Following Schrock’s departure, Pentair will not appoint a replacement president and COO.

“I am proud of what we have accomplished during my tenure at Pentair and it has been a privilege to have worked with such a talented organization,” said Schrock. “With the one year anniversary of the Tyco Flow Control merger, it is the right time to make this transition.”

Schrock, 60, joined Pentair in 1998 and has served as president and COO of the company since 2006. 

“Mike has made a significant contribution to Pentair and his service is deeply appreciated,” said Randall Hogan, Pentair chairman and CEO. “He has been a key leader through the development of the company over the last 15 years.”