Mueller Water CFO Evan Hart leaves

  • Push-out Score suggests push-out forces
  • After around nine years on the job
  • Accolades, praise and thanks for Hart
  • Martie Zakas taking over

(exechange) — Atlanta, Georgia, September 07, 2017 — Evan Hart, finance chief of Mueller Water, leaves. As announced by Mueller Water Products, Inc. in a news release and in a regulatory filing published on Thursday, September 07, 2017, Evan L. Hart leaves the post as Chief Financial Officer at the maker of fire hydrants after around nine years on the job, effective December 31, 2017.

Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CFOs who departed over the past twelve months was 5.6 years, according to data compiled by exechange.

Hart’s move comes seven months after Scott Hall took over as CEO of Mueller Water Products, Inc.

Hart’s duties are taken over by Martie Zakas, currently Senior Vice President, Strategy, Corporate Development, HR and Communications at Mueller Water Products, Inc.

No reason given

In the announcement, Mueller Water did not explicitly explain the reason for Hart’s move, opening the door for speculation.

Precise information about the future plans of Hart was not immediately available.

“Retire”

Mueller Water said: “Evan Hart, Senior Vice President and Chief Financial Officer, will retire as of December 31, 2017.”

Chaired by Gregory E. Hyland

Mueller Water Products, Inc. is chaired by Gregory E. Hyland.

Gregory E. Hyland has served as Executive Chairman of the Board of Directors since 2017. He served as Chairman of the Board from 2006-2017 and as President and Chief Executive Officer from 2006-2017.

CEO: Scott Hall

Scott Hall serves as CEO of Mueller Water Products, Inc. Scott Hall has been the Chief Executive Officer and President of Mueller Water Products, Inc. since January 23, 2017.

On the job as CFO since 2008

Evan L. Hart has been the Chief Financial Officer and Senior Vice President of Mueller Water Products, Inc. since July 16, 2008.

Evan Hart was named Senior Vice President and Chief Financial Officer of Mueller Water Products in 2008.

He joined the Company in 2006 as Vice President of Financial Planning and Analysis and was promoted to Controller in 2007.

Prior to joining Mueller Water Products, Hart had been Vice President, Controller and Treasurer for Unisource Worldwide, Inc. for four years.

He had previously been with Georgia-Pacific Corporation for ten years where he served in such roles as Division Controller, Senior Manager of Financial Reporting and Internal Audit Supervisor.

Hart began his career with Price Waterhouse in Birmingham, Ala. and Atlanta, Ga. where he served audit clients in the manufacturing and health care industries.

Hart holds a Bachelor of Science in accounting and economics from Birmingham-Southern College in Birmingham, Ala. and is a Certified Public Accountant.

Push-out Score suggests push-out forces

It is not completely certain what forces eventually triggered Evan Hart’s move.

The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.

Read the full story in the exechange report 37.2017 ($).