Posted 04 October, 2022
CALIFORNIA WATER SERVICE GROUP appointed new CEO
CEO Change detected for ticker NYSE:CWT in a 8-K filed on 04 October, 2022.
On September 28, 2022, the Board of Directors (the "Board") of California Water Service Group (the "Company") appointed Martin A. Kropelnicki, the Company's current President, Chief Executive Officer and a director, to serve as Chairman of the Board, effective at the conclusion of the Company's 2023 Annual Meeting of Stockholders (the "2023 Annual Meeting").
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Overview of CALIFORNIA WATER SERVICE GROUP
Companies on the Energy Service • Water Utilities
California Water Service Group is a holding company, which engages in the provision of water utility and other related services in California, Washington, New Mexico, and Hawaii through its wholly owned subsidiaries. The firm is involved in the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public, and irrigation uses, and fire protection. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The company was founded in 1926 and is headquartered in San Jose, CA.Market Cap
$3.01B
View Company Details
$3.01B
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 28, 2022, the Board of Directors (the "Board") of California Water Service Group (the "Company") appointed Martin A. Kropelnicki, the Company's current President, Chief Executive Officer and a director, to serve as Chairman of the Board, effective at the conclusion of the Company's 2023 Annual Meeting of Stockholders (the "2023 Annual Meeting"). Mr. Kropelnicki will succeed Peter C. Nelson, who, in accordance with the Board's retirement age policy, will be retiring as a director at the 2023 Annual Meeting. The independent directors have selected Terry P. Bayer, who currently serves as a member of the Board, to serve as Lead Independent Director, effective immediately. A copy of the press release issued on October 4, 2022 announcing these changes is attached hereto as Exhibit 99.1.
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