Xylem Chief Executive McClain’s Pay Dropped 29 Percent in 2012

Xylem Inc. (XYL), a maker of water treatment systems, reduced pay for Chief Executive Officer Gretchen McClain by 29 percent last year absent one time stock awards related to the company’s 2011 spin-off from ITT Corp.

McClain’s total compensation dropped to $6.2 million last year from $8.78 million in 2011, the White Plains, New York- based company said today in a regulatory filing. Her base salary increased 48 percent to $935,000.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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