Chief Financial Officer David Smeltzer to retire after 32-year tenure
BRYN MAWR, Pa.--(BUSINESS WIRE)--Apr. 30, 2018--
Aqua America Inc. (NYSE: WTR) Chairman and CEO Christopher H. Franklin
announced several changes in the senior management team stemming from
the scheduled retirement of Executive Vice President and Chief Financial
Officer David Smeltzer.
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Aqua America EVP and CFO David P. Smeltzer will retire from his position in October of this year, completing 32 years of service to the company. (Photo: Business Wire)
Smeltzer will retire in October after a 32-year career with Aqua. Daniel
Schuller, who is currently serving as EVP, strategy and corporate
development, will succeed Smeltzer as CFO, with an immediate appointment
as deputy CFO until Smeltzer’s formal retirement. Matthew Rhodes will
join the company to fill Schuller’s current role as EVP, strategy and
corporate development. To round out Franklin’s executive team, Christina
Kelly will join the company as senior vice president and chief human
In the CFO role, Schuller will oversee all financial functions including
accounting, tax, treasury, planning, and capital spending. He has served
in his current role at Aqua since August 2015, where he is responsible
for developing, communicating, and executing Aqua's strategic
initiatives, with an emphasis on growth. Prior to joining Aqua, Schuller
spent eight years with J.P. Morgan Asset Management – Infrastructure
Rhodes will join Aqua in June after spending 11 years within the
Investment Banking Division at Goldman Sachs, where he was a managing
director with lead coverage responsibility for over 25 regulated
electric and gas utility clients.
Schuller’s promotion and Rhodes’ appointment are a result of Smeltzer’s
pending retirement. Named CFO in 1999, Smeltzer was appointed executive
vice president in 2012.
“During his decades of service, Dave’s leadership has left an indelible
mark on Aqua and we thank him for the lasting contributions he’s made to
our company, and for the benefit of our customers,” said Franklin.
“Everyone who knows Dave knows he is a genuine, pragmatic leader. I am
confident that Dan’s experience will allow him to build on
Dave’s legacy, and that Matt’s addition to the team will further expand
on the company’s initiatives.”
Also joining the Aqua senior leadership team is Kelly, who will serve as
senior vice president and chief human resources officer. Most recently
vice president of human resources for AmerisourceBergen Corporation,
Kelly brings with her 14 years of experience leading human resources
teams and executing on business strategies for corporate organizations.
She will begin her new role May 21.
“At Aqua, we deeply value our employees and their contributions toward
our mission of protecting and providing Earth’s most essential
resource,” said Franklin. “Christina is well-equipped to provide
experienced leadership to our human resources efforts aimed at ensuring
we’ve got all the tools in place to support our team and our culture.”
In their new posts, Schuller, Rhodes and Kelly will all report to
Aqua America is one of the largest U.S.-based, publicly traded water
utilities and serves nearly 3 million people in Pennsylvania, Ohio,
North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. Aqua
America is listed on the New York Stock Exchange under the ticker symbol
WTR. Visit AquaAmerica.com
for more information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180430005169/en/
Source: Aqua America
Marketing and Communications