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Business Observer Wednesday, Aug. 31, 2022 3 months ago

Tampa water company begins search for new head of finance

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Primo Water Corp. CFO Jay Wells plans to retire in April 2023.

Primo Water Corp. (NYSE: PRMW) CFO Jay Wells has announced his retirement from the Tampa-based provider of sustainable drinking water throughout North America and Europe, effective April 1, 2023.

In a news release, Primo says it has begun a search for a successor to Wells, who joined the company in March 2012. He previously worked for Molson Coors, where he held various senior positions, including CFO of Molson Coors Canada and global vice president of Molson Coors Brewing Co.

Primo Water Corp. CFO Jay Wells. (Courtesy photo)

“On behalf of the entire management team, I thank Jay for his dedication and valuable contributions during his career at Primo,” CEO Tom Harrington states in the release. “Primo has a strong finance team, and Jay has played a significant role in helping drive financial and operational improvements to help us realize our purpose of inspiring healthier lives with water your way. I am deeply appreciative that Jay will remain with Primo to help facilitate a smooth leadership transition and wish him all the best in his retirement.”

Primo Water Corp. has reported $2.07 billion in gross revenue in 2022, up from $1.95 billion in 2021 — an increase of 6%.

“It has been a privilege to work with Primo’s devoted and talented team over the past 10 years,” Wells states in the release. “Having completed Primo’s transformation to a pure-play water company, now is the right time for me to retire. I am committed to ensuring a smooth transition and look forward to following the continued success of Primo.”

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