Market Overview

AquaVenture Holdings Announces Appointment of Timothy Whall to Its Board of Directors


AquaVenture Holdings Limited (NYSE:WAAS) ("AquaVenture" or the "Company"), a leader in Water-as-a-Service® ("WAAS®") solutions, announced today that Timothy Whall was appointed to the Company's Board of Directors.

Doug Brown, AquaVenture's Chairman of the Board, commented: "I am very excited to welcome Tim to AquaVenture's Board of Directors. Tim's decades-long career in the subscription-based home security industry will provide invaluable perspective to our Board. Additionally, his prolific M&A experience, passionate advocacy for the customer experience, and extensive operations, sales and supply chain experience will bring fresh insights into our business priorities as we continue to execute on the Company's growth strategies."

Mr. Whall has served on the Board of Directors of ADT, Inc. (NYSE:ADT), formerly ADT Corporation, since May 2016. Previously, Mr. Whall served as Chief Executive Officer of ADT from September 2017 until his retirement in November 2018 and President from April 2016 to September 2017. In addition, he was President of Prime Borrower from July 2015 to March 2018. From June 2010 to March 2017, Mr. Whall served as President, Chief Executive Officer, and a member of the Board of Directors of Protection One, Inc. Mr. Whall joined SecurityLink in 1990 as a Service Manager. He served as a General Manager before joining the senior management team in various capacities and ultimately became President and Chief Operating Officer. After SecurityLink was acquired by GTCR in 2000, Mr. Whall continued to serve as President and Chief Operating Officer. Following SecurityLink's sale to Tyco in 2001, Mr. Whall was ADT's Senior Vice President of Business Operations from 2001 to 2004. In 2004, Mr. Whall partnered with GTCR to acquire Honeywell's Security Monitoring division ("HSM"). At HSM he served as President and Chief Operating Officer. Following the sale of HSM to Stanley Black & Decker, Mr. Whall served as Chief Operating Officer of StanleyWorks' Convergent Security Solutions division for one year. In 2008, he left Stanley to pursue opportunities with GTCR. That partnership led to GTCR's acquisition of the Protection One business in June 2010. He received a B.A. in Personnel Management from Michigan State University.

About AquaVenture

AquaVenture is a multinational provider of WAAS® solutions that provide customers a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts that minimize capital investment by the customer. AquaVenture is composed of two operating platforms: Quench, a leading provider of filtered water systems and related services with approximately 150,000 units installed at institutional and commercial customer locations across the U.S. and Canada; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.

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