Nicholas R. Colisto to join Xylem Inc. as Chief Information Officer
WHITE PLAINS, N.Y. -- December 05, 2012
Xylem Inc. (NYSE: XYL), a leading global water technology company focused on
addressing the world’s most challenging water issues, today announced the
appointment of Nicholas R. Colisto as Senior Vice President and Chief
Information Officer (CIO), effective December 19, 2012. He will report
directly to Gretchen McClain, President and Chief Executive Officer of Xylem,
and will be responsible for all information technology (IT) strategy and
staffing to support the global business. Colisto’s nomination to become a
corporate officer of Xylem will be presented to the company's board of
directors on December 13, 2012.
“As a company doing business in more than 150 countries, we have seen the
growing strategic importance of information technology in enabling efficient
operations and business processes, and we’re elevating the IT functional
leadership to reflect that importance,” said McClain. “Nick’s deep experience
in delivering innovative business technology solutions across all functions
fits perfectly with our global IT needs. He will be a valuable addition to our
Since 2005, Colisto, 46, served in executive IT positions at Hovnanian
Enterprises, Inc., a $1.4 billion residential construction company in Red
Bank, N.J., and was appointed Vice President and CIO there in 2008. From 2000
to 2005, he was an Executive Director in IT at Boehringer-Ingelheim
Pharmaceuticals, Inc. in Ridgefield, Conn. Prior to that, he served in a
number of positions of increasing responsibility at Priceline.com, Hyperion
Solutions, Inc., Pepsi-Cola and the Bayer Corporation.
He serves on the academic advisory board at Rutgers University and on the
foundation board of trustees for Bayshore Community Hospital, part of the
Meridian Health Network.
He received both a Bachelor of Business Administration degree in Management
Information Systems, and a Master of Science degree in Information Systems
from Pace University.
About Xylem Inc.
Xylem (XYL) is a leading global water technology provider, enabling customers
to transport, treat, test and efficiently use water in public utility,
residential and commercial building services, industrial and agricultural
settings. The company does business in more than 150 countries through a
number of market-leading product brands, and its people bring broad
applications expertise with a strong focus on finding local solutions to the
world’s most challenging water and wastewater problems. Launched in 2011 from
the spinoff of the water-related businesses of ITT Corporation, Xylem is
headquartered in White Plains, N.Y., with 2011 revenues of $3.8 billion and
12,500 employees worldwide. In 2012, Xylem was named to the Dow Jones
Sustainability World Index for advancing sustainable business practices and
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
Tom Glover, 914-323-5891
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