Xylem Inc. to ring New York Stock Exchange opening bell in celebration of launch as independent company
11/16/2011 8:30 AM
Spun off from ITT, Xylem is a leading global water company
WHITE PLAINS, N.Y., November 16, 2011 – Xylem, Inc. a leading global water technology company focused on addressing the world’s most challenging water issues, announced that its leadership team and representative employees will ring the New York Stock Exchange (NYSE) opening bell today. The bell ringing comes two weeks after Xylem successfully spun off from ITT Corporation. On November 1, 2011, Xylem began trading on the NYSE under the symbol “XYL” and is listed on the Standard & Poor’s 500 Index.
“Today’s bell ringing at the New York Stock Exchange is the culmination of many months of preparation by our 12,000 employees around the world,” said Gretchen McClain, president and CEO of Xylem. “To help us celebrate this symbolic event we’ve chosen four employees, each representing one of Xylem’s four value centers, to mark this occasion and share in the excitement on behalf of the entire team.”
Xylem currently serves a $30 billion segment of the global water equipment and services market. The company’s products and applications expertise address the full cycle of water and are key in the transport, treatment, testing and efficient use of water in public utility, residential and commercial building services, industrial and agricultural settings. The company’s portfolio includes well-known and respected product brands including Bell and Gossett, Flojet, Flygt, Godwin, Goulds Water Technologies, WTW and YSI, among others.