Market Overview

Aqua America Announces New Appointments to Board of Directors


Aqua America Inc. (NYSE:WTR) announced today the appointments of two
new members to its board of directors: Elizabeth B. Amato and Lee C.

Amato is the executive vice president and chief human resources officer
of United Technologies Corporation, which employs approximately 200,000
people throughout its subsidiaries around the world. Amato has been with
UTC since 1985.

During her tenure there, Amato has held the most senior human resources
executive leadership positions at several UTC business units including
UTC Climate, Controls & Security, Carrier, Pratt & Whitney and Sikorsky.
Amato holds a bachelor's degree from Davidson College and a law degree
from the University of Connecticut.

"Elizabeth is a skilled executive who has strong experience working with
the UTC board and executives from across the company's array of
subsidiaries," said Aqua America Chairman and CEO Christopher Franklin.
"She will be an asset to the Aqua board, particularly as we consider
important human capital-related matters resulting from our continued
growth-through-acquisition program."

Stewart joins Aqua's board with over 40 years of experience as an
investment banker, corporate executive and professional director for
various large public and privately held companies including Chase
Manhattan Bank, Bear Stearns, Union Carbide Corporation, ITC Holdings,
and P.H. Glatfelter Company. Stewart holds a bachelor's degree in
economics from the University of Pennsylvania and a master's degree from
American Graduate School.

Franklin said, "Lee is a seasoned public company director who has
served, at various points, as lead independent director and the chair of
audit and compensation committees for boards on which he has served. His
background in finance and experience evaluating corporate development
opportunities will be among the strengths he will bring to the Aqua

According to Franklin, both individuals bring valuable perspectives and
impressive backgrounds to Aqua's board.

"We know our shareholders and customers will benefit from their industry
knowledge, executive experience and business acumen."

Aqua America is one of the largest U.S.-based, publicly traded water
utilities and serves nearly 3 million people in Pennsylvania, Ohio,
North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. Aqua
America is listed on the New York Stock Exchange under the ticker symbol
WTR. Visit
for more information, or follow Aqua on Facebook at and on Twitter at @MyAquaAmerica.


View Comments and Join the Discussion!