Xylem appoints Matthew Pine as CEO effective Jan 1, 2024; William Grogan as CFO effective Oct 1, 2023

Xylem Inc.

Patrick Decker retires as CEO effective Dec 31, 2023; will serve as senior advisor through March 31, 2024.
Matthew Pine, current COO, promoted to President and CEO effective Jan 1, 2024; joins Board.
CFO Sandra Rowland steps down Oct 1, 2023; William Grogan (ex-IDEX CFO) appointed as new CFO.
New CEO Pine gets $1.1M base, 135% AIP target, $6.5M LTIP; new CFO Grogan gets $725K base, $2M LTIP, $350K cash sign-on, $3.75M equity sign-on.
Company reaffirms Q3 and full-year 2023 guidance, indicating no change in outlook.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Mattew F. Pine

President and Chief Executive Officer

XYL · Xylem Inc.

Effective: 2024-01-01
Filed: September 5, 2023, 7:59 PM ET

Xylem's Board appointed Mattew F. Pine, age 52, as the Company's President and Chief Executive Officer to succeed Mr. Decker and to serve as a member of the Board, effective January 1, 2024.

Departed

Patrick K. Decker

President and Chief Executive Officer

XYL · Xylem Inc.

Effective: 2023-12-31
Successor: Mattew F. Pine
Filed: September 5, 2023, 7:59 PM ET

Patrick K. Decker will retire from his position as President and Chief Executive Officer and resign from the Board of Directors ("Board") effective December 31, 2023

Departed

Sandra E. Rowland

Senior Vice President

XYL · Xylem Inc.

Effective: 2023-10-01
Filed: September 5, 2023, 7:59 PM ET

Effective October 1, 2023, Sandra E. Rowland will cease to serve as Senior Vice Preside

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mattew F. Pine was appointed as President and Chief Executive Officer at Xylem Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Xylem's Board appointed Mattew F. Pine, age 52, as the Company's President and Chief Executive Officer to succeed Mr. Decker and to serve as a member of the Board, effective January 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick K. Decker resigned as President and Chief Executive Officer at Xylem Inc..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Patrick K. Decker will retire from his position as President and Chief Executive Officer and resign from the Board of Directors ("Board") effective December 31, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.7

Sandra E. Rowland departed as Senior Vice President at Xylem Inc..

Action: cease to serve
Role: Senior Vice President

Exact text from the filing

Effective October 1, 2023, Sandra E. Rowland will cease to serve as Senior Vice Preside

View on SEC.gov

Xylem Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-228080

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