Hayward Industries Names Kevin Holleran as President and CEO

SOURCE: Hayward Industries

World-class business leader brings strong track record of building multi-channel manufacturing businesses and driving profitable growth

ELIZABETH, NJ – August 12, 2019 – Hayward Industries, Inc., a leading global manufacturer and marketer of residential and commercial pool equipment, today announced that Kevin P. Holleran has been named President & Chief Executive Officer, effective immediately, succeeding Clark Hale, who departs after a successful seven-year tenure with the company. Mr. Holleran will also join Hayward’s board of directors.

Mr. Holleran has nearly 30 years of experience in commercial and management positions across a number of industrial focused end markets. Most recently, Mr. Holleran served as President & CEO of the $4 billion Industrial Segment within Textron (NYSE: TXT). Textron’s Industrial Segment is comprised of Textron Specialized Vehicles, a leading global manufacturer of purpose-built vehicles and equipment for a variety of commercial and recreational applications across a number of brands(including E-Z-GO, Cushman, Arctic Cat, Textron Off-Road, TUG, Douglas, Premier, Safeaero, Jacobsen, Ransomes, and Dixie Chopper) as well as Kautex, which manufactures plastic fuel systems and other components for automobiles. Prior to 2016, Mr. Holleran was the President & CEO of Textron Specialized Vehicles for nine years, during which time he grew revenue and profitability substantially through both organic growth and acquisitions. Prior to his time at Textron, Mr. Holleran held a number of management positions at Ingersoll Rand and Terex Corporation across the sales, marketing, and product management functions. He holds an MBA from Wake Forest University and an undergraduate degree from Cornell University.

Mr. Hale, a seven-year veteran of Hayward, is departing Hayward to embark on the next stage of his career. Hayward has been strengthened by Mr. Hale’s contributions as he guided Hayward through a transition from a family-owned business to a private equity backed company. Additional noteworthy contributions include the strategic acquisitions and successful integration of Kripsol, Sugar Valley, Paramount Leisure Industries, and ConnectedYard.

Mark McFadden, Managing Director at CCMP Capital and board member of Hayward, said, “We are excited to welcome Kevin to the Hayward team and are confident he is the right person to lead the next phase of the company’s growth. We thank Clark Hale for his leadership in transitioning Hayward from family ownership and laying a strong foundation for growth.”

Kevin Brown, Senior Managing Director at MSD Partners and board member of Hayward, said, “Kevin is a talented executive and an ideal fit to drive our strategic growth plan at Hayward given his combination of leadership abilities, commercial background, and proven track record growing multi-channel manufacturing businesses. We believe Kevin can hit the ground running on the execution of our key growth initiatives, and we are very pleased to have him leading the Hayward team.”

“Hayward is a global market leader with an exceptional brand and track record of innovation spanning many decades,” said Mr. Holleran. “I am thrilled to join this talented team and view this as a unique opportunity to help accelerate growth at an already very strong company.”

About Hayward Industries, Inc.

Hayward is a leading global manufacturer of both residential and commercial pool and spa equipment, as well as industrial flow control products, which are built on safety and reliability. Headquartered in Elizabeth, NJ, Hayward designs, manufactures, and markets a full line of innovative, energy-efficientpool and spa equipment, with brands including AquaVac®, AquaRite® Salt Chlorinators, ColorLogic®, Navigator®, OmniLogic®, OmniHub™, TriStar®, Super Pump®, TurboCell®, pHin™, CAT Controllers®, HCP Pumps and Saline C® Series.

Hayward products are sold worldwide. For more information, visit www.hayward.com