People: American Water Works Company Inc (AWK)
6 Mar 2014
Mr. Jeffry E. Sterba is no longer President, Chief Executive Officer, Director of American Water Works Company Inc., effective May 9, 2014. Sterba joined American Water as CEO in 2010. Under his leadership, the company delivered solid earnings per share growth more than doubling its equity share price and market capitalization, while strengthening its balance sheet with increases in revenues, net margin, and cash flow. At the same time, the company achieved its O&M efficiency rate goal through effective cost management and increased efficiencies. American Water also established its portfolio optimization strategy and grew both its regulated and market-based businesses. During Sterba`s tenure, American Water became the first U.S. water utility named to the Dow Jones Sustainability North America Index. Beyond his achievements at American Water, Sterba also became a thought leader in the water industry, testifying before Congress numerous times as well as helping to launch the Value of Water Coalition, a coalition made up of both public and private members of the water industry working to educate the public on the importance of clean, safe, and reliable water.
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