Watts Water CFO Patel to retire

Watts Water (WTS) Technologies announced Chief Financial Officer Shashank Patel has communicated his intention to retire on March 15, 2025 for personal reasons, after having served in this role since July 2018. Patel will continue as CFO until a successor is named to ensure a smooth transition. The Company has initiated a comprehensive search to identify a successor, which will include both internal and external candidates. Chief Executive Officer and President Robert J. Pagano Jr. commented, “On behalf of the Board of Directors and our executive leadership team, I want to thank Shashank for his partnership, dedicated leadership, and impactful contribution to our Company. Throughout his time as CFO, Watts has continued delivering profitable growth while increasing free cash flow and executing a balanced capital deployment strategy. We appreciate that he will continue to serve in his role until a successor is named and provide support during the transition period. We wish Shashank the very best upon his well-earned retirement.”