Ecolab Inc Stock Price, News & Analysis

PSSI has appointed Tim Mulhere, a former executive at Ecolab, as its new CEO effective April 24, 2023. Mulhere has over 20 years of experience at Ecolab, where he oversaw annual revenues exceeding $4 billion. In addition to this leadership change, PSSI has launched a new charitable fund with an initial commitment of $10 million aimed at supporting children’s well-being and addressing the issue of unauthorized minor workers. The company is also enhancing its compliance measures in response to a settlement with the U.S. Department of Labor regarding underage hiring practices, implementing strict identity verification and hiring protocols.

Ecolab Inc. has appointed Nick Alfano as executive vice president and president of the Global Industrial Group, effective immediately. This group, which generated nearly $7 billion in revenue in 2022, includes Nalco Water and Food & Beverage divisions. Alfano aims to enhance customer value and promote sustainability through resilient operations. With a career at Ecolab since 1996, he brings extensive experience from various roles, including leadership in the Food & Beverage business. Ecolab serves over 47,000 associates and is committed to advancing food safety and environmental sustainability, achieving annual sales of $14 billion.

Ecolab will conduct a live webcast of its first quarter earnings conference call on May 2, 2023, at 1:00 p.m. Eastern Time. A news release will precede the call, announcing the earnings results. This will include financial metrics and business performance details relevant to stakeholders. Ecolab, a leader in sustainability, achieves annual sales of $14 billion and operates in over 170 countries. The webcast can be accessed through their investor website, and a replay will be available afterward. Ecolab continues to provide vital solutions in water, hygiene, and infection prevention.

The board of directors of Ecolab (NYSE:ECL) has declared a quarterly cash dividend of $0.53 per share, scheduled for payment on April 17, 2023. Shareholders recorded by the close of business on March 21, 2023 will be eligible. This dividend marks Ecolab's commitment to returning value to its shareholders, having paid dividends for 86 consecutive years. With annual sales of $14 billion and a presence in over 170 countries, Ecolab continues to lead in sustainability, enhancing operational efficiencies across various industries including food and healthcare.