Federal Signal appoints Shashank Patel, Watts Water CFO, to its board of directors
Federal Signal Corporation expanded its board from six to seven directors and appointed Shashank Patel effective October 25, 2021. Patel has served as CFO of Watts Water Technologies since July 2018 and will join the Audit Committee.
- Board appointment of Shashank Patel effective October 25, 2021; board size increased from six to seven
- Patel to receive $75,000 annual base retainer plus $9,000 annual Audit Committee retainer, prorated for 2021
- Patel eligible for an annual equity award of $110,000 beginning in 2022; 50% of retainers paid in stock until ownership requirements are met