Decker, who has led Xylem for nearly a decade, will be succeeded by chief operating officer Matthew Pine from 1 January 2024.
At that time, Decker will retire from Xylem’s board and Pine will join as a director. Decker and Pine will work closely together to ensure a smooth transition. Decker will remain employed through March 2024 to serve as an advisor and support the transition.
Robert Friel, chair of Xylem’s board, said: “Under Patrick’s visionary and passionate leadership, he and the team have fortified Xylem’s competitive advantages and put the Company on a path of continuing growth. Xylem’s future is very bright and we thank Patrick for his service.”
Decker said: “It has been a tremendous honor to serve as CEO for nearly a decade. I am so proud of the impact the Xylem team has had helping our customers and communities become more water-secure and more sustainable.”
Pine joined Xylem in 2020. He has led Xylem’s Applied Water Systems and Measurement & Control Solutions segments and the Americas Commercial Team. As Chief Operating Officer, he currently leads Xylem’s regions, business segments and the company’s global innovation, technology, product management, IT, integrated supply chain, and digital functions. Pine came to Xylem with more than 25 years of experience in general management, sales, marketing, digital and product management, including as president of Carrier Residential for United Technologies Corporation, Marketing and Product Management Lead for the Carrier Residential HVAC business unit, Head of Power Plant Sales Technology in Central Europe for Vestas Wind Systems, Director of Product Management and Marketing for Lennox International Inc, and sales and marketing leadership roles at Trane Residential & Light Commercial Systems.
