Mueller Water Products Announces Update on Board Refreshment Plan
December 18 2024 - 4:50PM
Mueller Water Products, Inc. (NYSE: MWA) announced that its Board
of Directors has nominated Bentina Chisolm Terry and Leland Weaver
to join the Board for election at the Company’s Annual Meeting of
Stockholders on February 6, 2025. As part of the previously
announced Board refreshment plan, Dr. Lydia Thomas and Ms. Shirley
Franklin will retire from the Board at the Annual Meeting.
“On behalf of the entire Board, I extend my gratitude to Lydia
and Shirley for their contributions to Mueller and many years of
service on the Board. Lydia’s and Shirley’s leadership, wisdom and
expertise during their service have been enormously valuable to the
Company and our management team as we have executed on our strategy
to create value for shareholders. We also thank Brian Slobodow and
Niclas Ytterdahl for their service,” said Stephen C. Van Arsdell,
Non-Executive Chair of the Board.
Mr. Van Arsdell continued, “Today’s announcement reflects our
strong governance as we continue to drive value creation across our
business. The continuing evolution of the Board is a testament to
our commitment to bringing new viewpoints to the boardroom while
continuing to benefit from the guidance and experience of our more
tenured directors. With the addition of Bentina and Leland, who
most recently joined us as Board Observers, we are on course to
complete our board refreshment plan next year. We are confident
that each of our new directors will bring significant value to our
diverse Board.”
The Board’s slate for the Annual Meeting is comprised of
Christian A. Garcia, Thomas J. Hansen, Brian C. Healy, Christine
Ortiz, Jeffery S. Sharritts, Bentina Chisolm Terry, Stephen C. Van
Arsdell, Leland G. Weaver, and Marietta Edmunds Zakas. Following
the Annual Meeting, the Board will comprise nine directors, eight
of whom are independent and eight of whom will have been elected in
the last six years.
About Bentina Chisolm Terry
Ms. Bentina Chisolm Terry currently serves as the President and
CEO of Southern Linc and Southern Telecom, providing
mission-critical LTE wireless and dark fiber networks and services
to Southern Company electric utilities and external customers. She
is an accomplished senior executive with more than 25 years of
experience leading across a range of functions in the utility
industry and a strong track record of driving growth and
innovation. Prior to Southern Linc and Southern Telecom, Ms. Terry
served as Senior Vice President of Customer Strategy and Solutions
at Georgia Power. She joined Georgia Power in 2001, holding roles
of increasing responsibility across multiple departments. Ms. Terry
has led multiple environmental initiatives and has been responsible
for health and safety. During her time serving as General Counsel
for Southern Nuclear Operating Company, Ms. Terry led the Company
to receiving the most significant rate increase in its history,
ensuring continued service reliability and infrastructure upgrades.
Ms. Terry received her Bachelor of Arts from North Carolina State
University and a Juris Doctor from the University of
Michigan.
About Leland Weaver
Mr. Leland Weaver currently serves as the President of DuPont
Water & Protection. He is an accomplished senior executive with
extensive experience across various industries and global markets.
As President of the DuPont Water & Protection business, a
global business with $6 billion in revenue, Mr. Weaver oversees 34
manufacturing sites and 7,000 employees, as well as the strategy to
deliver sustainable, technology-based products and solutions for
water, shelter, and safety. He previously held leadership roles
within Dupont’s investor relations and business strategy arm. Mr.
Weaver has deep experience in both operational and manufacturing as
well as growth strategy and transformation, managing relationships
with institutional investors, and playing a pivotal role in
significant corporate transformation initiatives, including the
spin-off of DuPont’s Nutrition & Biosciences business and its
merger with International Flavors and Fragrances. Mr. Weaver has a
strong track record of building high-performance teams, managing
large-scale operations, and driving significant financial growth.
Mr. Weaver received his Bachelor of Science from the University of
Alabama and his master’s degree in business from the University of
Pennsylvania.
About Mueller Water Products, Inc.
Mueller Water Products, Inc. is a leading manufacturer and
marketer of products and services used in the transmission,
distribution and measurement of water in North America. Our broad
product and service portfolio includes engineered valves, fire
hydrants, pipe connection and repair products, metering products,
leak detection, pipe condition assessment, pressure management
products, and software that provides critical water system data. We
help municipalities increase operational efficiencies, improve
customer service and prioritize capital spending, demonstrating why
Mueller Water Products is Where Intelligence Meets Infrastructure®.
Visit us at www.muellerwaterproducts.com.
Mueller refers to one or more of Mueller Water Products, Inc.
(MWP), a Delaware corporation, and its subsidiaries. MWP and each
of its subsidiaries are legally separate and independent entities
when providing products and services. MWP does not provide products
or services to third parties. MWP and each of its subsidiaries are
liable only for their own acts and omissions and not those of each
other.
Investor Relations Contact: Whit
Kincaid770-206-4116wkincaid@muellerwp.com
Media Contact: Jenny
Barabas470-806-5771jbarabas@muellerwp.com
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