Xylem shifts Yarkadas to divestiture role as Water Infrastructure segment ends
Filed with the SEC on · Summarized by InvestorsBot
Effective January 1, 2027, Hayati Yarkadas will leave his roles as executive vice president and president of Water Infrastructure as Xylem reorganizes into three segments, but will remain employed to oversee the planned divestitures of Applied Water International and Specialty Flow Control until the earlier of March 31, 2028, or the final closing. During the transition, he will receive an annualized CHF 557,469 salary and a USD 1.2 million success incentive tied to completing both divestitures, subject to the agreement’s conditions. Xylem reported third-quarter revenue of $2.2 billion and adjusted EPS of $1.44, while lowering its 2026 revenue outlook to approximately $8.95 billion and adjusted EPS guidance to $5.40-$5.45.