WASHINGTON, D.C. – Xylem Inc. has announced that after a distinguished decade leading Xylem, President and Chief Executive Officer Patrick Decker has announced his plans to retire as CEO at the end of 2023. In accordance with the company's long-term succession planning process, Decker will be succeeded by Matthew Pine, Xylem’s chief operating officer, effective January 1, 2024. At that time, Decker will retire from Xylem’s Board and Pine will join as a director. Decker and Pine will work closely together to ensure a smooth transition.

Xylem has also appointed William Grogan, formerly chief financial officer of IDEX Corporation, to senior vice president and chief financial officer, effective October 1, 2023. Grogan succeeds Sandra Rowland who is leaving to pursue new and different opportunities. Both Decker and Rowland will remain employed through March 2024 to serve as advisors and support the transitions.