Xylem names new CFO, CEO; shares drop

Xylem

05/09/2023 15:05

** Shares of water tech co Xylem  XYL.N  fall 3.8% to $98.76
    ** Xylem's Chief Operating Officer, Matthew Pine, to assume
the CEO position effective January 1, 2024
    ** President and Chief Executive Officer Patrick Decker to
retire as CEO at the end of 2023
    ** Co appoints William Grogan as the new CFO, succeeding
Sandra Rowland, effective October 1
    ** Grogan was formerly the CFO at INDEX Corporation
    ** Xylem reaffirms Q3 and FY23 forecast
    ** Eight of 17 brokerages rate the stock "buy" or higher,
eight "hold" and 1 "sell"; median PT is $126.50
    ** Including session's losses, XML had fallen 10.6% YTD

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))