Mueller Water Products appointed Melissa Rasmussen as CFO, effective March 4, 2025, following an extensive search.
Quiver AI Summary
Mueller Water Products, Inc. has appointed Melissa Rasmussen as Senior Vice President and Chief Financial Officer, effective March 4, 2025, after a thorough search process. With over 25 years of financial experience, Rasmussen most recently served as CFO of National Vision, Inc., where she held various positions including Chief Accounting Officer. She has significant expertise in financial planning, accounting, and operational management, and has worked on mergers and acquisitions and international operations. CEO Martie Edmunds Zakas expressed confidence in Rasmussen's ability to drive financial and operational improvements at Mueller. Additionally, Steve Heinrichs will transition from his CFO role while providing consulting support until September 2025. Mueller specializes in water infrastructure products and services across North America.
Potential Positives
- Mueller Water Products named Melissa Rasmussen as the new Senior Vice President and Chief Financial Officer, signifying a strategic leadership decision aimed at enhancing financial oversight and operational improvements.
- Ms. Rasmussen brings over 25 years of extensive financial and operational experience, which may strengthen the company’s strategic initiatives and long-term value delivery to shareholders.
- The transition includes ongoing support from the outgoing CFO, Steve Heinrichs, ensuring continuity and stability during the leadership change.
Potential Negatives
- The transition of the CFO role may indicate instability or uncertainty within the company's financial leadership, potentially raising concerns among investors and stakeholders about continuity and strategic direction.
- While the new CFO has significant experience, the press release provides no details on her specific plans or immediate priorities for Mueller Water Products, which could lead to investor apprehension regarding future financial strategies and performance.
FAQ
Who has been appointed as CFO of Mueller Water Products?
Melissa Rasmussen has been appointed as the new Senior Vice President and Chief Financial Officer of Mueller Water Products.
When will Melissa Rasmussen officially take on the CFO role?
Melissa Rasmussen will officially take on the CFO role on March 4, 2025.
What experience does Melissa Rasmussen bring to Mueller Water Products?
Ms. Rasmussen has over 25 years of experience in finance, including roles at National Vision and Lexmark International.
Who is transitioning out of the CFO role at Mueller Water Products?
Steve Heinrichs is transitioning out of the CFO role but will remain in a consulting capacity until September 30, 2025.
What products and services does Mueller Water Products offer?
Mueller Water Products offers products for water transmission, distribution, measurement, including valves, hydrants, and leak detection services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MWA Insider Trading Activity
$MWA insiders have traded $MWA stock on the open market 14 times in the past 6 months. Of those trades, 3 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $MWA stock by insiders over the last 6 months:
- J SCOTT HALL has made 0 purchases and 4 sales selling 377,858 shares for an estimated $7,520,756.
- STEVEN S HEINRICHS (EVP, CFO, CLO and CCO) sold 86,399 shares for an estimated $2,167,794
- TODD P HELMS (SVP and CHRO) has made 0 purchases and 2 sales selling 61,504 shares for an estimated $1,577,592.
- SUZANNE G SMITH (VP and CAO) sold 26,138 shares for an estimated $653,306
- LYDIA W THOMAS sold 10,791 shares for an estimated $263,287
- THOMAS J HANSEN sold 10,791 shares for an estimated $221,800
- CHRISTINE ORTIZ sold 8,800 shares for an estimated $175,479
- BRIAN C. HEALY has made 3 purchases buying 3,490 shares for an estimated $74,628 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MWA Hedge Fund Activity
We have seen 167 institutional investors add shares of $MWA stock to their portfolio, and 134 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NUANCE INVESTMENTS, LLC removed 3,375,069 shares (-64.8%) from their portfolio in Q3 2024, for an estimated $73,238,997
- FULLER & THALER ASSET MANAGEMENT, INC. added 3,028,965 shares (+inf%) to their portfolio in Q3 2024, for an estimated $65,728,540
- VICTORY CAPITAL MANAGEMENT INC removed 2,478,507 shares (-83.7%) from their portfolio in Q3 2024, for an estimated $53,783,601
- AMERIPRISE FINANCIAL INC added 1,366,463 shares (+314.9%) to their portfolio in Q3 2024, for an estimated $29,652,247
- ALLIANZ ASSET MANAGEMENT GMBH added 981,966 shares (+inf%) to their portfolio in Q3 2024, for an estimated $21,308,662
- KBC GROUP NV removed 903,696 shares (-36.9%) from their portfolio in Q3 2024, for an estimated $19,610,203
- AMERICAN CENTURY COMPANIES INC added 880,066 shares (+197.3%) to their portfolio in Q3 2024, for an estimated $19,097,432
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ATLANTA, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA), a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America, announced that it has named Melissa Rasmussen as its Senior Vice President and Chief Financial Officer (CFO) effective March 4, 2025 following a comprehensive search with the support of a leading executive search firm.
Ms. Rasmussen is a seasoned financial executive with more than 25 years of experience, most recently serving as the CFO of National Vision, Inc. (Nasdaq: EYE). Ms. Rasmussen joined National Vision in 2019 as the Chief Accounting Officer prior to her promotion to CFO in 2023, where she has led financial planning and analysis, accounting, SEC reporting, treasury, tax, investor relations, and internal audit functions during her tenure. Ms. Rasmussen began her career at Lexmark International, Inc., and over her 20-plus year tenure, she held various financial management roles of increasing responsibility, culminating in service as Lexmark International’s Global Corporate Controller. Throughout her career, she has gained significant financial and operational experience through various roles, including mergers and acquisitions, capital market transactions, financial planning and analysis, international operations, investor relations, and systems implementation. Ms. Rasmussen holds a Bachelor of Science in Accounting from the University of Kentucky and is a Certified Public Accountant.
“I am excited to welcome Melissa to the Mueller team. As a highly skilled and versatile public-company CFO with extensive experience developing and executing strategic initiatives and driving financial and operational improvements, she will be a strong addition to our organization,” said Martie Edmunds Zakas, Chief Executive Officer of Mueller Water Products. “Her deep finance and accounting expertise and outstanding leadership skills will be critical to developing talent and delivering long-term value to shareholders. I look forward to partnering with her to drive Mueller’s continued success.”
Ms. Rasmussen added, “I am honored to join Mueller at such an important time for the company as it continues to further its commitment to helping customers and communities address the growing challenges from the aging North American water infrastructure. I am excited to support the company’s initiatives to drive continued financial and operational improvement and deliver further value for all stakeholders.”
As previously announced, Mr. Steve Heinrichs will transition from his Chief Financial Officer and Chief Legal and Compliance Officer roles and remain available to the Company on a consulting basis until September 30, 2025, to help ensure a smooth transition.
“We are grateful for Steve’s contributions to Mueller and support through this transition. We wish him the best in his future endeavors,” Ms. Zakas added.
About Mueller Water Products, Inc.
Mueller Water Products, Inc. is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. Our broad product and service portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software that provides critical water system data. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure ® . Visit us at www.muellerwaterproducts.com.
Mueller refers to one or more of Mueller Water Products, Inc. (MWP), a Delaware corporation, and its subsidiaries. MWP and each of its subsidiaries are legally separate and independent entities when providing products and services. MWP does not provide products or services to third parties. MWP and each of its subsidiaries are liable only for their own acts and omissions and not those of each other.
Investor Relations Contact: Whit Kincaid
770-206-4116
[email protected]
Media Contact: Jenny Barabas
470-806-5771
[email protected]
