Pentair has appointed former finance chief Bob Fishman as interim chief financial officer as the company searches for a permanent replacement following Nicholas Brazis’ departure.
Brazis left the company on 10 July 2026 to pursue another opportunity at a private company. Fishman, who previously served as Pentair’s executive vice-president and CFO for six years, has returned to lead the finance function during the transition.
Pentair chief executive John L. Stauch said Fishman’s experience with the company and knowledge of its operations would support the business as it focuses on its strategic and financial priorities.
The company also revised its 2026 financial guidance, citing weaker-than-expected demand and changing market conditions. Pentair now expects full-year sales to decline by approximately 4% to 7%, compared with its previous forecast of 2% to 4% growth.
Pentair chief executive John L. Stauch said Fishman’s experience with the company and knowledge of its operations would support the business as it focuses on its strategic and financial priorities
Adjusted earnings per share are expected to be between $4.60 and $4.80, down from the previous guidance of $5.30 to $5.40. Pentair expects full-year net income from continuing operations of approximately $635m to $670m, with EBITDA forecast at about $1.05bn.
The company said its revised outlook reflects pressure from inventory adjustments in parts of its business and broader economic conditions, including higher interest rates and inflation.
Pentair said its Flow and Water Solutions segments are expected to perform broadly in line with previous expectations for the second quarter and full year of 2026.
The company also reported that it repurchased approximately 2 million shares for $150m during the second quarter.
Stauch said Pentair is taking action to adapt to current demand conditions while continuing to invest in innovation and long-term growth.
Fishman said the company remains supported by a strong balance sheet, cash flow generation and a resilient business model as it works to deliver long-term value for shareholders.
