Rebecca J. Boll
WATTS WATER TECHNOLOGIESAbout Rebecca J. Boll
Rebecca J. Boll, 53, has served as an independent director of Watts Water Technologies (WTS) since 2024. She is Chief Customer Officer at Fortescue Zero (a green technology and engineering services business of Fortescue Ltd) since February 2025, and previously was SVP & Chief Product Officer at Fluence Energy (2020–Feb 2025), with prior leadership roles at Schneider Electric and General Electric; earlier career includes Northrop Grumman, Allied Domecq, Leo Burnett, and service as an electronic combat officer (AWACS) in the U.S. Air Force . The Board determined she is independent under NYSE rules .
Past Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Fortescue Zero (Fortescue Ltd) | Chief Customer Officer | Feb 2025–present | Green technology and engineering services business |
| Fluence Energy, Inc. | SVP & Chief Product Officer | 2020–Feb 2025 | Energy storage products/services and cloud-based software provider |
| Schneider Electric | CTO & VP Strategy, Building Management BU | 2018–2020 | Digital automation and energy management |
| General Electric | CTO (GE Licensing & Technology Ventures); Executive GM (Edge Computing & Software Solutions, Automation & Controls); Commercial Leader (GE2GE, Automation & Controls) | 2005–2018 | Multiple senior technology and commercial roles |
| Northrop Grumman; Allied Domecq; Leo Burnett | Management roles | Prior to 2005 | Diverse industry experience |
| U.S. Air Force | Electronic Combat Officer, AWACS | Prior | Military service |
External Roles
- Current executive role: Fortescue Zero, Chief Customer Officer (not a disclosed directorship) .
- No other public company directorships disclosed for Boll in WTS’s proxy biography .
Board Governance
| Item | Detail |
|---|---|
| Board independence | Independent director (one of seven independent of nine total) |
| Committee memberships | Audit Committee member; Governance & Sustainability Committee member |
| Committee chairs | Not a chair; Audit chaired by Merilee Raines; Governance & Sustainability chaired by Michael J. Dubose |
| Committee meeting cadence | Audit met 5 times in 2024; Governance & Sustainability met 4 times in 2024 |
| Board meeting cadence and attendance | Board met 7 times in 2024; each incumbent director attended at least 75% of Board/committee meetings on which they served |
| Executive sessions | Non-management directors meet at least quarterly; presided by Lead Independent Director when present |
| Annual meeting attendance | All directors attended the 2024 Annual Meeting |
| Lead Independent Director | David A. Dunbar (elected 2023) |
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer | $85,000 | |
| Meeting fees | None; no additional compensation for attendance | |
| Equity retainer (program design) | Target $130,000 value in class A common stock annually | |
| 2024 equity grants (actual) | 678 shares granted Aug 5, 2024 (to each non-employee director) | |
| New director pro-rata grant | 326 shares upon election (Feb 7, 2024), ~half of annual grant | |
| 2024 cash paid (Boll) | $85,000 | |
| 2024 stock awards (Boll) | $199,209 grant-date fair value | |
| 2024 total (Boll) | $284,209 |
Additional details:
- Shares granted to directors in 2024 were not subject to vesting or other conditions (issued outright) .
- Some directors deferred stock awards (Goeser, Raines, Reitmeier); Boll did not elect deferral in 2024 .
Performance Compensation
- WTS does not disclose any performance-based or option awards for non-employee directors; 2024 director stock awards were time/issuance-based with no vesting or performance conditions .
- No options outstanding for directors and no unvested stock awards as of December 31, 2024 .
Other Directorships & Interlocks
- Compensation Committee interlocks: During 2024, members were Conway, Dubose, Dunbar, Goeser, Kissel; none had relationships requiring Item 404 disclosure; Boll was not a member .
- No disclosed shared directorships with competitors/suppliers/customers that would indicate potential interlocks for Boll .
Expertise & Qualifications
Highlighted skills from WTS’s Board skills matrix and biography:
- Technology/cybersecurity; digital/eCommerce; risk management; ESG and business ethics .
- Operational experience; M&A; finance/capital allocation; senior leadership; international experience; marketing/sales & brand management; HR/exec comp; government/regulatory .
- Industry background relevant to WTS’s fluid solutions and energy management markets via Schneider Electric/GE/Fluence background .
Equity Ownership
| Item | Value |
|---|---|
| Shares beneficially owned (Boll) | 1,004 shares |
| Ownership % of Class A | <1% (proxy denotes “*” less than 1%) |
| Voting power % | <1% |
| Unvested awards/options outstanding | None as of 12/31/2024 |
| Hedging/pledging | Prohibited for directors under Insider Trading Compliance Policy |
| Director stock ownership guideline | ≥3× annual cash retainer; expected within 3 years from election (deferred shares count) |
| Compliance status (program-wide) | All non-employee directors with ≥3 years service were in compliance at 2Q24; Boll elected in 2024 and is within grace period |
Governance Assessment
- Strengths: Independent status; service on Audit and Governance & Sustainability Committees (enhances oversight of financial reporting, risk/cybersecurity, and ESG); regular executive sessions; strong policy framework (Code of Conduct; related-party transaction policy; prohibition on hedging/pledging); high 2024 say‑on‑pay support (over 98%), signaling broad investor confidence in compensation governance .
- Alignment: Director pay mix is median‑targeted with cash retainer and equity grants; ownership guideline at 3× cash retainer with three-year compliance window; Boll owns 1,004 shares and is within guideline ramp period given 2024 election .
- Conflicts and related-party exposure: No related-party transactions disclosed for Boll; Board is a “controlled company” due to Horne family’s voting trust (68.3% voting power), but WTS elects not to use NYSE controlled-company exemptions and maintains majority independent Board and independent committees .
- RED FLAGS (contextual): Dual-class share structure and controlled-company status may raise entrenchment and governance risk perceptions generally; however, no Boll-specific conflicts or pledging/hedging are disclosed .
Overall signal: Boll brings substantive product, technology, and energy storage domain expertise to Audit and Governance/ESG oversight, with clean independence profile and no disclosed conflicts. Compensation/ownership policies support alignment, though controlled-company context remains a macro-governance consideration for investors .