NORTH ANDOVER, Mass.--(BUSINESS WIRE)--
Watts Water Technologies, Inc. (NYSE: WTS) today announced the
appointment of Shashank Patel as Chief Financial Officer effective July
2, 2018.
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Watts Water Technologies Appoints Shashank Patel as Chief Financial Officer (Photo: Business Wire)
Mr. Patel joins Watts from Xylem Inc., where he most recently served as
Vice President of Finance for its Applied Water Systems, Dewatering and
America’s Commercial Team.
“We are very excited to welcome Shashank to Watts and to our global
leadership team,” said Robert J. Pagano, Jr., Chief Executive Officer
and President. “Shashank’s wealth of experience in manufacturing with a
focus on balancing capital deployment, finance, operations, and
strategic planning make him a perfect fit for our growing organization.”
During his career at Xylem, Mr. Patel held several leadership positions,
including serving as interim Chief Financial Officer for nine months in
2015 and 2016. Prior to that, Mr. Patel served as Chief Financial
Officer and Vice President, Finance for Xylem’s Applied Water Systems
division from 2010 to July 2015.
In total, Mr. Patel spent twenty one years working globally at ITT/Xylem
and held several leadership positions of increased responsibilities in
finance, operations, and engineering. Additionally, Mr. Patel spent
eight years working at Ernst & Young and obtained his CPA license in
1987.
“Under Bob’s leadership, Watts has continued to grow by focusing on
customer feedback and driving operational efficiencies throughout the
business,” said Mr. Patel. “Watts is positioned well for future growth
and continues to deliver strong financial performance and value to its
shareholders. I very much look forward to getting started and building
upon the positive momentum at Watts.”
Mr. Patel earned his MBA from Claremont Graduate University and his BS
in Chemical Engineering from the University of London.
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 companies and brands offer innovative plumbing, heating,
and water quality solutions for commercial, residential, and industrial
applications. For more information, visit www.wattswater.com.
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Source: Watts Water Technologies, Inc