American Water Works Company, Inc. (NYSE: AWK), the largest publicly traded U.S. water and wastewater utility company, announced today that David Baker, currently the senior vice president of American Water’s Northeast Division and president of New Jersey American Water is retiring in February 2014. Baker will remain with American Water for several months to ensure a smooth transition. Baker will be replaced by William Varley, currently the president of New York American Water, effective Sept. 16, 2013.
As president of New York American Water, Varley leads operations that provide high-quality and reliable water services to more than 370,000 people. In this role, he has reinforced and strengthened customer, regulatory and local government relationships. In addition, he has driven operational and financial results.Varley also served as vice president and manager of Long Island American Water, as well as vice president of Business Development for New Jersey and New York. Prior to that position, he was the operations manager for the Production Department. Before joining American Water in 2000, Varley was the district manager for Layne Christensen Co., a large water supply contracting company, for 13 years. He also worked for large consulting engineering firms Camp Dresser & McKee and Hazen & Sawyer as resident and design engineer for large wastewater treatment plant upgrades. Varley is currently Chairman of the New York Chapter of the National Association of Water Companies (NAWC), and is a member of the New York Section of the American Water Works Association (AWWA). He holds a Bachelors of Science in civil engineering technology from Rochester Institute of Technology. Varley will relocate to New Jersey American Water’s headquarters located in Voorhees, N.J. New Jersey American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 2.5 million people. New York American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water company in New York, providing high-quality and reliable water services to more than 370,000 people. Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than approximately 6,700 dedicated professionals who provide drinking water, wastewater and other related services to an estimated 14 million people in more than 30 states and parts of Canada. More information can be found by visiting www.amwater.com. Cautionary Statement Concerning Forward-Looking Statements Certain statements in this press release are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating our business and to the proposed transaction, including but not limited to, the expected completion of the proposed acquisition on a timely basis; the ability to satisfy closing conditions related to the proposed transaction, including obtaining regulatory approval, our anticipated capital investments and the ability to achieve our goals relating to integrating the new operations, involve risks and uncertainties.
Actual results could differ materially due to a variety of factors.For further information regarding risks and uncertainties associated with American Water's business, please refer to American Water's annual, quarterly and periodic SEC filings. The Company undertakes no duty to update any forward-looking statement. Click here to subscribe to Mobile Alerts for American Water.