Aqua America Announces Election of New Director
Independence Health Group President and CEO Daniel J. Hilferty joins
water utility board
BRYN MAWR, Pa.--(BUSINESS WIRE)--
Aqua America, Inc. (NYSE:WTR) announced today that its board of
directors has unanimously appointed Daniel J. Hilferty, president and
chief executive officer of Independence Health Group as its newest
director. At Independence, Hilferty leads the $16.7 billion health
insurer headquartered in Philadelphia. Since Hilferty became CEO in
2010, the number of people the company and its affiliates serve has
tripled to nearly 8.6 million in 25 states and the District of Columbia.
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Daniel J. Hilferty, president and chief executive officer of Independence Health Group has been unanimously appointed to the Board of Directors of Aqua America. (Photo: Business Wire)
"Aqua is honored to have a board member as qualified as Dan Hilferty, a
distinguished and proven business leader and philanthropist," Nicholas
DeBenedictis, Aqua America chairman, said of the appointment.
In his role as president and CEO of Independence, Hilferty has built
business collaborations with world-renowned institutions such as the
University of Pennsylvania to conduct cutting-edge research and
partnered with Blue Cross and Blue Shield plans and other leaders in
health care to purchase dynamic health care companies, including
AmeriHealth Caritas, one of the country's largest Medicaid managed care
Hilferty's leadership, benevolence and business acumen will all benefit
Aqua's customers, employees and shareholders, Aqua America President and
CEO Christopher Franklin said.
"Dan will bring innovation and vision to our stakeholders," Franklin
said. "I'm particularly impressed by the growth he's been able to effect
during his tenure at Independence, as well as his commitment to
philanthropy. All these factors align well with Aqua's mission, vision
and values. I look forward to welcoming him as a remarkable complement
to the board."
Hilferty serves on a variety of corporate and non-profit boards
including the Greater Philadelphia Chamber of Commerce, FS Investment
Corporation III, and the executive committee of the board of directors
of America's Health Insurance Plans. Hilferty also serves as chairman of
the board of directors for the Blue Cross Blue Shield Association.
Aqua's newest director holds a Bachelor of Science in Accounting from
Saint Joseph's College (now Saint Joseph's University) and a Master of
Public Administration from American University.
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: http://www.businesswire.com/news/home/20170629006306/en/
Aqua America, Inc.
Brian Dingerdissen, Investor Relations
Source: Aqua America, Inc.
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