RYE BROOK, NY, March 3, 2014 -- Today, Xylem Inc. (NYSE: XYL), a global water technology company dedicated to solving the most challenging water issues, announced that Patrick K. Decker has been named President and Chief Executive Officer and will be appointed a member of the Board of Directors on Monday, March 17.
Decker joins the company from Harsco Corporation, where he has served as President and CEO. At Xylem, he succeeds Steven R. Loranger who will remain a member of the Xylem Board. Loranger was Chairman, President and CEO of ITT Corporation when it spun its water businesses off as Xylem in October 2011.
"The Board of Directors selected Patrick because of his leadership qualities, proven track record leading large global businesses, and extensive knowledge of the water industry," said Markos I. Tambakeras, Chairman of the Board of Directors of Xylem Inc. "Patrick understands the economic and social implications surrounding water. Along with the Board of Directors, he is committed to a smooth transition, maintaining the strategic direction of Xylem, improving operational efficiencies and growing the business to maximize shareholder return."
Xylem will host a conference call on Tuesday, March 4, at 9 a.m. EST, to introduce Decker to the investment community. The briefing can be monitored live by calling +1 (973) 935-2945 (ID # 7851564) or by visiting investors.xyleminc.com. A replay of the briefing will be available on the website and via telephone until Tuesday, March 18, at 6 p.m. EST. The telephone replay will be available at +1 (404) 537-3406 (ID #7851564).
About Xylem
Xylem is a global water technology provider, enabling customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings. The company does business in more than 150 countries through a number of market-leading product brands, and its people bring broad applications expertise with a strong focus on finding local solutions to the world’s most challenging water and wastewater problems. For more information, visit www.xyleminc.com.
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