Xylem Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Xylem Inc. on July 22, 2016. The report discloses a material change in the Company's senior management structure regarding the Controller and Chief Accounting Officer positions.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Resignation: John P. Connolly resigned as Vice President, Controller & Chief Accounting Officer to pursue another opportunity. His resignation is effective August 5, 2016.
- Appointment: E. Mark Rajkowski, Senior Vice President and Chief Financial Officer, will assume the role of principal accounting officer effective August 5, 2016.
- Transition: Mr. Connolly has agreed to assist the Company with the transition of his responsibilities.
Management Commentary and Background
Mr. Rajkowski joined Xylem in March 2016. Prior to this, he served as a strategic advisor to WestRock Company and as Senior Vice President and Chief Financial Officer of MeadWestvaco (MWV) from 2004 to 2015. He also serves on the board of directors of ACCO Brands Corporation and began his career at PriceWaterhouseCoopers LLP.
Key Facts for Investor Verification
- Confirm the effective date of the leadership transition (August 5, 2016).
- Verify the interim or permanent status of the Controller role under Mr. Rajkowski's oversight.
- Review subsequent filings for any impact on internal controls or financial reporting timelines due to the personnel change.