STOCK TITAN

California Water Service Group Announces Promotions on Its Leadership Team

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

California Water Service Group (NYSE:CWT) has announced key leadership changes to enhance operational efficiency. Greg A. Milleman will become Vice President, Rates & Regulatory Affairs, overseeing regulatory matters across California, Hawaii, New Mexico, and Washington starting January 1, 2022. Paul G. Townsley transitions to Vice President, Corporate Development, focusing on growth strategy. Michelle R. Mortensen is promoted to Vice President, Corporate Secretary, and Chief of Staff. Additionally, Elissa Y. Ouyang and Ronald D. Webb will take on new roles as Vice Presidents, reflecting the company's commitment to recognizing talent.

Positive
  • Greg A. Milleman's promotion is expected to streamline regulatory processes across multiple states.
  • Leadership restructuring may enhance overall company strategy and operational efficiency.
Negative
  • None.

SAN JOSE, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE:CWT) today announced the promotion of Greg A. Milleman to Vice President, Rates & Regulatory Affairs. In his prior role, Milleman was responsible for regulatory efforts in California; effective January 1, 2022, he will assume responsibility for all rates and regulatory matters for Group, including Hawaii, New Mexico, and Washington as well.

Paul G. Townsley, who previously held rates and regulatory affairs responsibilities outside of California, will assume the role of Vice President, Corporate Development and focus solely on executing the company’s growth strategy.

As part of a restructure of the CEO’s office, Michelle R. Mortensen will assume the role of Vice President, Corporate Secretary, and Chief of Staff. Her responsibilities will include management of the company’s internal audit function, transfer agent and stock administration, various tasks in support of the CEO, and corporate secretary duties.

Finally, in recognition of their significant contributions to the success of the company, Elissa Y. Ouyang will be promoted to Vice President, Facilities, Fleet, and Procurement, and Ronald D. Webb will be promoted to Vice President, Chief Human Resource Officer.

“I’m proud of our entire leadership team and all they’ve accomplished in 2021. I’m confident these changes will contribute to even greater success going forward,” said President and Chief Executive Officer Martin A. Kropelnicki.

About California Water Service Group
California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water service to more than 2 million people in California, Hawaii, New Mexico, Texas, and Washington. California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.

Media Contact
Yvonne Kingman
ykingman@calwater.com
310-257-1434


FAQ

What leadership changes occurred at California Water Service Group?

Greg A. Milleman was promoted to Vice President, Rates & Regulatory Affairs, effective January 1, 2022. Paul G. Townsley will focus on corporate development.

How will the management changes impact California Water Service Group?

The changes aim to enhance operational efficiency and focus on growth strategies, which may positively influence the company’s performance.

When will the leadership changes at California Water Service Group take effect?

The changes, particularly Greg A. Milleman's new role, will take effect on January 1, 2022.

California Water Service

NYSE:CWT

CWT Rankings

CWT Latest News

CWT Stock Data

2.73B
58.89M
0.72%
88.33%
1.07%
Utilities - Regulated Water
Water Supply
Link
United States of America
SAN JOSE