American Water Names Linda G. Sullivan Senior Vice President and Chief Financial Officer
VOORHEES, N.J.--(BUSINESS WIRE)--
American Water Works Company Inc. (NYSE: AWK), the largest publicly
traded U.S. water and wastewater utility company, has announced that
effective May 9, 2014, Linda G. Sullivan will become its senior vice
president and chief financial officer. Sullivan is succeeding Susan
Story, who will become American Water's president and chief executive
officer at the company's annual meeting scheduled for May 9, 2014.
"American Water is very excited and pleased to have someone with Linda's
broad and deep utility experience join our company," said Susan Story,
senior vice president and CFO of American
Water. "She is a knowledgeable professional with 25 years of
progressive leadership in a variety of financial and operational roles.
Serving as the senior vice president and chief financial officer of
Southern California Edison, one of the nation's largest electric
utilities and a subsidiary of Edison International, Linda has led all
aspects of finance including strategy, planning, treasury, accounting,
risk management, and control functions. Having most recently led a
successful company-wide program to enhance growth and optimize Southern
California Edison's cost structure, her experience directly correlates
with American Water's strategic, long-term goals."
Sullivan will join American Water on April 28, 2014 and will serve in an
interim role to ensure a smooth transition to her new role as CFO as
Story moves into her new CEO role. Story is replacing current president
and CEO Jeff Sterba, who is retiring
from American Water on May 9, 2014.
"It's great to have someone with Linda's expertise and team commitment
take over for Susan as CFO," said Jeff Sterba, president and CEO of
American Water. "Beyond leading all aspects of finance, Linda also
brings operational experience, leading supply chain functions,
transportation services and facilities management. Like Susan, her
commitment to excellent customer service, growth and employee
development will help American Water continue the solid financial
performance it has delivered and will further enhance our already strong
leadership team."
Sullivan has been CFO of Southern California Edison since 2009 and took
on additional responsibility for operational support activities in 2012.
Prior to becoming CFO, Sullivan was vice president and controller of
both Edison International and Southern California Edison for five years.
In this role, Sullivan led quarterly audit committee responsibilities,
directed corporate accounting functions, Securities and Exchange
Commission (SEC) compliance, general ledger, accounts payable and
receivable, fixed assets, payroll, tax, financial information systems
and external audits.
Sullivan was assistant controller of Edison International from 2001
through 2005. Prior to 2001, Sullivan held a variety of lead financial
roles at a number of Edison International's competitive businesses,
including retail subsidiaries providing home security, energy
efficiency, and operations and maintenance services; and a research and
development start-up focused on distributed generation, smart grid
technologies, solar rooftop installations and electric vehicle charging
stations. From 1991 to 1996, Sullivan performed finance and accounting
functions at the corporate level and within an operating business unit
at the utility.
Before starting her career at Edison International, Sullivan was a
senior auditor with Arthur Andersen, LLP, for three years.
Sullivan is involved in a variety of charitable activities and serves on
two boards. She is the chair of the finance committee on the board of
Crystal Stairs, Inc., a $90 million non-profit organization assisting
working families with child care services in underserved communities of
Los Angeles County, and a member of the board of Executive Services
Corps, which provides coaching, consulting and capacity building to
nonprofits throughout southern California.
Sullivan has been a Certified Public Accountant since 1991 (inactive)
and a Certified Management Accountant since 1995. She earned her
Bachelor of Science degree from Portland State University.
About American Water
Founded in 1886, American Water (NYSE: AWK) is the largest publicly
traded U.S. water and wastewater utility company. With headquarters in
Voorhees, N.J., the company employs approximately 6,600 dedicated
professionals who provide drinking water, wastewater and other related
services to an estimated 14 million people in more than 40 states and
parts of Canada. More information can be found at www.amwater.com.
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American Water Works Company Inc.
Edward Vallejo
Vice
President, Investor Relations
856-566-4005
edward.vallejo@amwater.com
or
Maureen
Duffy
Vice President, Communications
856-309-4546
maureen.duffy@amwater.com
Source: American Water Works Company Inc.
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