Mueller Water Products Board Refreshment Strategy Update

Mueller Water Products Board Refreshment Strategy Overview

Mueller Water Products, Inc. (NYSE: MWA) is reinforcing its commitment to good governance with an exciting announcement regarding its board structure. The company has nominated two new members, Bentina Chisolm Terry and Leland Weaver, to its Board of Directors. This change is part of a comprehensive strategy aimed at enhancing board diversity and strengthening leadership insights as the company navigates its future.

New Board Members Joining Mueller Water Products

The nomination of Bentina Chisolm Terry and Leland Weaver represents a significant step forward for Mueller Water Products. Both nominees come with extensive experience and expertise that align closely with the company's vision for sustainable growth and innovation. Their appointments will be put to a vote in the upcoming Annual Meeting of Stockholders.

Bentina Chisolm Terry's Professional Background

Bentina Chisolm Terry is currently the President and CEO of Southern Linc and Southern Telecom, where she has established a reputation for excellence in the utility sector. With over 25 years of experience, she has demonstrated a strong ability to drive growth and lead critical initiatives. Her prior role as Senior Vice President of Customer Strategy and Solutions at Georgia Power showcased her knack for effective leadership and strategic oversight, all while focusing on critical issues such as environmental initiatives and infrastructure upgrades.

Leland Weaver's Extensive Experience

Joining the board alongside Terry is Leland Weaver, the current President of DuPont Water & Protection. With a remarkable tenure in senior executive roles, Weaver's leadership has been pivotal in steering his department towards achieving significant financial milestones. His broad understanding of global markets and operational management positions him perfectly to contribute to Mueller's objectives.

Retirement of Long-Tenured Board Members

As part of this transition, the company will bid farewell to two long-serving directors, Dr. Lydia Thomas and Ms. Shirley Franklin, during the Annual Meeting. Mr. Stephen C. Van Arsdell, the Non-Executive Chair of the Board, expressed deep gratitude for their years of dedicated service, remarking on the invaluable contributions they made to the company's strategy and the growth of its shareholder value.

Board Composition After the Annual Meeting

Once the board refreshment process is finalized, Mueller Water Products will have a total of nine directors. This new composition will be predominantly independent, highlighting the company's emphasis on governance and accountability. The changes are designed to ensure a balance of fresh ideas and seasoned experience, enhancing the board's ability to guide the company successfully.

About Mueller Water Products, Inc.

Mueller Water Products is renowned for its role as a key manufacturer and marketer in the water industry in North America. Its diverse offerings include engineered valves, fire hydrants, various metering solutions, and advanced leak detection technology. Mueller's commitment to innovation is evident in its mission to help municipalities enhance operational efficiencies and service quality. Their tagline, Where Intelligence Meets Infrastructure, emphasizes their dedication to providing smart solutions for vital water management.

Connecting with Mueller Water Products

The company encourages stakeholders and interested parties to remain engaged with their developments and offerings. For further inquiries or information, both investor relations and media contacts are readily available to assist.

Frequently Asked Questions

What is the primary reason for the board refreshment at Mueller Water Products?

The board refreshment is part of Mueller's strategy to enhance diversity and bring fresh perspectives to its leadership while honoring long-serving directors.

Who are the new nominees for the board?

The new nominees are Bentina Chisolm Terry and Leland Weaver, both of whom bring extensive experience in their respective fields.

When will the new board members be elected?

The election for the new board members will take place during the company's upcoming Annual Meeting of Stockholders.

What are Mueller’s primary products and services?

Mueller Water Products offers a range of solutions, including valves, fire hydrants, metering products, and software for water system data management.

How can I contact Mueller for more information?

For inquiries, you can contact their Investor Relations at 770-206-4116 or via email at wkincaid@muellerwp.com.

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