Introduction of Andrew F. Walters to the Board
H2O America (NASDAQ: HTO) is pleased to announce that Andrew F. Walters, the Chief Financial Officer, has been appointed to its Board of Directors. This transition takes effect on July 1, ushering in a new chapter for the company. Walters will bring invaluable insights and leadership, enhancing the board's dynamic as it now comprises ten members.
Statement from Andrew F. Walters
Sharing his thoughts on this significant step, Walters expressed his enthusiasm, saying, "I am honored to join the board of H2O America and look forward to working with such a dynamic group of leaders. I want to extend my gratitude to Eric Thornburg for his exemplary leadership over the past several years.” His sentiments reflect a commitment to fostering collaboration within the board.
Leadership Transition at H2O America
In addition to his board position, it was announced that Walters will also assume the role of CEO, effective immediately after Eric W. Thornburg’s retirement on June 30. With over a decade of experience in various capacities at H2O America, Walters is well-prepared to lead the company towards its strategic objectives, particularly in enhancing public health and safety through quality water services.
Path to Leadership
Walters' journey with the company includes his tenure as Chief Financial Officer and Treasurer. His focus has been on achieving sustainable financial growth while effectively managing resources. As the chief corporate development officer, he played a pivotal role in the acquisition of Connecticut Water Service, Inc., demonstrating his ability to drive H2O America's growth strategy.
Prior Experience
Before joining H2O America, Walters made significant strides at J.P. Morgan Asset Management, where he was a managing director in the Infrastructure Investments Group. Additionally, he led the Infrastructure Investment Banking Group at Citigroup, gaining over 15 years of experience across various roles. His diverse background has equipped him with the skills necessary to lead H2O America into a promising future.
Vision for H2O America
Walters emphasizes the transformation of H2O America from a collection of local utilities into a cohesive national network, supporting 1.6 million people. He is determined to enhance the company’s foundation by focusing on stakeholder relationships, strategic growth plans, and a supportive employee culture that values partnership and service.
About H2O America
H2O America operates as a national investor-owned network, ensuring clean, high-quality water for the communities it serves. With a commitment that extends beyond basic service provision, H2O views water delivery as a vital responsibility. The company remains dedicated to strengthening infrastructure through its four regional utilities, including Connecticut Water, Maine Water, San Jose Water, and Texas Water, effectively reaching a widespread demographic.
Sustainable Practices
Emphasizing long-term sustainability, H2O America actively invests in critical infrastructure to secure water supply for future generations. Their involvement encourages operational excellence while delivering lasting value to investors. The approach underscores a dedication to providing reliable services that meet the needs of the communities they serve.
Community Engagement
H2O America maintains a strong presence in local communities, actively engaging residents to ensure their needs are met with transparency. This community-oriented focus fosters trust among stakeholders and aids in the alignment of the company’s operations with public health imperatives.
Frequently Asked Questions
Who is Andrew F. Walters?
Andrew F. Walters is the Chief Financial Officer of H2O America and has recently been appointed to the Board of Directors.
What changes will occur with the new leadership?
With Walters stepping in as CEO and a board member, H2O America will continue its strategic focus on growth and service excellence.
What is H2O America's mission?
H2O America is committed to delivering clean, high-quality water while focusing on public health, infrastructure, and community engagement.
How does H2O America contribute to sustainability?
H2O America invests in infrastructure and practices that ensure long-term water supply and maintain ecological balance.
In which states does H2O America operate?
The company operates across four states, serving over 1.6 million people through its regional utilities.
