This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

American Water Chief Financial Officer To Retire During First Half Of 2013

Stocks in this article: AWK

American Water Works Company Inc. (NYSE: AWK), the largest publicly traded U.S. water and wastewater utility company, today announced Senior Vice President and Chief Financial Officer Ellen Wolf plans to retire during the first half of 2013, following the appointment of her successor and an orderly transition of the function.

“It is with mixed emotion that American Water makes this announcement today because Ellen has played such a pivotal role in American Water’s history,” said Jeff Sterba, president and CEO of American Water. “From leading the company’s compliance efforts as it prepared for what was the second largest initial public offering (IPO) in 2008 to directing and coordinating our financial objectives and obligations that strengthened our balance sheet, Ellen has benefited American Water through her commitment, expertise and leadership. I have long been impressed by her high ethical and performance standards. She will be missed and I thank her for everything she has done for this company and for her commitment to remain with American Water until after a successor is chosen and a smooth transition has taken place.” A search has been initiated for her successor.

Wolf has served as the company’s CFO for a combined 12 years. Beyond leading the finance function for the largest investor-owned water and wastewater service provider, Wolf is noted for serving on several boards including Airgas Inc. and the Philadelphia Zoo. She is also a former board member and active volunteer for Water For People. She was named the “2009 CFO of the Year” by the Philadelphia Business Journal, was a recipient of the “50 Key Women in Energy Awards” and was recognized by South Jersey Magazine as one of South Jersey’s “Top Business Women.”

“This was not an easy decision for me,” said Wolf. “It is inspiring to be part of a company that delivers such a vital service every day, with employees whose commitment is unmatched. But after helping to lead this company through an IPO, seeing it deliver strong results year over year and successfully transitioning our financial reporting systems to SAP last year, it is a good time to make this change. It has been such a rewarding experience and I will truly miss the many people I have had the pleasure of working with during my years at American Water.”

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs