Paul Stellato Named Vice President, Controller and Chief Accounting Officer of Xylem

RYE BROOK, N.Y.–(BUSINESS WIRE)–Xylem Inc. (NYSE:XYL), a leading global water technology company, today
announced that Paul Stellato has been appointed Vice President,
Controller and Chief Accounting Officer (CAO) of the Company, effective
immediately. Reporting to Xylem Senior Vice President and Chief
Financial Officer Mark Rajkowski, Mr. Stellato will oversee all aspects
of the Company’s financial reporting, accounting policies and controls.

“Paul brings significant financial expertise and broad business acumen
to this role,” said Mr. Rajkowski. “Over the past decade, he has built a
strong track record effectively leading a variety of critical areas of
finance, including audit, investor relations, and financial planning and
analysis. Importantly, he is a proven leader who will continue to add
value as we execute our growth plans.”

Mr. Stellato, 42, has more than 20 years of accounting, finance and
consulting experience. Most recently, he served as Xylem’s Vice
President, Financial Planning & Analysis and as Xylem’s Corporate
Controller on an interim basis. Prior to joining Xylem, he held a number
of increasingly responsible positions at ITT, which he joined in 2003.
Prior to joining ITT, Mr. Stellato held various positions with global
accounting firms, including EY (formerly Ernst & Young).

He earned a bachelor’s degree in accounting from Villanova University
and an MBA in finance from NYU Stern School of Business. Mr. Stellato is
a Certified Public Accountant.

About Xylem

Xylem (NYSE: XYL) is a leading global water technology company committed
to developing innovative technology solutions to the world’s water
challenges. The Company’s products and services move, treat, analyze,
monitor and return water to the environment in public utility,
industrial, residential and commercial building services settings. With
its October 2016 acquisition of Sensus, Xylem added smart metering,
network technologies and advanced data analytics for water, gas and
electric utilities to its portfolio of solutions. The combined Company’s
nearly 16,000 employees bring broad applications expertise with a strong
focus on identifying comprehensive, sustainable solutions. Headquartered
in Rye Brook, New York with 2016 revenue of $3.8 billion, Xylem does
business in more than 150 countries through a number of market-leading
product brands.

The name Xylem is derived from classical Greek and is the tissue that
transports water in plants, highlighting the engineering efficiency of
our water-centric business by linking it with the best water
transportation of all — that which occurs in nature. For more
information, please visit us at www.xylem.com.

Contacts

Xylem Inc.
Media
Kelly McAndrew, +1-914-323-5969
[email protected]
or
Investors
Matt
Latino, +1-914-323-5821
[email protected]