Aqua America Announces Election of New Director
June 29 2017 - 4:34PM
Business Wire
Independence Health Group President and CEO
Daniel J. Hilferty joins water utility board
Aqua America, Inc. (NYSE:WTR) announced today that its board of
directors has unanimously appointed Daniel J. Hilferty, president
and chief executive officer of Independence Health Group as its
newest director. At Independence, Hilferty leads the $16.7 billion
health insurer headquartered in Philadelphia. Since Hilferty became
CEO in 2010, the number of people the company and its affiliates
serve has tripled to nearly 8.6 million in 25 states and the
District of Columbia.
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Daniel J. Hilferty, president and chief
executive officer of Independence Health Group has been unanimously
appointed to the Board of Directors of Aqua America. (Photo:
Business Wire)
“Aqua is honored to have a board member as qualified as Dan
Hilferty, a distinguished and proven business leader and
philanthropist,” Nicholas DeBenedictis, Aqua America chairman, said
of the appointment.
In his role as president and CEO of Independence, Hilferty has
built business collaborations with world-renowned institutions such
as the University of Pennsylvania to conduct cutting-edge research
and partnered with Blue Cross and Blue Shield plans and other
leaders in health care to purchase dynamic health care companies,
including AmeriHealth Caritas, one of the country’s largest
Medicaid managed care companies.
Hilferty’s leadership, benevolence and business acumen will all
benefit Aqua’s customers, employees and shareholders, Aqua America
President and CEO Christopher Franklin said.
“Dan will bring innovation and vision to our stakeholders,”
Franklin said. “I’m particularly impressed by the growth he’s been
able to effect during his tenure at Independence, as well as his
commitment to philanthropy. All these factors align well with
Aqua’s mission, vision and values. I look forward to welcoming him
as a remarkable complement to the board.”
Hilferty serves on a variety of corporate and non-profit boards
including the Greater Philadelphia Chamber of Commerce, FS
Investment Corporation III, and the executive committee of the
board of directors of America’s Health Insurance Plans. Hilferty
also serves as chairman of the board of directors for the Blue
Cross Blue Shield Association.
Aqua’s newest director holds a Bachelor of Science in Accounting
from Saint Joseph’s College (now Saint Joseph’s University) and a
Master of Public Administration from American University.
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.
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Aqua America, Inc.Brian Dingerdissen, Investor
Relations610-645-1191BJDingerdissen@AquaAmerica.comorStacey Hajdak,
610-520-6309M: 267-294-1966SMHajdak@AquaAmerica.com
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