Mueller Water Products appoints Paul McAndrew as CEO effective Feb 9, 2026; Zakas retires

Mueller Water Products, Inc.

CEO Martie Zakas retires effective Feb 9, 2026; will serve as Senior Advisor through Dec 31, 2026.
Paul McAndrew (current President/COO) appointed CEO, nominated to Board; base salary $915k, target bonus 100% of salary.
McAndrew receives target LTI of 370% of salary; severance equals 300% base salary if terminated without cause.
Zakas gets prorated FY2026 bonus at greater of target/actual, $2M equity award, COBRA subsidy.

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