American Water's Vallejo to Lead Investor Relations

VOORHEES, N.J.--(BUSINESS WIRE)--

American Water Works Company Inc. AWK, the largest publicly traded U.S. water and wastewater utility company, announced that its vice president of Investor Relations, Greg Panagos, has decided to leave the company effective Sept. 12, 2016. Edward Vallejo, currently American Water's vice president of Financial Strategy, Planning and Decision Support, will hold a revised role and has been named vice president of Financial Planning and Investor Relations.

"We are pleased to have Ed lead our financial planning function and investor relations," said Linda Sullivan, executive vice president and chief financial officer at American Water. "Ed led Investor Relations for American Water for eight years and did a tremendous job in that role earning the respect of our employees, investors and the financial community. His extensive experience in corporate finance, capital markets and investment banking is a great value for our company and makes him a great fit for this new role."

Prior to his current role as vice president of Financial Strategy, Planning and Decision Support, Vallejo served as vice president of Investor Relations at American Water from 2006 to 2014. In that role, he created a comprehensive investor relations program in preparation for the company's initial public offering in April 2008.

Previously, he had served as the chief financial officer of Thames Water Chile, where he was responsible for all aspects of financial strategy, processes and operations.

From 1999 to 2005, Vallejo held various positions of increasing responsibility with American Water, including vice president of Mergers & Acquisitions (M&A) and treasurer. He began his career in the utilities sector in 1994 as an investment banker for PaineWebber, covering electric, gas and water companies and completing numerous equity, debt and M&A transactions.

Vallejo holds a bachelor's degree in economics from New York Institute of Technology and a master's degree in business administration from New York University.

Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. Marking its 130th anniversary this year, the company employs more than 6,700 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada. More information can be found at www.amwater.com.

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