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American Water Appoints Paul J. Evanson As New Independent Member To Board Of Directors

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 that Paul J. Evanson has been appointed as an independent member of the company’s board of directors effective March 21, 2013.

“American Water is pleased to have Mr. Evanson join our board of directors,” said George MacKenzie, chairman of the board of American Water. “Mr. Evanson has extensive experience in the utility industry and he is an excellent addition to our board.”

American Water’s board of directors now consists of nine members.

“I have had the privilege of knowing Paul for many years and long admired his approach to tackling challenging situations, in particular those dealing with strategic planning, finance and risk management,” said Jeff Sterba, president and CEO of American Water. “As the CEO of Allegheny Energy, Paul transformed a struggling company into a successful, and profitable, enterprise within a few years. His proven track record as a leader will add significant value to American Water and further strengthen our board.”

Evanson served as chairman, CEO and president of Allegheny Energy, Inc. from 2003 to 2011. The company provided utility services in four mid-Atlantic states until its merger with FirstEnergy Corp in February 2011. Following the merger, Evanson served as executive vice chair of FirstEnergy until his retirement in May 2011.

From 1995 to 2003, Evanson was president of Florida Power & Light Co., the principal subsidiary of FPL Group, Inc., and a director of FPL Group Inc. He also was the president and chief operating officer of the Lynch Corp., a diversified entrepreneurial company focused on telecommunications. Evanson also held leadership positions with Moore McCormack Resources and Arthur Andersen & Co.

Evanson currently serves on the St. John’s University board of trustees, the Columbia Law School Dean’s Council, and the Westmoreland Museum of American Art board of trustees. He also served as a director of the Edison Electric Institute, a director of the North American Electricity Reliability Council and as chairman of the board of the Florida Reliability Coordinating Council.

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