Michael Houghton Appointed To Artesian Resources Board of Directors
September 24 2018 - 7:45AM
Artesian Resources Corporation (Nasdaq: ARTNA), which includes
operations in Delaware, Maryland and Pennsylvania, today announced
the expansion of the Board of Directors by appointing Michael
Houghton. The expansion of the Board of Directors recognizes
Mr. Houghton’s areas of specific expertise as a new addition to the
current board.
Mr. Houghton, a partner with the law firm of
Morris Nichols Arsht & Tunnell in Wilmington, DE, has extensive
experience representing governmental entities, banks, trust
companies, insurance companies and public utilities, including
Artesian Water Company, in commercial transactions and before
regulatory authorities. Mike has been selected for inclusion
in The Best Lawyers in America from 2009-2019.
“We are honored and excited to add Mike as a
member of our Board,” said Dian C. Taylor, Chair, President and
Chief Executive Officer of Artesian. “His wealth of
professional, regulatory and public policy experience will provide
invaluable insights and benefits that will complement the skills of
our Board. Mike is well acquainted with our vision and
mission in service to our customers, employees and shareholders,
and is uniquely qualified to contribute immediately to our
continued success.”
Mr. Houghton has served in numerous leadership
roles with both Delaware and national business and professional
organizations, including as President of the Uniform Law Commission
and the Delaware State Bar Association, as well as serving as
member of the boards of the Delaware State Chamber of Commerce, the
Delaware Public Policy Institute, the Pete du Pont Freedom
Foundation and the Rockefeller Trust Company of Delaware.
In 2017, Mr. Houghton was appointed by Delaware
Gov. John Carney to serve as Chair of the Delaware Economic and
Financial Advisory Council (DEFAC). DEFAC, which includes
public and private sector representatives, is responsible for
providing non-partisan and objective revenue and expenditure
estimates to the Governor and General Assembly, as well as advice
on tax policy and economic trends.
“I am very pleased to join the Board of
Artesian, a local company with an outstanding reputation of service
and involvement in our community. I look forward to working
with others on the board to continue to help the Company grow and
prosper to the benefit of its customers,” said Houghton.
About Artesian Resources
Artesian Resources Corporation operates as a
holding company of wholly-owned subsidiaries offering water and
wastewater services, and related services, on the Delmarva
Peninsula. Artesian Water Company, the principal subsidiary,
is the oldest and largest regulated water utility on the Delmarva
Peninsula and has been providing water service since 1905.
Artesian supplies 7.9 billion gallons of water per year through
1,293 miles of water main to nearly a third of Delaware
residents.
Contact:
Nicholle TaylorInvestor
Relations(302)453-6900ntaylor@artesianwater.com
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/3b2d7341-536b-45a4-8543-48bd6317a09a
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