Aqua America Announces Changes in Executive Leadership Team
April 30 2018 - 7:00AM
Business Wire
Chief Financial Officer David Smeltzer to
retire after 32-year tenure
Aqua America Inc. (NYSE: WTR) Chairman and CEO Christopher H.
Franklin announced several changes in the senior management team
stemming from the scheduled retirement of Executive Vice President
and Chief Financial Officer David Smeltzer.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180430005169/en/
Aqua America EVP and CFO David P.
Smeltzer will retire from his position in October of this year,
completing 32 years of service to the company. (Photo: Business
Wire)
Smeltzer will retire in October after a 32-year career with
Aqua. Daniel Schuller, who is currently serving as EVP, strategy
and corporate development, will succeed Smeltzer as CFO, with an
immediate appointment as deputy CFO until Smeltzer’s formal
retirement. Matthew Rhodes will join the company to fill Schuller’s
current role as EVP, strategy and corporate development. To round
out Franklin’s executive team, Christina Kelly will join the
company as senior vice president and chief human resources
officer.
In the CFO role, Schuller will oversee all financial functions
including accounting, tax, treasury, planning, and capital
spending. He has served in his current role at Aqua since August
2015, where he is responsible for developing, communicating, and
executing Aqua's strategic initiatives, with an emphasis on growth.
Prior to joining Aqua, Schuller spent eight years with J.P. Morgan
Asset Management – Infrastructure Investments Group.
Rhodes will join Aqua in June after spending 11 years within the
Investment Banking Division at Goldman Sachs, where he was a
managing director with lead coverage responsibility for over 25
regulated electric and gas utility clients.
Schuller’s promotion and Rhodes’ appointment are a result of
Smeltzer’s pending retirement. Named CFO in 1999, Smeltzer was
appointed executive vice president in 2012.
“During his decades of service, Dave’s leadership has left an
indelible mark on Aqua and we thank him for the lasting
contributions he’s made to our company, and for the benefit of our
customers,” said Franklin. “Everyone who knows Dave knows he is a
genuine, pragmatic leader. I am confident that Dan’s experience
will allow him to build on Dave’s legacy, and that Matt’s
addition to the team will further expand on the company’s
initiatives.”
Also joining the Aqua senior leadership team is Kelly, who will
serve as senior vice president and chief human resources officer.
Most recently vice president of human resources for
AmerisourceBergen Corporation, Kelly brings with her 14 years of
experience leading human resources teams and executing on business
strategies for corporate organizations. She will begin her new role
May 21.
“At Aqua, we deeply value our employees and their contributions
toward our mission of protecting and providing Earth’s most
essential resource,” said Franklin. “Christina is well-equipped to
provide experienced leadership to our human resources efforts aimed
at ensuring we’ve got all the tools in place to support our team
and our culture.”
In their new posts, Schuller, Rhodes and Kelly will all report
to Franklin.
Aqua America is one of the largest U.S.-based, publicly traded
water utilities and serves nearly 3 million people in Pennsylvania,
Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and
Virginia. Aqua America is listed on the New York Stock Exchange
under the ticker symbol WTR. Visit AquaAmerica.com for more
information.
WTRG
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180430005169/en/
Aqua AmericaStacey HajdakMarketing and CommunicationsO:
610-520-6309M: 267-294-1866SMHajdak@AquaAmerica.comorBrian
DingerdissenInvestor RelationsO:
610-645-1191BJDingerdissen@AquaAmerica.com
Aqua America (NYSE:WTR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aqua America (NYSE:WTR)
Historical Stock Chart
From Apr 2023 to Apr 2024