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Ann P. Kelly Promoted to Chief Financial Officer of SJW Group

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SJW Group (NASDAQ: SJW) has announced the appointment of Ann P. Kelly as Chief Financial Officer and Treasurer, effective July 1, 2025. Kelly, who joined as Chief Accounting Officer in November 2024, will succeed Andrew F. Walters, who will become CEO following Eric W. Thornburg's retirement.

Kelly brings extensive utility sector experience, having previously served as CFO at American Electric Power (AEP) where she led a 250+ member team. Her prior roles include CFO positions at AmeriGas Propane and various leadership positions at UGI , Exelon Generation, and PECO Energy.

In her new role at SJW Group, Kelly will be responsible for business planning, growth and development, treasury, and investor relations. She holds a BA in accounting from Ohio Wesleyan University and an MBA in finance from Villanova University.

Il Gruppo SJW (NASDAQ: SJW) ha annunciato la nomina di Ann P. Kelly come Direttore Finanziario e Tesoriere, con effetto dal 1 luglio 2025. Kelly, che è entrata a far parte dell'azienda come Direttore della Contabilità nel novembre 2024, succederà a Andrew F. Walters, che diventerà CEO dopo il pensionamento di Eric W. Thornburg.

Kelly porta con sé una vasta esperienza nel settore dei servizi pubblici, avendo precedentemente ricoperto il ruolo di CFO presso American Electric Power (AEP), dove ha guidato un team di oltre 250 membri. Le sue esperienze precedenti includono posizioni di CFO presso AmeriGas Propane e vari ruoli dirigenziali in UGI, Exelon Generation e PECO Energy.

Nel suo nuovo ruolo al Gruppo SJW, Kelly sarà responsabile della pianificazione aziendale, della crescita e dello sviluppo, della tesoreria e delle relazioni con gli investitori. Ha conseguito una laurea in contabilità presso l'Università di Ohio Wesleyan e un MBA in finanza presso l'Università di Villanova.

Grupo SJW (NASDAQ: SJW) ha anunciado el nombramiento de Ann P. Kelly como Directora Financiera y Tesorera, con efecto a partir del 1 de julio de 2025. Kelly, quien se unió como Directora de Contabilidad en noviembre de 2024, sucederá a Andrew F. Walters, quien se convertirá en CEO tras la jubilación de Eric W. Thornburg.

Kelly aporta una amplia experiencia en el sector de servicios públicos, habiendo sido anteriormente CFO en American Electric Power (AEP), donde lideró un equipo de más de 250 miembros. Sus roles anteriores incluyen posiciones de CFO en AmeriGas Propane y varios puestos de liderazgo en UGI, Exelon Generation y PECO Energy.

En su nuevo rol en el Grupo SJW, Kelly será responsable de la planificación empresarial, el crecimiento y desarrollo, la tesorería y las relaciones con inversores. Tiene una licenciatura en contabilidad de la Universidad de Ohio Wesleyan y un MBA en finanzas de la Universidad de Villanova.

SJW 그룹 (NASDAQ: SJW)는 Ann P. Kelly를 최고 재무 책임자 및 재무 담당자로 임명했다고 발표했습니다. 이는 2025년 7월 1일부터 효력이 발생합니다. 2024년 11월 최고 회계 책임자로 합류한 Kelly는 Andrew F. Walters를 이어받아 Eric W. Thornburg의 은퇴 후 CEO가 될 것입니다.

Kelly는 이전에 American Electric Power (AEP)에서 CFO로 재직하며 250명 이상의 팀을 이끌었던 유틸리티 분야에서 광범위한 경험을 가지고 있습니다. 그녀의 이전 직책에는 AmeriGas Propane의 CFO와 UGI, Exelon Generation 및 PECO Energy의 다양한 리더십 직책이 포함됩니다.

SJW 그룹에서의 새로운 역할에서 Kelly는 사업 계획, 성장 및 개발, 재무 및 투자자 관계를 책임지게 됩니다. 그녀는 오하이오 웨슬리안 대학교에서 회계학 학사 학위를, 빌라노바 대학교에서 재무 MBA를 취득했습니다.

