Mueller Water Products names Paul McAndrew as next CEO

ATLANTA - Mueller Water Products, Inc. (NYSE:MWA) announced Thursday that President and Chief Operating Officer Paul McAndrew will become the company's next President and Chief Executive Officer, effective February 9, 2026. The company, which currently trades at $25.03 with a market cap of $3.91 billion, has maintained a "GREAT" overall financial health score according to InvestingPro data.

McAndrew will succeed Martie Edmunds Zakas, who will retire as CEO and board member on that date. Zakas will serve as a Senior Advisor through December 31, 2026, to facilitate the transition. McAndrew has also been nominated to join the company's Board of Directors.

The leadership change is the result of the board's succession planning process, according to Stephen Van Arsdell, Non-Executive Chair of Mueller's Board. McAndrew has been with the company for three years, serving as President and COO since May 2024.

Prior to his current role, McAndrew was Senior Vice President of Global Operations and Supply Chain. Before joining Mueller in 2022, he worked at Emerson as a Vice President and General Manager of Professional Tools, where he had full P&L responsibility across multiple functions.

"I'm honored to become the next CEO of Mueller," McAndrew said in the press release statement. "I look forward to continuing to work closely with the entire organization as we become an even stronger partner to all our stakeholders."

Zakas, who has been with Mueller for 19 years, expressed pride in the company's accomplishments during her tenure. "Throughout Mueller's history, we have worked to deliver innovative and sustainable solutions that help solve real-world problems," she said.

Mueller Water Products manufactures and markets products used in the transmission, distribution and measurement of water in North America. The company separately announced its fourth quarter and fiscal year financial results for the period ended September 30, 2025. The company has demonstrated strong financial performance with revenue growth of 10.19% over the last twelve months, reaching $1.4 billion. InvestingPro data shows Mueller has raised its dividend for 11 consecutive years and maintained dividend payments for 20 consecutive years, with a current yield of 1.07%. The stock has delivered a 16.73% return year-to-date, despite trading slightly above its Fair Value according to InvestingPro's valuation models. For investors seeking comprehensive analysis, Mueller is one of 1,400+ US equities covered by InvestingPro's detailed Research Reports.

In other recent news, Mueller Water Products has made significant changes to its leadership team. The company announced the appointment of Darin Harvey as Senior Vice President of Operations and Supply Chain, effective September 8, 2025. Harvey, who brings over 25 years of industry experience, previously served as Executive Vice President of Supply Chain at Advanced Drainage Systems. Additionally, Mueller Water Products appointed Richelle R. Feyerherm as Chief Accounting Officer, who will also serve as the principal accounting officer. Feyerherm replaces Suzanne G. Smith, who stepped down from the role. The company clarified that Smith's departure was not due to any disagreements related to financial reporting or accounting practices. These leadership changes reflect Mueller Water Products' ongoing efforts to strengthen its management team.

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