Jan. 13, 2014: Watts Water Technologies Announces Departure of CEO
Interim President and Chief Executive Officer Is Named
NORTH ANDOVER, Mass. — Watts Water Technologies Inc. has announced that David J. Coghlan has resigned from his positions as president, chief executive officer, and director of the company and that the board of directors has named Dean P. Freeman, currently the company’s executive vice president and chief financial officer, as interim president and chief executive officer.
Coghlan is leaving the company to become a partner in a private investment firm but will remain with the company in a non-executive advisory role through the end of January to assist with the transition. The board of directors has retained the firm of Crist Kolder Associates to conduct a search for the company’s next chief executive officer, which will include assessment of internal as well as external candidates.