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Waters Corporation Announces Business Unit Leadership Transition Jonathan Pratt to Step Down to Pursue an External Opportunity Christos Ross Named Interim Senior Vice President of the Waters Divisio

Key Takeaway: Waters Corporation announced that Jonathan Pratt will step down as Senior Vice President of the Waters Division to pursue an external opportunity. Christos Ross, currently the Senior Vice President of Global Operations, has been named Interim Senior Vice President of the Waters Division as the company searches for a permanent successor. The transition is expected to be smooth, with support from the leadership team, and highlights the internal talent available within the company.
Price reaction · baseline $255.66 (2023-10-23 close) · hit after-hours · clean, no other WAT news in the window
day 0 close
-2.5%

Market Sentiment Analysis

POSITIVE FACTORS

  • Jonathan Pratt is pursuing an external opportunity, indicating career growth.
  • Christos Ross is well-prepared to serve as Interim SVP, ensuring leadership continuity.
  • The transition is expected to be seamless, as stated by the CEO.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Cash runway
~19 mo
Low dilution risk
Lead asset
CYTALUX preoperatively
Phase 2 · Esophageal Cancer

Full Press Release Details

Corporation Announces Business Unit Leadership Transition
Jonathan Pratt to Step Down to Pursue an External Opportunity
Christos Ross Named Interim Senior Vice President of the Waters Division
MILFORD, Mass., October 24, 2023 Waters Corporation (NYSE:WAT) today announced that Jonathan ( Jon ) Pratt has decided to step down from
his role as Senior Vice President of the Waters Division, to pursue an external opportunity. He will remain with Waters until October 27, 2023 to ensure a smooth transition.
Christos ( Chris ) Ross, Senior Vice President of Global Operations, will serve as Interim Senior Vice President of the Waters Division effective
immediately, until a permanent successor is named. Mr. Ross will continue as Senior Vice President of Global Operations and will maintain his existing responsibilities with the support of the Global Operations leadership team and the Executive
Committee. As part of its normal process the Company has initiated a search to identify a permanent successor and will evaluate internal and external candidates.
I want to thank Jon for his contributions to Waters during an important period at the Company. He enhanced our commercial capabilities, built a strong
leadership team and was a valued member of the Executive Committee, said Dr. Udit Batra, President and CEO, Waters Corporation. We want to congratulate Jon as he pursues this next step in his career.
We are fortunate to have a deep and talented team at Waters and with Chris stepping into this role on an interim basis, we are confident this will be a
seamless transition, Dr. Batra continued. Since his appointment in 2022, Chris has been a valuable leader at Waters overseeing the global operations team, where he has worked closely with leaders in the Waters Division. We look
forward to benefiting from his contributions in an expanded role as we continue to execute on our strategy.
Mr. Ross joined Waters in 2022,
serving as the Senior Vice President of Global Operations. He is responsible for leading the Company s worldwide capabilities in manufacturing, supply chain & distribution, operational excellence, real estate/facilities,
health & safety, procurement, and quality. Prior to joining Waters, he spent 14 years at MilliporeSigma, the Life Science business of Merck KGaA, where he served as Interim Sector Head of Life Science and Head of Integrated Supply Chain
Operations. Mr. Ross received an MBA from the University of Washington and a Bachelor of Science in electrical engineering from Worcester Polytechnic Institute.
About Waters Corporation (www.waters.com)
Corporation (NYSE:WAT), a global leader in analytical instruments and software, has pioneered chromatography, mass spectrometry, and thermal analysis innovations serving the life, materials, and food sciences for over 60 years. With approximately
8,000 employees worldwide, Waters operates directly in 35 countries, including 14 manufacturing facilities, and with products available in more than 100 countries.
Cautionary Statement
This release contains forward-looking statements regarding future results and events, including statements regarding leadership transitions. For
this purpose, any statements that are not statements of historical fact may be deemed forward-looking statements. Without limiting the foregoing, the words will, feels , believes , anticipates ,
plans , expects , intends , suggests , appears , estimates , projects and similar expressions, whether in the negative or affirmative, are intended to identify
forward-looking statements. Actual future results and events may differ significantly from the results and events discussed in the forward-looking statements within this release for a variety of reasons, including the factors that are discussed in
the sections entitled Forward-Looking Statements and Risk Factors of the Company s annual report on Form 10-K for the year ended December 31, 2022 as filed with the Securities
and Exchange Commission ( SEC ), as updated by the Company s subsequent filings with the SEC. The forward-looking statements included in this release represent the Company s estimates or views as of the date of this release and
should not be relied upon as representing the Company s estimates or views as of any date subsequent to the date of this release. Except as required by law, the Company does not assume any obligation to update any forward-looking statements.
Kevin Kempskie, Senior Director Public

Frequently Asked Questions

Who is stepping down from Waters Corporation?

Jonathan Pratt is stepping down to pursue an external opportunity.

Who will be the interim leader of the Waters Division?

Christos Ross has been named Interim Senior Vice President of the Waters Division.

When is Jonathan Pratt's last day at Waters?

Jonathan Pratt's last day at Waters will be October 27, 2023.

What is Christos Ross's background?

Christos Ross joined Waters in 2022 and previously worked at MilliporeSigma.

What roles will Christos Ross maintain during the transition?

Christos Ross will continue as Senior VP of Global Operations and interim leader.

Last updated: Oct 24, 2023