Xylem Names Andrea van der Berg CFO as Bill Grogan Departs
The water solutions company promotes internal finance executive to replace outgoing CFO, reaffirms 2026 guidance amid leadership transition.
Leadership Transition at Water Infrastructure Firm
Xylem Inc. announced Monday that Andrea van der Berg will become Executive Vice President and Chief Financial Officer effective September 1, 2026, succeeding William "Bill" Grogan, who notified the company on August 13 of his resignation to pursue another professional opportunity (8-K filing, 2026-08-18).
The Washington, D.C.-based water solutions company, which reported $9 billion in revenue in 2025, said Grogan will remain with Xylem through mid-September to support the transition.
Internal Promotion From Water Infrastructure Division
Van der Berg, 43, currently serves as Senior Vice President, Finance of Xylem's Water Infrastructure segment, a position she has held since January 2025. Prior to that, she served as Vice President, Finance for the Water Infrastructure segment and EU Commercial Team, and held roles in investor relations and corporate financial planning and analysis since joining Xylem in April 2020 (8-K filing, 2026-08-18).
Before Xylem, van der Berg spent 13 years at Honeywell International Inc. in various finance and business leadership positions, along with a stint at MSCI Inc. from 2018 to 2020, bringing more than 20 years of finance experience to the role.
"Andrea is a proven industrial finance leader whose experience spans business operations, capital allocation, value creation and engagement with the investment community," said Matthew Pine, President and Chief Executive Officer, in the company's press release. "Her deep knowledge of our business, international leadership experience and strong track record of execution position her well to help accelerate our priorities and deliver long-term value."
Compensation Package
Van der Berg will receive an annual base salary of $675,000, eligible for annual adjustment. She will participate in the company's Annual Incentive Plan with a target of 80% of base salary, and the Long-Term Incentive Plan with a target award of $1,750,000 (8-K filing, 2026-08-18).
The company will grant her a one-time LTIP award valued at $787,500 on or about September 1, representing the prorated difference between her previous role's LTIP target and the CFO role target. The award will comprise 50% performance share units, 25% restricted stock units, and 25% stock options.
Van der Berg will also participate in Xylem's Senior Executive Severance Plan and Special Senior Executive Severance Plan, which provide severance benefits upon involuntary termination in specified circumstances.
Guidance Reaffirmed
Xylem reaffirmed its third-quarter and full-year 2026 guidance issued on July 28, 2026, signaling continuity despite the CFO transition (8-K filing, 2026-08-18).
Pine acknowledged Grogan's contributions, stating: "Bill has played an important role in strengthening Xylem's financial foundation and advancing the discipline, capabilities and performance that support our long-term strategy. We appreciate his many contributions to the company and thank him for his leadership and partnership."
According to MarginX data, Xylem is scheduled to pay a $0.43 cash dividend on August 27, 2026, and is expected to report third-quarter 2026 results on October 30, 2026.
This article was generated by MarginX from the 8-K filing on 2026-08-18. It is not investment advice.