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American Water Appoints George MacKenzie to Chairman of the Board
American Water, Voorhees, the largest and most geographically diverse provider of water services in North America, appointments George MacKenzie as non-executive chairman of the company's Board of Directors effective May 17, 2006.
George MacKenzie most recently served as Interim President and CEO of American Water until the appointment of Donald L. Correll, which took effect April 17, 2006. MacKenzie has been a member of the American Water Board of Directors since August 2003 and also served as the Chair of the Audit Committee of the Board from February 2004, until his appointment as Interim CEO.
Harry Roels, CEO of RWE AG, states, "I am pleased that George has accepted this appointment and will continue to serve in an important role in preparing American Water for its return to being an independent, publicly traded company."
George MacKenzie previously served as vice chairman of the Board and chief financial officer of Hercules Incorporated, a global manufacturer of chemical specialties whose 5,000 employees generated sales of approximately $2 billion in fiscal 2005. During his 22-year career with Hercules he served in a variety of senior management roles including president of the Chemical Specialty Division.
George MacKenzie replaces Jeremy Pelczer who served as American Water's president from September 2003, and president and CEO from February 2004 until the end of 2005 and non-executive Chairman of American Water since November 2005. Mr. Pelczer will continue to head RWE Thames Water.
"We are thankful for Jeremy's strong leadership at American Water over the past two years as CEO and Chairman, and are pleased that he will dedicate his full attention to Thames Water as its CEO," said Harry Roels.
American Water Appoints George MacKenzie to Chairman of the Board
American Water, Voorhees, the largest and most geographically diverse provider of water services in North America, appointments George MacKenzie as non-executive chairman of the company's Board of Directors effective May 17, 2006.
George MacKenzie most recently served as Interim President and CEO of American Water until the appointment of Donald L. Correll, which took effect April 17, 2006. MacKenzie has been a member of the American Water Board of Directors since August 2003 and also served as the Chair of the Audit Committee of the Board from February 2004, until his appointment as Interim CEO.
Harry Roels, CEO of RWE AG, states, "I am pleased that George has accepted this appointment and will continue to serve in an important role in preparing American Water for its return to being an independent, publicly traded company."
George MacKenzie previously served as vice chairman of the Board and chief financial officer of Hercules Incorporated, a global manufacturer of chemical specialties whose 5,000 employees generated sales of approximately $2 billion in fiscal 2005. During his 22-year career with Hercules he served in a variety of senior management roles including president of the Chemical Specialty Division.
George MacKenzie replaces Jeremy Pelczer who served as American Water's president from September 2003, and president and CEO from February 2004 until the end of 2005 and non-executive Chairman of American Water since November 2005. Mr. Pelczer will continue to head RWE Thames Water.
"We are thankful for Jeremy's strong leadership at American Water over the past two years as CEO and Chairman, and are pleased that he will dedicate his full attention to Thames Water as its CEO," said Harry Roels.
posted by Jones Lang LaSalle NJ News Blog at 9:36 AM
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