Watts Water appoints Andre Dhawan as COO; Munish Nanda to retire by May 2023

WATTS WATER TECHNOLOGIES INC

Andre Dhawan appointed COO effective Aug 15, 2022; previously President at Gilbarco Veeder-Root.
Munish Nanda steps down as President, Americas & Europe on Aug 15, will advise until retirement in May 2023.
Dhawan's base salary $550,000, target bonus 65% of salary, plus $175,000 cash sign-on bonus.
Deferred stock award of $1,050,000 vests in tranches: 15% Dec 30, 2022; 40% Feb 28, 2023; 30% Feb 28, 2024; 15% Feb 28, 2025.

item 5.02

Executive movements

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Departed

Munish Nanda

President of the Americas & Europe

WTS · WATTS WATER TECHNOLOGIES INC

Effective: 2022-08-15
Filed: July 19, 2022, 7:59 PM ET

In connection with Mr. Dhawan joining the Company, Munish Nanda will step down as President of the Americas & Europe effective as of August 15, 2022 and thereafter will provide transition and advisory services until his planned retirement from the Company in May 2023.

Appointed

Andre Dhawan

Chief Operating Officer

WTS · WATTS WATER TECHNOLOGIES INC

Effective: 2022-08-15
Filed: July 19, 2022, 7:59 PM ET

On July 19, 2022, Watts Water Technologies, Inc. (the “Company”) announced the appointment of Andre Dhawan as the Company’s Chief Operating Officer effective upon the commencement of his employment with the Company on August 15, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Munish Nanda departed as President of the Americas & Europe at WATTS WATER TECHNOLOGIES INC.

Action: step down
Role: President of the Americas & Europe

Exact text from the filing

In connection with Mr. Dhawan joining the Company, Munish Nanda will step down as President of the Americas & Europe effective as of August 15, 2022 and thereafter will provide transition and advisory services until his planned retirement from the Company in May 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andre Dhawan was appointed as Chief Operating Officer at WATTS WATER TECHNOLOGIES INC.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On July 19, 2022, Watts Water Technologies, Inc. (the “Company”) announced the appointment of Andre Dhawan as the Company’s Chief Operating Officer effective upon the commencement of his employment with the Company on August 15, 2022.

View on SEC.gov

WATTS WATER TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001558370-22-010819

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