Mueller Water Products, Inc. has appointed Melissa Rasmussen as its new Chief Financial Officer (CFO) effective March 4, 2025. Ms. Rasmussen brings more than 25 years of experience to the role, having previously served as the CFO of National Vision, Inc. During her tenure at National Vision, she led financial planning and analysis, accounting, SEC reporting, treasury, tax, investor relations, and internal audit functions. With a Bachelor of Science in Accounting from the University of Kentucky and a Certified Public Accountant qualification, Ms. Rasmussen has also held various financial management roles at Lexmark International, Inc., culminating in service as Lexmark International’s Global Corporate Controller.
Martie Edmunds Zakas, Chief Executive Officer of Mueller Water Products, expressed excitement about Ms. Rasmussen's appointment, citing her extensive experience in developing and executing strategic initiatives and driving financial and operational improvements. Ms. Zakas highlighted Ms. Rasmussen's deep finance and accounting expertise and outstanding leadership skills, which will be critical to developing talent and delivering long-term value to shareholders. Ms. Rasmussen, in turn, expressed her honor in joining Mueller at a crucial time for the company as it continues to address the challenges from the aging North American water infrastructure. She also emphasized her commitment to supporting the company’s initiatives to drive continued financial and operational improvement.
It was also announced that Mr. Steve Heinrichs will transition from his roles as Chief Financial Officer and Chief Legal and Compliance Officer and remain available to the Company on a consulting basis until September 30, 2025, to help ensure a smooth transition.
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. The company's 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.
The market has reacted to these announcements by moving the company's shares -0.4% to a price of $22.87. For more information, read the company's full 8-K submission here.
