Xylem Inc. announced that On May 19, 2023, the Board of Directors of the Company increased the size of the Board from 10 to 12 directors, and, pursuant to the terms of the Merger Agreement, appointed Lisa Glatch and Lynn C. Swann as members of the Board to fill the resulting vacancies. The appointments of Ms. Glatch and Mr. Swann are pursuant to and effective as of the closing of the Merger (the Closing). Ms. Glatch and Mr. Swann served on the Board of Directors of Evoqua from 2020 and 2018, respectively, up to the Effective Time.

In addition, Ms. Glatch was appointed as a member of the Board's Leadership Development and Compensation Committee, and Mr. Swann was appointed as a member of the Board's Nominating and Governance Committee, each as of the Closing. The Board has determined that Ms. Glatch and Mr. Swann are independent under the Company's Corporate Governance Principles, the New York Stock Exchange listing standards and applicable SEC rules and regulations. Ms. Glatch currently serves as a director on the Board of Directors of Hess Corporation.

There are no arrangements or understandings between Ms. Glatch and any other person pursuant to which she was elected as a director. Mr. Swann currently serves as President of Swann Inc. He also serves as a director on the Board of Directors of Apollo Global Management Inc., and as a trustee on the Board of Trustees of American Homes 4 Rent. There are no arrangements or understandings between Mr. Swann and any other person pursuant to which he was elected as a director.