September 7, 2017 / 8:33 PM / 3 months ago

BRIEF-Mueller Water Products says CFO ‍Evan Hart to retire on Dec 31, 2017​

Sept 8 (Reuters) - Mueller Water Products Inc

* Mueller Water Products Inc announces strategic reorganization and restructuring to drive innovation, accelerate growth and reduce costs

* Mueller Water Products Inc - ‍projected annual cost savings of approximately $7 million from restructuring​

* Mueller Water Products Inc - ‍under new organizational structure, engineering, operations, sales & marketing and other functions will be centralized​

* Mueller Water Products Inc - ‍Evan Hart, senior vice president and chief financial officer, will retire as of December 31, 2017​

* Mueller Water Products Inc - expected permanent elimination of about 35 full-time positions between now and end of December​

* Mueller Water Products Inc - expects to incur about $11 million in restructuring charges associated with reorganization, which will include charge in current quarter

* Mueller Water Products Inc - ‍Marietta Edmunds Zakas will take over as company’s cfo immediately following Hart’s retirement​

* Mueller Water Products Inc - ‍company will begin to implement restructuring immediately, and reorganization is expected to be in place by October 1​ Source text for Eikon: Further company coverage:

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