- After eleven years on the job
- Laud, praise and thanks for Hyland
- Scott Hall taking over
- Hyland will remain as executive chairman at Mueller Water Products
(management-change.com) — Atlanta, Georgia, January 09, 2017 — Greg Hyland, chief executive of Mueller Water Products, leaves the position. It is a change at short notice. As announced by Mueller Water Products, Inc. in a news release on Monday, January 09, 2017, Gregory E. (Greg) Hyland leaves the post as Chief Executive Officer at the maker of fire hydrants after eleven years on the job, effective January 23, 2017.
It is the end of an era.
Hyland’s duties are taken over by J. Scott Hall, most recently Chief Executive Officer of the Industrial Segment at Textron, Inc.
In a separate press release, Mueller Water Products announced that it has sold its Anvil International division to One Equity Partners.
“Scott is the ideal leader, at exactly the right time, to take our business into the future”
Hyland’s imminent departure is explained as follows. Hyland said: “With today’s announcement of the sale of our Anvil International division, Mueller Water Products is now a pure-play water infrastructure company that is well-positioned for continued growth, and we believe Scott is the ideal leader, at exactly the right time, to take our business into the future.”
Mueller Water Products said: “Mr. Hall, who will also become a Board member, succeeds current president and chief executive officer, Gregory E. Hyland.”
Hyland will remain as executive chairman at Mueller Water Products
Hyland will transition to the role of executive chairman.
Share price rise since November 2011
The change follows a rise in the share price of Mueller Water Products, Inc. since November 2011.
On the job as CEO since 2006
Hyland has been Chairman of the Board and has served as President and Chief Executive Officer since January 2006.
Hyland lead the public spinoff from Walter Industries in May 2006.
During his tenure, Mueller Water Products has focused its strategy on water infrastructure.
Under Hyland’s leadership, Mueller Water Products divested non-core assets and implemented LEAN Six Sigma processes throughout its manufacturing operations, enabling an improvement of efficiencies, safety and quality.
Mueller Water Products also reduced its debt by more than $1 billion over the past 10 years, becoming a financially stronger and more focused business.
Read the full story in the management-change.com report 03.2017 ($).