Pentair picks up ex-Fiserv CFO
Bob Hau, previously CFO at Fiserv, has been appointed as the new CFO of Pentair. His appointment comes at a critical time as Pentair is finalizing a $1.4 billion acquisition of Taco Group, indicating a strategic move to bolster its financial leadership during this significant transition.
Hau's extensive experience in the fintech sector will likely be an asset in managing Pentair’s financial operations and guiding the company through the complexities of the acquisition process. This leadership change aligns with Pentair's broader strategy to enhance its capabilities in the competitive market of water treatment solutions.
Key takeaways
- ▸Bob Hau takes over as CFO of Pentair after serving as CFO at Fiserv.
- ▸Pentair is in the process of acquiring Taco Group for $1.4 billion.
- ▸Hau's expertise in fintech may enhance Pentair's financial strategies post-acquisition.
Why this matters
Hau's appointment signals Pentair's commitment to strong financial governance during a pivotal acquisition. His fintech expertise may help navigate financial complexities, positioning Pentair favorably in a competitive sector while aiming to maximize the value of the Taco Group acquisition.