- After about six and a half years in the position
- Praise, thanks and good wishes for Hall
- Martie Zakas taking over temporarily
- Search for a successor
- Hall said 62 words
(exechange) — Atlanta, Georgia, August 21, 2023 — Scott Hall, chief executive of Mueller Water, leaves his position. As announced by Mueller Water Products Inc. in a news release and in a regulatory filing published on Monday, August 21, 2023, J.Scott Hall leaves his post as chief executive officer at the manufacturer of products used in the transmission, distribution and measurement of water, after about six and a half years in the role, effective immediately.
Generally speaking, it raises questions when a CEO leaves his post abruptly.
Mueller Water will undertake a search for a successor.
Scott Hall’s duties as CEO will be taken over temporarily by Marietta Edmunds (Martie) Zakas, most recently Chief Financial Officer at Mueller Water Products Inc.
Scott Hall’s move coincides with a management shake-up also involving the positions of Chief Financial Officer and Chief Legal and Compliance Officer; and Chief Operating Officer.
“To bring in a new leader to help Mueller achieve its potential”
Mueller Water did not give an explicit reason for Scott Hall’s departure from the CEO post. Mark J. O’Brien, Board Chair, stated: “The Board and Scott determined that at this stage in the Company’s transformation, with our capital investment phase nearing completion, the time is right to bring in a new leader to help Mueller achieve its potential as America’s water infrastructure is rebuilt.”
Precise information regarding Scott Hall’s future plans was not immediately available.
Mueller Water said: “Scott Hall has stepped down as President, CEO and member of the Board of Directors (the “Board”).”
Share price decline since August 2021
The announcement follows a decline in Mueller Water Products Inc.’s share price of 9% since August 2021.
In the position of CEO since 2017
Scott Hall became CEO of the Company in 2017.
His bio reads as follows:
- President and Chief Executive Officer, Mueller Water Products (since 2017)
- President and CEO, Textron Industrial segment (2009 – 2017); President, Textron’s Greenlee business unit (2003 – 2009), President, Textron’s Tempo business unit, a multi-facility roll-up of communication test equipment (2001 – 2003 when Tempo became part of Greenlee)
- Held several leadership roles, including at General Cable, a leading manufacturer of wire and cable, where he ran the Canadian businesses before taking over responsibility for the Global Communications business.
62 words by Scott Hall
In the news release announcing his departure as CEO of Mueller Water Products Inc., Scott Hall received praise, thanks and good wishes.
In announcing his departure, Scott Hall said 62 words.
“It has been an honor”
Scott Hall stated: “It has been an honor to lead Mueller for the last six years. Mueller has an excellent team of dedicated employees who will continue to drive the Company’s future success. I look forward to assisting in this transition, and I am confident that Martie, Steve, Paul, the Board and the talented management team will continue to provide steady leadership for the Company.”
Push-out Score for Scott Hall’s move determined
The Push-out Score indicates on a scale of 0 to 10 how likely it is that Scott Hall was pushed out or felt pressure to leave his position.
Read the full story in the exechange report 35.2023 ($).