Mueller Water Products appoints Richelle Feyerherm as chief accounting officer

Mueller Water Products, Inc. (NYSE:MWA) announced Friday that its board of directors has appointed Richelle R. Feyerherm as chief accounting officer, effective immediately. Feyerherm will also serve as the company’s principal accounting officer. She succeeds Suzanne G. Smith, who stepped down from the role the same day.

According to the company’s statement, Smith’s departure was not due to any disagreement related to financial reporting, accounting policies, procedures, estimates, judgments, or internal controls.

Feyerherm has been with Mueller Water Products since November 2019, serving as vice president, operations controller. Prior to joining the company, she was a financial officer for the Water Products division at Lonza Group, Ltd. from October 2011 to February 2019. She is a certified public accountant and holds a Bachelor of Science degree from the State University of New York.

In connection with her appointment, the board granted Feyerherm a one-time award of restricted stock units valued at $300,000. These units will vest in three equal installments on the first, second, and third anniversaries of the grant date, contingent on her continued employment. Her compensation as chief accounting officer includes a base salary of $325,000 per year, a target annual bonus opportunity equal to 35% of her base salary, and a target annual long-term incentive opportunity equal to 40% of her base salary. The company’s strong financial position, with revenue growth of 10.19% and a healthy current ratio of 3.86, supports its executive compensation structure. InvestingPro data reveals 10+ additional key metrics and insights about the company’s financial performance and outlook.

The company stated there are no arrangements or understandings between Feyerherm and any other persons regarding her appointment, and there are no family relationships between her and any director or executive officer of the company. No transactions requiring disclosure under Item 404(a) of Regulation S-K were reported.

To support the transition, Mueller Water Products plans to enter into a consulting agreement with Smith, who will provide transition services for up to four months.

This information is based on a press release statement included in the company’s recent SEC filing.

In other recent news, Mueller Water Products reported its Q3 2025 financial results, highlighting a notable increase in net sales and stable earnings per share (EPS). The company achieved record consolidated net sales of $380.3 million, marking a 6.6% rise from the previous year. The EPS stood at $0.34, aligning with analysts’ expectations. These developments underscore the company’s steady financial performance. Additionally, the financial results have been well-received by investors. The positive reception is evident following the earnings report. These recent developments reflect the company’s ongoing growth trajectory.

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