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American Water (AWK) has issued an update.
Effective August 1, 2024, John C. Griffith will become the President of the company, with David Bowler stepping into the role of Executive Vice President and Chief Financial Officer, alongside Cheryl Norton who continues as Chief Operating Officer with expanded duties. The Executive Development and Compensation Committee has approved updated compensation packages for these executives, reflecting their new responsibilities and roles, ensuring their pay remains competitive and aligns with industry standards. These updates include adjustments to their annual salaries, performance targets, and long-term incentive plans.
For an in-depth examination of AWK stock, go to TipRanks’ Stock Analysis page.