American Water, Essential Utilities combination to be led by John Griffith

Upon closing of the transaction, John Griffith will serve as President and Chief Executive Officer of the combined company, and Christopher Franklin will serve as Executive Vice Chair of the board of directors of the combined company. Franklin will also serve as executive sponsor of the integration task force. David Bowler, American Water (AWK) Executive Vice President and CFO, will serve as Executive Vice President and Chief Financial Officer, and all existing executive team members of American Water who report to the CEO will continue to do so post-close. Additionally, Daniel Schuller, Essential Executive Vice President and CFO, will serve as Executive Vice President and Chief Strategy Officer; Colleen Arnold, President of Essential Aqua Water, will serve as President, Regulated Operations; and Michael Huwar, President of Peoples Natural Gas, will remain President and continue to lead the natural gas business. The combined company’s 15-member board of directors will include the 10 directors serving on American Water’s board of directors prior to the closing of the transaction, including Griffith, and five directors designated by Essential, including Franklin. Karl Kurz, independent Chair of the American Water board of directors, will continue to serve in such role after the closing of the transaction. The combined company will be headquartered in Camden, New Jersey and Essential’s Bryn Mawr and Pittsburgh offices will each continue to maintain a strong operational presence long term. The combined company will continue to use the name “American Water.”