Two Vivendi Principals Elected to Philadelphia Suburban Corporation Board
Two Vivendi Principals Elected to Philadelphia Suburban Corporation Board
August 1, 2000
Two Vivendi Principals Elected to Philadelphia Suburban Corporation Board BRYN MAWR, Pa. Aug. 1, 2000--Today, Richard J. Heckmann, chairman of Vivendi Water, and Andrew D. Seidel, president and chief operating officer of Vivendi Water, were elected to Philadelphia Suburban Corporation's (NYSE:PSC) Board of Directors.
Both executives were responsible for building USFilter into the leading global provider of industrial and commercial water and wastewater treatment systems and services. Vivendi, which is PSC's largest institutional shareholder, acquired USFilter in April 1999.
Dick Heckmann and Andy Seidel will be valuable additions to the PSC board, said PSC Chairman and CEO Nicholas DeBenedictis. Vivendi's CEO, Jean-Marie Messier, personally recommended that these accomplished entrepreneurs become part of the PSC board to share their talents and expertise in the water business. They will be a great asset to us as we continue to strengthen our strategic relationship with USFilter and Vivendi, and I look forward to working with them more closely.
Heckmann founded USFilter, a New York Stock Exchange Fortune 500 company, in July 1990. Over the course of seven years, Heckmann's leadership enabled the company to grow from $17 million to over $5 billion in sales.
Before assuming leadership of USFilter, Heckmann served as senior vice president at Prudential-Bache Securities and also worked as associate administrator of Finance and Investment of the Small Business Administration in Washington, D.C.
He is a founding shareholder of Callaway Golf, Inc., and serves on the Board of Directors of the New York Stock Exchange, K-2 Inc.-- a manufacturer of sporting goods equipment, United Rentals, Inc. and Station Casinos. Heckmann attended the University of Hawaii and completed the Small Company Management Program at Harvard Business School.
Seidel is a founding executive of USFilter and served as president and chief operating officer of the company's Water & Wastewater Group. He was a member of USFilter's original management team and also a member of the executive management group that successfully orchestrated the sale of USFilter to Vivendi.
In addition to working for USFilter, Seidel has also held positions at Hercules and Deloitte & Touche. Seidel holds a M.B.A. from the Wharton School of the University of Pennsylvania and a B.S. in Chemical Engineering also from the University of Pennsylvania.
PSC is the holding company for Philadelphia Suburban Water Company and Consumers Water Company, regulated public utilities that provide water to nearly two million residents in Pennsylvania, Ohio, New Jersey, Illinois and Maine.
PSC's common shares are traded on both the New York and Philadelphia Stock Exchanges under the ticker symbol PSC. PSC has been committed to the preservation and improvement of the environment throughout its history, which spans more than 100 years.
--30--SF/ph*
CONTACT:
Philadelphia Suburban Corporation
Donna Alston, Manager, Communications
610/645-1095
alstond@suburbanwater.com
Both executives were responsible for building USFilter into the leading global provider of industrial and commercial water and wastewater treatment systems and services. Vivendi, which is PSC's largest institutional shareholder, acquired USFilter in April 1999.
Dick Heckmann and Andy Seidel will be valuable additions to the PSC board, said PSC Chairman and CEO Nicholas DeBenedictis. Vivendi's CEO, Jean-Marie Messier, personally recommended that these accomplished entrepreneurs become part of the PSC board to share their talents and expertise in the water business. They will be a great asset to us as we continue to strengthen our strategic relationship with USFilter and Vivendi, and I look forward to working with them more closely.
Heckmann founded USFilter, a New York Stock Exchange Fortune 500 company, in July 1990. Over the course of seven years, Heckmann's leadership enabled the company to grow from $17 million to over $5 billion in sales.
Before assuming leadership of USFilter, Heckmann served as senior vice president at Prudential-Bache Securities and also worked as associate administrator of Finance and Investment of the Small Business Administration in Washington, D.C.
He is a founding shareholder of Callaway Golf, Inc., and serves on the Board of Directors of the New York Stock Exchange, K-2 Inc.-- a manufacturer of sporting goods equipment, United Rentals, Inc. and Station Casinos. Heckmann attended the University of Hawaii and completed the Small Company Management Program at Harvard Business School.
Seidel is a founding executive of USFilter and served as president and chief operating officer of the company's Water & Wastewater Group. He was a member of USFilter's original management team and also a member of the executive management group that successfully orchestrated the sale of USFilter to Vivendi.
In addition to working for USFilter, Seidel has also held positions at Hercules and Deloitte & Touche. Seidel holds a M.B.A. from the Wharton School of the University of Pennsylvania and a B.S. in Chemical Engineering also from the University of Pennsylvania.
PSC is the holding company for Philadelphia Suburban Water Company and Consumers Water Company, regulated public utilities that provide water to nearly two million residents in Pennsylvania, Ohio, New Jersey, Illinois and Maine.
PSC's common shares are traded on both the New York and Philadelphia Stock Exchanges under the ticker symbol PSC. PSC has been committed to the preservation and improvement of the environment throughout its history, which spans more than 100 years.
--30--SF/ph*
CONTACT:
Philadelphia Suburban Corporation
Donna Alston, Manager, Communications
610/645-1095
alstond@suburbanwater.com