Watts Water Technologies Names Ryan Lada as Chief Financial Officer
NORTH ANDOVER, Mass. — Watts Water Technologies, Inc. (NYSE: WTS) today announced that Ryan Lada has been appointed Chief Financial Officer effective July 28, 2025. Mr. Lada succeeds current Chief Financial Officer Shashank Patel, who previously announced his intent to retire in October 2024.
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Mr. Lada joins Watts from The AZEK Company, where he most recently served as Senior Vice President, Chief Financial Officer and Treasurer and was responsible for overseeing AZEK's enterprise-wide financial operations, overall financial and capital allocation strategy, and investor relations efforts. Mr. Lada departed AZEK on July 11, 2025 following its acquisition by James Hardie Industries.
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Chief Executive Officer, President and Chair of the Board, Robert J. Pagano, Jr. said, 'We are excited to welcome Ryan to Watts as our next CFO. Ryan brings a track record for driving performance at leading global manufacturing companies and delivering exceptional results. He is a proven leader offering strong financial acumen, strategic vision, global M&A experience, and operating rigor. We are confident that Ryan will be a key contributor in helping us capitalize on profitable growth opportunities, navigate global market dynamics, and deliver sustained value to our stockholders.'
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Mr. Lada previously held the role of Vice President of Corporate Finance and Chief Financial Officer of AZEK's Residential and Commercial segments. Before joining AZEK, he held several senior finance roles of increasing responsibility with Cantel Medical Corporation, including Vice President of Investor Relations and Treasury, Chief Financial Officer of the Global Medical Division and Chief Financial Officer for the Europe, Middle East and Africa region. Earlier in his career, Mr. Lada held financial leadership positions at General Electric Company (NYSE: GE), IDEX Corporation (NYSE: IEX) and Medtronic, Inc. (NYSE: MDT), building a strong foundation in public company operational finance, corporate development, and global financial planning. Mr. Lada earned a Six Sigma Black Belt certification in finance while at GE and holds a Bachelor of Science degree in Finance from The Black School of Business at Pennsylvania State University.
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Mr. Lada commented, 'Watts impressed me with its iconic portfolio of global brands, strong 150+ year heritage and culture, and track record of innovation and growth in support of water efficiency, safety, and delivery. I am excited by the opportunity to partner with Bob and the team to help shape Watts' next chapter of profitable growth and deliver stakeholder value through financial vision and execution, strategic capital deployment, and commercial and operational excellence.'
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Mr. Pagano concluded, 'On behalf of our entire organization, I would like to also extend my gratitude to Shashank for his partnership, dedication, and impactful contributions over his seven years with Watts and for his willingness to provide extended assistance in transitioning his responsibilities to Ryan to ensure a seamless succession. We wish Shashank the very best on his well-earned retirement.'
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About Watts Water Technologies, Inc.
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Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions to control the efficiency, safety, and quality of water within commercial, residential, and industrial applications. For more information visit www.watts.com.
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This press release includes 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995, including statements relating to capitalizing on growth opportunities, navigating turbulent market dynamics, realizing cost savings and delivering sustained value to our stockholders. These forward-looking statements reflect our current views about future events. You should not rely on forward-looking statements because our actual results may differ materially from those predicted as a result of a number of potential risks and uncertainties. These potential risks and uncertainties include, but are not limited to: the imposition of or changes to tariff rates; the effectiveness, timing and expected savings associated with our cost-cutting actions, restructuring and initiatives; integration of acquired businesses in a timely and cost-effective manner, retention of supplier and customer relationships and key employees, and the ability to achieve synergies and cost savings in the amounts and within the time frames currently anticipated; current economic and financial conditions, which can affect the housing and construction markets where our products are sold, manufactured and marketed; shortages in and pricing of raw materials and supplies; our ability to compete effectively; changes in variable interest rates on our borrowings; inflation; failure to expand our markets through acquisitions; failure to successfully develop and introduce new product offerings or enhancements to existing products; failure to manufacture products that meet required performance and safety standards; foreign exchange rate fluctuations; cyclicality of industries where we market our products, such as plumbing and heating wholesalers and home improvement retailers; environmental compliance costs; product liability risks and costs; changes in the status of current litigation; the war in Ukraine and other global crises; supply chain and logistical disruptions or labor shortages and workforce disruptions that could negatively affect our supply chain, manufacturing, distribution, or other business processes; and other risks and uncertainties discussed under the heading 'Item 1A. Risk Factors' and in Note 16 of the Notes to the Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission ('SEC'), as well as risk factors disclosed in our subsequent filings with the SEC. We undertake no duty to update the information contained in this press release, except as required by law.
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