01—Abstract
Summary
Summary of the 8-K filed August 18, 2026. Cited figures are marked; the original filing is the authoritative source.
Xylem Inc. (NYSE: XYL) disclosed in an 8-K filed August 18, 2026 that Executive Vice President and Chief Financial Officer William K.
Grogan will resign effective August 31, 2026 to pursue another professional opportunity. He will remain employed through September 13, 2026 to facilitate an orderly transition. The Board appointed Andrea van der Berg, currently Senior Vice President, Finance of the Water Infrastructure segment, as EVP and CFO effective September 1, 2026.
She reports to President and CEO Matthew Pine and joins the Executive Leadership Team. Van der Berg, age 43, previously served as Vice President, Investor Relations (May 2022 to August 2024) and Vice President, Corporate Financial Planning and Analysis (April 2020 to May 2022), and held finance roles at MSCI Inc. and Honeywell International Inc. Her compensation package includes an annual base salary of $675,000,a an AIP target of 80% of base salary, and a new LTIP target award of $1,750,000. She will also receive a one-time 2026 LTIP award with a grant date value of $787,500, granted on or about September 1, 2026, split across performance share units (50%), restricted stock units (25%) and stock options (25%).
The filing states there are no related person transactions requiring disclosure. In a companion Item 7.01 press release (Exhibit 99.1), Xylem reaffirmed its third-quarter and full-year 2026 guidance, which was originally issued on July 28, 2026. The filing furnishes the release and states it is not deemed filed under Section 18 of the Exchange Act.
02—Key points
Key Highlights
- CFO transition: William K. Grogan resigns as EVP and CFO effective August 31, 2026, remaining employed through September 13, 2026.
- Successor named: Andrea van der Berg, currently SVP, Finance of the Water Infrastructure segment, becomes EVP and CFO effective September 1, 2026.
- Base salary of $675,000 with an 80% AIP target, and a new LTIP target award of $1,750,000 for the CFO role.
- One-time 2026 LTIP award with a grant date value of $787,500, covering the prorated difference between her prior and new LTIP targets, to be granted on or about September 1, 2026.
- Van der Berg's background includes prior roles as VP, Investor Relations and VP, Corporate Financial Planning and Analysis at Xylem, plus 13 years at Honeywell.
- Xylem reaffirmed its third-quarter and full-year 2026 guidance, first issued July 28, 2026, in the same announcement as the CFO change.
- Van der Berg will participate in the Xylem Senior Executive Severance Plan and Special Senior Executive Severance Plan.
03—Questions
Frequently Asked Questions
Why is the CFO leaving and when does the change take effect?
Grogan notified the company on August 13, 2026 that he will resign to pursue another professional opportunity. His resignation is effective August 31, 2026, and he will stay employed through September 13, 2026 to support an orderly handover. Van der Berg's appointment takes effect September 1, 2026.
Who is Andrea van der Berg?
She is 43 and has served as Senior Vice President, Finance of the Water Infrastructure segment since January 2025. Earlier, she was Vice President, Investor Relations (May 2022 to August 2024) and Vice President, Corporate Financial Planning and Analysis (April 2020 to May 2022). She previously worked at MSCI Inc. (June 2018 to April 2020) and Honeywell International Inc. (January 2005 to May 2018).
What is the compensation package for the new CFO?
Van der Berg receives an annual base salary of $675,000, subject to annual adjustment, and is eligible for the AIP with a target of 80% of base salary, prorated for 2026 to reflect her prior and new roles. Her new LTIP target is $1,750,000. She also receives a one-time 2026 LTIP award with a grant date value of $787,500, delivered as 50% performance share units, 25% restricted stock units and 25% stock options.
Did the company change its financial outlook with this announcement?
No change was made. The company's press release reaffirmed the third-quarter and full-year 2026 guidance it issued on July 28, 2026, alongside the CFO announcement.
Are there any related party or family relationships involving the new CFO?
The filing states there are no current or proposed related person transactions involving Van der Berg or her immediate family requiring disclosure under Item 404(a) of Regulation S-K. It also states she has no family relationship with any director or executive officer, and no arrangements under which she was selected as an officer.
04—Continue