Essential Utilities Announces Appointment of David Ciesinski to Board of Directors
July 07 2021 - 5:00PM
Business Wire
Essential Utilities Inc. (NYSE: WTRG) announces the appointment
of David Ciesinski to the Essential board of directors. Ciesinski
will serve as a member of the audit and the corporate governance
committees of the board.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210707005841/en/
Essential Utilities announces appointment
of David Ciesinski to board of directors (Photo: Business Wire)
Ciesinski is the president, CEO and director of Lancaster Colony
Corporation and the president of T. Marzetti Company where he has
rebuilt the company leadership team and led the development and
implementation of the company’s growth plan, which has consistently
delivered top-quartile financial results and world-class workplace
safety results.
“After a national search for a new director, the experience and
expertise that Dave will bring to the Essential board is clear. He
will be an excellent representative of the shareholders in guiding
the company, particularly in matters of growth and branding. Dave’s
experience in growth through acquisition will add value as we
continue to execute our long-term growth strategy,” said Essential
Chairman and CEO Christopher Franklin.
Prior to his appointment at T. Marzetti, Ciesinski was the EVP
and president of Kraft’s Meal Solutions division, where he oversaw
the turnaround of the division and the revitalization and launch of
brands. He is a West Point graduate and a veteran of the U.S. Army
with service during the first Gulf War in Iraq, where he earned a
Bronze Star Medal. Ciesinski also earned a master’s degree in
marketing and finance from the Tepper School of Business at
Carnegie Mellon University.
About Essential
Essential is one of the largest publicly traded water,
wastewater and natural gas providers in the U.S., serving
approximately 5 million people across 10 states under the Aqua and
Peoples brands. Essential is committed to excellence in proactive
infrastructure investment, regulatory expertise, operational
efficiency and environmental stewardship. The company recognizes
the importance water and natural gas play in everyday life and is
proud to deliver safe, reliable services that contribute to the
quality of life in the communities it serves. For more information,
visit http://www.essential.co.
Forward-looking statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, among others: the company’s role in the United States’
infrastructure investments; its ability to be an industry leader in
protecting the environment; the guidance range of adjusted income
per diluted common share for the fiscal year ending in 2021; the
3-year earnings growth from 2021 to 2023; the projected total
regulated water segment customer growth for 2021; the anticipated
amount of capital investment in 2021; the anticipated amount of
capital investment from 2021 through 2023; and the company’s
anticipated rate base growth from 2021 through 2023. There are
important factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements including: disruptions in the global economy; financial
and workforce impacts from the COVID-19 pandemic; the continuation
of the company's growth-through-acquisition program; the company’s
continued ability to adapt itself for the future and build value by
fully optimizing company assets; general economic business
conditions; the company’s ability to fund needed infrastructure;
housing and customer growth trends; unfavorable weather conditions;
the success of certain cost-containment initiatives; changes in
regulations or regulatory treatment; availability and access to
capital; the cost of capital; disruptions in the credit markets;
the success of growth initiatives; the company’s ability to
successfully close municipally owned systems presently under
agreement; the company’s ability to continue to deliver strong
results; the company’s ability to continue to pay its dividend, add
shareholder value and grow earnings; municipalities’ willingness to
privatize their water and/or wastewater utilities; the company’s
ability to control expenses and create and maintain efficiencies;
the company’s ability to acquire municipally owned water and
wastewater systems listed in its “pipeline”; and other factors
discussed in our Annual Report on Form 10-K and our Quarterly
Reports on Form 10-Q, which are filed with the Securities and
Exchange Commission. For more information regarding risks and
uncertainties associated with Essential's business, please refer to
Essential's annual, quarterly and other SEC filings. Essential is
not under any obligation - and expressly disclaims any such
obligation - to update or alter its forward-looking statements
whether as a result of new information, future events or
otherwise.
WTRGG
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210707005841/en/
Brian Dingerdissen Essential Utilities Inc. Investor Relations
O: 610.645.1191 BJDingerdissen@Essential.co
Erin O’Donnell Communications and Marketing 412.208.6614
Media@essential.co
Essential Utilities (NYSE:WTRG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Essential Utilities (NYSE:WTRG)
Historical Stock Chart
From Sep 2023 to Sep 2024