Groupe SJW (NASDAQ: SJW) a annoncé la nomination de Ann P. Kelly au poste de Directrice Financière et Trésorière, à compter du 1er juillet 2025. Kelly, qui a rejoint l'entreprise en tant que Directrice de la Comptabilité en novembre 2024, succédera à Andrew F. Walters, qui deviendra PDG après la retraite d'Eric W. Thornburg.

Kelly apporte une vaste expérience dans le secteur des services publics, ayant précédemment occupé le poste de CFO chez American Electric Power (AEP), où elle a dirigé une équipe de plus de 250 membres. Ses rôles précédents incluent des postes de CFO chez AmeriGas Propane et divers postes de direction chez UGI, Exelon Generation et PECO Energy.

Dans son nouveau rôle au sein du Groupe SJW, Kelly sera responsable de la planification commerciale, de la croissance et du développement, de la trésorerie et des relations avec les investisseurs. Elle est titulaire d'un BA en comptabilité de l'Université d'Ohio Wesleyan et d'un MBA en finance de l'Université de Villanova.

SJW Gruppe (NASDAQ: SJW) hat die Ernennung von Ann P. Kelly zur Finanzvorständin und Schatzmeisterin bekannt gegeben, die am 1. Juli 2025 in Kraft tritt. Kelly, die im November 2024 als Chief Accounting Officer zum Unternehmen kam, wird Andrew F. Walters nachfolgen, der nach der Pensionierung von Eric W. Thornburg CEO wird.

Kelly bringt umfangreiche Erfahrungen im Versorgungssektor mit, da sie zuvor CFO bei American Electric Power (AEP) war, wo sie ein Team von über 250 Mitgliedern leitete. Zu ihren vorherigen Positionen gehören CFO-Posten bei AmeriGas Propane sowie verschiedene Führungspositionen bei UGI, Exelon Generation und PECO Energy.

In ihrer neuen Rolle bei der SJW Gruppe wird Kelly verantwortlich sein für Unternehmensplanung, Wachstum und Entwicklung, Treasury und Investor Relations. Sie hat einen BA in Rechnungswesen von der Ohio Wesleyan University und einen MBA in Finanzen von der Villanova University.

Positive
  • Seamless leadership transition with internal promotion ensuring continuity
  • New CFO brings extensive utility sector experience and proven leadership from major companies like AEP
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  • None.

SAN JOSE, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- SJW Group (NASDAQ: SJW), a leading national investor-owned pure-play water and wastewater utility, today announced that its Board of Directors has appointed Ann P. Kelly as Chief Financial Officer (CFO) and Treasurer, effective July 1, 2025. Kelly, who joined SJW Group in November 2024 as Chief Accounting Officer, has already played a key role in advancing the company’s business transformation and operational excellence.

In her new role, Kelly will lead business planning, growth and development, and oversee core financial functions including treasury and investor relations. Her promotion follows the recent retirement announcement of Eric W. Thornburg, SJW Group’s Chair, President, and Chief Executive Officer, who will step down in July 2025. He will be succeeded as CEO by the company’s current CFO and Treasurer, Andrew F. Walters.

“Ann is a seasoned utility executive with substantial experience in financial and accounting leadership, as well as business transformation, having previously served as CFO for American Electric Power (AEP) and AmeriGas Propane before joining SJW Group,” stated Thornburg. “She will help us navigate the increasingly complex financial needs of our growing national organization, while bringing added focus to business planning and investor relations to deliver value for our shareholders. Importantly, Ann has already made an impact as a leader in this company through her collaborative approach, integrity, and sense of purpose. We are confident she will be instrumental in shaping the next chapter of our company’s growth.”

As CFO at AEP, one of the nation’s largest electric utilities, Kelly led a team of more than 250 professionals across accounting, tax, treasury and risk, corporate planning and budgeting, and investor relations. Prior to joining AEP, she served in various roles of increasing responsibility at UGI Corporation (“UGI”), a natural gas, propane and electric power distribution company, up to Vice President of Finance and Chief Financial Officer at AmeriGas Propane, a UGI subsidiary. Kelly’s utility experience also includes finance and risk roles at Exelon Generation and PECO Energy, and she began her career as a senior accountant at Price Waterhouse.

