Watts Water Technologies appoints Ryan Lada as new CFO

NORTH ANDOVER, Mass. - Watts Water Technologies, Inc. (NYSE:WTS) announced Monday that Ryan Lada will become its new Chief Financial Officer effective July 28, 2025, succeeding Shashank Patel who previously announced his retirement. According to InvestingPro analysis, executive transitions often present critical turning points for companies, with comprehensive research reports available for over 1,400 US stocks to help investors navigate such changes.

Lada joins Watts from The AZEK Company, where he most recently served as Senior Vice President, Chief Financial Officer and Treasurer. He departed AZEK on July 11 following its acquisition by James Hardie Industries.

Prior to his role at AZEK, Lada held senior finance positions at Cantel Medical Corporation, including Vice President of Investor Relations and Treasury. His earlier career included financial leadership roles at General Electric Company (NYSE:GE), IDEX Corporation (NYSE:IEX), and Medtronic, Inc. (NYSE:MDT).

Robert J. Pagano, Jr., Chief Executive Officer, President and Chair of the Board of Watts Water Technologies, expressed confidence in Lada’s ability to contribute to the company’s growth strategy.

"I am excited by the opportunity to partner with Bob and the team to help shape Watts’ next chapter of profitable growth," Lada said in the press release statement.

Patel, who served as CFO for seven years, will assist in transitioning responsibilities to ensure a smooth succession.

Watts Water Technologies manufactures plumbing, heating, and water quality products for commercial, residential, and industrial applications.

In other recent news, the National Transportation Safety Board (NTSB) issued an urgent safety recommendation concerning the CFM International LEAP-1B engines used on Boeing 737 Max jets. This alert stems from investigations into incidents where smoke entered the cockpit due to engine damage following bird strikes. Boeing has since updated flight manuals to address this issue, and the NTSB has advised aviation regulators to consider software modifications. Meanwhile, Air India’s Boeing 787-8 Dreamliner crash has drawn significant attention, with Air India Chairman N. Chandrasekaran noting the aircraft had a clean engine history. The Dreamliner, equipped with GE Aerospace’s GEnx engines, crashed shortly after takeoff, resulting in numerous fatalities. In response, GE Aerospace is dispatching a team to India to analyze data from the crash. The incident has also affected Spirit AeroSystems, a major Boeing supplier, whose shares fell amid ongoing acquisition talks with Boeing. Both Boeing and GE Aerospace experienced stock declines following the crash.

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