Watts Water Technologies Appoints Shashank Patel as Chief Financial Officer
June 11 2018 - 7:35AM
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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Watts Water Technologies, Inc.Timothy MacPheeTreasurer &
Vice PresidentInvestor RelationsPhone: 978-689-6201Fax:
978-794-0353
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