Watts Water Technologies appoints Ryan Lada as chief financial officer

Watts Water Technologies (NYSE:WTS), an $8.5 billion market cap company with excellent financial health according to InvestingPro analysis, announced Monday the appointment of Ryan Lada as chief financial officer, effective upon the start of his employment on July 28. The company, which generated $2.24 billion in revenue over the last twelve months, stated that current CFO Shashank Patel will step down from the role the same day and will provide transition services until his planned retirement.

According to the company’s press release statement based on its SEC filing, Mr. Lada, age 38, previously served as senior vice president, chief financial officer, and treasurer of The AZEK Company from January to July 2025. Before that, he was chief financial officer and vice president for AZEK’s Residential and Commercial Divisions from July 2022 to January 2025. Mr. Lada left AZEK on July 11 following its acquisition by James Hardie (NYSE:JHX) Industries. His earlier experience includes roles at Tank Holding Corp., Cantel Medical (NYSE:CMD) Corporation, Medtronic (NYSE:MDT), IDEX (NYSE:IEX) Corporation, and GE Transportation.

Watts Water Technologies reported that Mr. Lada’s initial annual base salary will be $525,000. He will participate in the company’s executive incentive bonus plan, with a target bonus equal to 75% of his base salary. For 2025, Mr. Lada will receive a prorated bonus based on his time employed during the year.

The company will cover customary relocation expenses for Mr. Lada’s move to North Andover, Massachusetts. He will be eligible for the company’s executive severance plan, stock incentive plan, management stock purchase plan, and other standard benefit programs, including medical and life insurance and a retirement savings plan. Watts Water Technologies will also provide Mr. Lada with a $14,000 annual car allowance and up to $15,875 annually for executive financial planning. Additionally, he will receive a deferred stock award valued at $500,000, vesting in equal installments over three years.

All information is based on a press release statement and the company’s filing with the Securities and Exchange Commission.

In other recent news, Watts Water Technologies reported its first-quarter 2025 earnings, beating analysts’ expectations with an adjusted earnings per share (EPS) of $2.37, compared to the anticipated $2.12. The company’s revenue reached $558 million, surpassing the forecast of $547 million. Additionally, Watts Water Technologies announced the completion of its acquisition of Icon (NASDAQ:ICLR), which is ahead of schedule in synergy tracking. TD Cowen raised its price target for Watts Water to $225 from $180, maintaining a Hold rating, citing potential positive impacts from China tariffs. Stifel also raised its price target for Watts Water to $275, up from $260, and maintained a Buy rating, attributing the increase to the company’s long-term digital strategy and competitive advantages. Furthermore, Watts Water Technologies’ shareholders approved all proposals at the recent annual meeting, including the re-election of nine directors and the ratification of the company’s independent auditor. These developments reflect continued investor confidence in Watts Water Technologies’ strategic direction and governance practices.

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