed Mr. Cawte as President and Group Managing Director, EMEA.

David Coghlan, the Company’s Chief Executive Officer, said, “I am very pleased to announce the promotion of Mario Sanchez to President and Group Managing Director, EMEA. As Vice President of Plumbing and Heating, EMEA, Mario has made great strides in improving the efficiency and productivity of our business in Europe, the Middle East and Africa (“EMEA”). I am confident that Mario is ready to assume responsibility for our overall EMEA business and I believe that the transition will be seamless.”

Mr. Sanchez joined the Company in January 2012 as Vice President of Plumbing and Heating, EMEA. Mr. Sanchez previously served as Vice President of Global Manufacturing for Johnson Controls, Inc. from September 2008 to January 2012. Johnson Controls is a global diversified technology and industrial company providing products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Before joining Johnson Controls, Mr. Sanchez served as Vice President of Global Operations for Tyco International, Ltd. from December 2006 to August 2008. Tyco is a global provider of fire protection and security products and services. Prior to Tyco, Mr. Sanchez held several global management positions with Ingersoll-Rand plc.

Mr. Coghlan also said, “I want to thank Dennis Cawte for his outstanding contributions to Watts Water over his long and distinguished career and for the central role he has played in the growth of our business in EMEA. Dennis has made substantial contributions on the growth of our business in EMEA through his role in several strategic acquisitions the Company has completed in EMEA since Dennis joined us in 2001 and on his focus on building a strong management team able to perform in a very challenging business climate. Those of us who have had the privilege of working with Dennis have great respect for his business acumen, his passion for the business and his dedication during his many years of service to Watts Water. I wish Dennis the very best as he retires.”

Watts Water Technologies, Inc., through its subsidiaries, 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.

This Press Release may include statements that are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements about the Company’s ability to take advantage of a market recovery. These forward-looking statements reflect the Company’s current views about future results of operations and other forward-looking information. In some cases you can identify these statements by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should” and “would” or similar words. You should not rely on forward-looking statements because the Company’s actual results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the heading “Item 1A. Risk Factors” in the Watts Water Technologies, Inc. Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities Exchange Commission and other reports the Company files from time to time with the Securities and Exchange Commission. The Company does not intend to, and undertakes no duty to, update the information contained in this Press Release, except as required by law.

Source: Watts Water Technologies, Inc.

Watts Water Technologies, Inc.
Dean P. Freeman, 978-688-1811
Chief Financial Officer
Fax: 978-688-2976

IR Contact

Tim MacPhee, Treasurer,

Vice President Investor Relations

978-689-6201

investorrelations@wattswater.com

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