SJW Group names Kay R. New as new CHRO

SAN JOSE, Calif. - SJW Group (NASDAQ: SJW), a prominent water and wastewater utility company with a market capitalization of $1.86 billion and currently trading at $54.61, announced today the appointment of Kay R. New as Chief Human Resources Officer (CHRO). According to InvestingPro analysis, SJW Group appears to be trading near its Fair Value, with analysts setting price targets between $57 and $66. New, whose tenure begins immediately, will manage the company’s talent development, organizational effectiveness, employee engagement, and performance initiatives.

New’s appointment comes with a wealth of experience in the utilities sector. She most recently served as Vice President of Rewards and Employee Experience at Avangrid, a major energy company. There, she was instrumental in shaping the employee journey and was recognized for her efforts in making Avangrid a Top Employer in the U.S.

Eric W. Thornburg, Chair, President, and CEO of SJW Group, commended New’s track record, saying her "deep expertise in human resources strategy, business acumen, and purposeful leadership" will enhance the company’s performance and service delivery.

Prior to her role at Avangrid, New held positions at SGS North America and US Bank, demonstrating a broad range of experience in talent acquisition and human resources. She is also an active community member, serving as Advisory Board Chair for the Trust for Public Land in Connecticut.

SJW Group is one of the largest investor-owned water utilities in the U.S., serving 1.6 million people through its subsidiaries, which include San Jose Water Company, The Connecticut Water Company, The Maine Water Company, and SJWTX, Inc. The company emphasizes investment in operations, community engagement, and sustainable value for stockholders. Financial data from InvestingPro shows the company’s commitment to shareholder returns, having maintained dividend payments for 54 consecutive years and raised dividends for 32 straight years, with a current yield of 3.08%. The company generated $748.4 million in revenue over the last twelve months, achieving an 11.65% growth rate.

This leadership change is based on a press release statement from SJW Group. It should be noted that forward-looking statements in the release are subject to various risks and uncertainties, and actual results may differ materially from those projected. These statements are not indicative of full-year performance due to factors such as regulatory actions, changes in demand, and general economic conditions. For deeper insights into SJW Group’s financial health and future prospects, InvestingPro subscribers can access comprehensive analysis, including additional ProTips and the detailed Pro Research Report, which provides expert analysis on this and 1,400+ other top US stocks.

In other recent news, SJW Group reported a strong financial performance for the fourth quarter of 2024, with earnings per share (EPS) of $0.74, surpassing the forecasted $0.55. The company’s revenue for the quarter also exceeded expectations, coming in at $197.82 million against a projected $193.72 million. Additionally, SJW Corporation’s full-year revenue reached $748.4 million, marking a 12% increase from the previous year. In leadership changes, Ann P. Kelly has been named the new Chief Financial Officer and Treasurer, effective July 1, 2025, succeeding Andrew F. Walters, who will become the Chief Executive Officer. S&P Global revised SJW Group’s outlook to stable from negative, citing improved financial measures such as an increased consolidated funds from operations (FFO) to debt ratio. The company announced a 25% increase in its five-year capital plan to about $2 billion, aimed at enhancing infrastructure and water quality. These developments reflect SJW Group’s ongoing strategic efforts in business planning and growth.

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