Waters Corporation Announces CFO Transition
December 03 2020 - 5:59AM
Business Wire
Sherry Buck to Step Down as CFO, Effective
December 31, 2020
Michael Silveira Appointed Interim CFO,
Effective January 1, 2021
Waters Corporation (NYSE:WAT) today announced that Sherry Buck
will step down as Chief Financial Officer, effective December 31,
2020, in order to pursue another opportunity at a privately held
company. Upon her departure, Michael F. Silveira, Vice President
and Corporate Controller of Waters, will assume the role of interim
Chief Financial Officer. Ms. Buck will work alongside Mr. Silveira
in order to facilitate a smooth transition. Waters has been
actively working with a leading search firm to identify a permanent
CFO, and the process is advancing well with several strong internal
and external candidates.
“On behalf of the Board and management, I want to thank Sherry
for her contributions to Waters over the last four years. I am also
personally grateful for her help during my transition into Waters.
Our dedicated and talented finance team is extremely well
positioned to continue transforming the business and delivering on
our objectives. We wish Sherry all the best in her next role,”
commented Dr. Udit Batra, President and Chief Executive Officer of
Waters Corporation. “We are pleased to have a leader of Mike’s
caliber to serve as interim CFO. Throughout his 16 years at Waters,
Mike has developed a deep understanding of our business, strategy
and financial goals. The Board and I have the utmost confidence in
Mike’s ability to focus on continued execution.”
Mr. Silveira joined Waters in 2004 as Assistant Corporate
Controller. He was appointed Vice President & Corporate
Controller in 2013, and, in 2018, gained increased responsibilities
including oversight of treasury, tax and corporate financial
planning and analysis. He is a Certified Public Accountant and has
held several senior financial management positions with Astro-Med,
Inc (nka AstroNova), Textron, Inc. and KPMG. Mr. Silveira received
a B.S. in Accounting from Providence College.
About Waters
Waters Corporation (NYSE:WAT), the world's leading specialty
measurement company, has pioneered chromatography, mass
spectrometry, and thermal analysis innovations serving the life,
materials, and food sciences for more than 60 years. With more than
7,000 employees worldwide, Waters operates directly in 35
countries, including 15 manufacturing facilities, and with products
available in more than 100 countries.
Cautionary Statement
This release contains “forward-looking” statements regarding
future results and events, including statements regarding Ms.
Buck’s departure, the appointment of Mr. Silveira as interim chief
financial officer and the process to find a permanent replacement
for Ms. Buck. For this purpose, any statements that are not
statements of historical fact may be deemed forward-looking
statements. Without limiting the foregoing, the words “will,”
“feels”, “believes”, “anticipates”, “plans”, “expects”, “intends”,
“suggests”, “appears”, “estimates”, “projects”, and similar
expressions, whether in the negative or affirmative, are intended
to identify forward-looking statements. Actual future results and
events may differ significantly from the results and events
discussed in the forward-looking statements within this release for
a variety of reasons, including the factors that are discussed in
the sections entitled “Forward-Looking Statements” and “Risk
Factors” of the Company’s annual report on Form 10-K for the year
ended December 31, 2019 as filed with the Securities and Exchange
Commission (“SEC”), as updated by the Company’s subsequent filings
with the SEC. The forward-looking statements included in this
release represent the Company’s estimates or views as of the date
of this release and should not be relied upon as representing the
Company’s estimates or views as of any date subsequent to the date
of this release. Except as required by law, the Company does not
assume any obligation to update any forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20201203005287/en/
Waters Corporation Bryan Brokmeier, 508-482-3448
investor_relations@waters.com Senior Director Investor
Relations
Waters Corporation Kevin Kempskie, 617-413-4333 pr@waters.com
Senior Director Public Relations
Waters (NYSE:WAT)
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