Kelly holds a Bachelor of Arts in accounting from Ohio Wesleyan University and a Master of Business Administration with a concentration in finance from Villanova University.

About SJW Group

SJW Group is among the largest investor-owned pure-play water and wastewater utilities in the United States, providing life-sustaining and high-quality water service to 1.6 million people. SJW Group’s locally led and operated water utilities - San Jose Water Company in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine, and SJWTX, Inc. (dba The Texas Water Company) in Texas - possess the financial strength, operational expertise, and technological innovation to safeguard the environment, deliver outstanding service to customers, and provide opportunities to employees. SJW Group remains focused on investing in its operations, remaining actively engaged in its local communities, and delivering continued sustainable value to its stockholders. For more information about SJW Group, please visit www.sjwgroup.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the federal securities laws relating to future events and future results of SJW Group and its subsidiaries that are based on current expectations, estimates, forecasts, and projections about SJW Group and its subsidiaries and the industries in which SJW Group and its subsidiaries operate and the beliefs and assumptions of the management of SJW Group. Some of these forward-looking statements can be identified by the use of forward-looking words such as “believes,” “expects,” “estimates,” “anticipates,” “intends,” “seeks,” “plans,” “projects,” “may,” “should,” “will,” "approximately," "strategy," or the negative of those words or other comparable terminology. These forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements.

The accuracy of such statements is subject to a number of risks, uncertainties and assumptions including, but not limited to, the following factors: (1) the effect of water, utility, environmental and other governmental policies and regulations, including regulatory actions concerning rates, authorized return on equity, authorized capital structures, capital expenditures, PFAS and other decisions; (2) changes in demand for water and other services; (3) unanticipated weather conditions and changes in seasonality including those affecting water supply and customer usage; (4) the effect of the impact of climate change; (5) unexpected costs, charges or expenses; (6) our ability to successfully evaluate investments in new business and growth initiatives; (7) contamination of our water supplies and damage or failure of our water equipment and infrastructure; (8) the risk of work stoppages, strikes and other labor-related actions; (9) catastrophic events such as fires, earthquakes, explosions, floods, ice storms, tornadoes, hurricanes, terrorist acts, physical attacks, cyber-attacks, epidemic, or similar occurrences; (10) changes in general economic, political, business and financial market conditions; (11) the ability to obtain financing on favorable terms, which can be affected by various factors, including credit ratings, changes in interest rates, compliance with regulatory requirements, compliance with the terms and conditions of our outstanding indebtedness, and general market and economic conditions; and (12) legislative, and general market and economic developments. The risks, uncertainties and other factors may cause the actual results, performance or achievements of SJW Group to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Results for a quarter are not indicative of results for a full year due to seasonality and other factors. In addition, actual results, performance or achievements are subject to other risks and uncertainties that relate more broadly to our overall business, including those more fully described in our filings with the SEC, including our most recent reports on Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements are not guarantees of future performance, and speak only as of the date made, and SJW Group undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

Media Contact
Nazan Riahei
Vice President of Communications
(408) 731-0890
Nazan.Riahei@sjwater.com

Investor Contact
Dan Meaney
Director of Investor Relations
(860) 664-6016
Daniel.Meaney@ctwater.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0c8f0dc8-7e07-4c0f-a224-b43230c33b5c


FAQ

When will Ann P. Kelly become CFO of SJW Group?

Ann P. Kelly will assume the role of CFO and Treasurer of SJW Group on July 1, 2025.

What is Ann P. Kelly's current position at SJW Group?

Ann P. Kelly currently serves as Chief Accounting Officer at SJW Group, a position she has held since November 2024.

What are Ann P. Kelly's responsibilities as the new CFO of SJW?

As CFO, Kelly will lead business planning, growth and development, treasury operations, and investor relations at SJW Group.

What is Ann P. Kelly's previous experience before joining SJW Group?

Kelly previously served as CFO at American Electric Power (AEP) and AmeriGas Propane, with additional experience at UGI , Exelon Generation, and PECO Energy.
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