HAMILTON, N.J.--(BUSINESS WIRE)--
Aqua America, Inc. (NYSE: WTR) announced today that former member of the
New Jersey Board of Public Utility Commissioners (BPU) Nicholas Asselta
will join the company as president of its New Jersey subsidiary
effective immediately, replacing William B. Davis who continued to
manage his responsibilities as president after being promoted to vice
president, corporate development in May 2012.
Asselta worked for more than 20 years as marketing and production
manager for Times Graphic, Inc., a Gannett Company subsidiary before
entering a career of public education and public service. He was elected
to the Vineland Board of Education in 1993 and within two years (January
1995), was sworn into the General Assembly to fill an unexpired term,
which led to the first of four subsequent terms representing New
Jersey's First District in the General Assembly. In 2003, he was elected
to the New Jersey Senate where he served until 2008 when he became a BPU
commissioner.
President and CEO of the New Jersey Utilities Association Andrew Hendry
said, "We wish Mr. Asselta well with his new role. He will, no doubt,
bring his long-standing commitment to environmental and corporate
compliance to the next phase of his career."
Aqua America's Chairman and CEO Nicholas DeBenedictis said, "We value
the expertise and unique set of skills he brings from his experience at
the commission which will help us navigate the dynamic environment of
compliance while growing our customer base in New Jersey as a leading
water and wastewater utility."
Aqua America's Chief Operating Officer, Regulated Operations Chris
Franklin, to whom Asselta will report, said Mr. Asselta is looking
forward to the distinct experience Asselta will bring to the company's
New Jersey operation. "Asselta has a unique mix of experience having
served in both regulatory and legislative capacities," said Franklin.
"His constituent service experience coupled with the utility knowledge
he has gained in his position as commissioner will serve the company and
its customers very well."
Asselta received awards during his legislative tenure including
experience the Legislator's Award from the New Jersey Conference of
Mayors; Legislator of the Year Award from the New Jersey Hospital
Association; and the Friends of Public Health Award from the New Jersey
Department of Health and Senior Services.
Aqua America is one of the largest U.S.-based, publicly-traded water
utilities and serves almost 3 million residents in Pennsylvania,
Florida, Georgia, Illinois, Indiana, New Jersey, North Carolina, Ohio,
Texas and Virginia. Aqua America is listed on the New York Stock
Exchange under the ticker symbol WTR. Visit www.aquaamerica.com
for more information.
WTRG
Aqua America, Inc.
Justin Pizzi
Director, Communications
610-520-6308
484-868-5032
jcpizzi@aquaamerica.com
Source: Aqua America, Inc.
News Provided by Acquire Media
