American Water Works announces executive departure

American Water Works Company, Inc. (NYSE:AWK), a major player in the water supply industry with a market capitalization of nearly $26 billion, disclosed the upcoming departure of a key executive in a recent filing with the Securities and Exchange Commission. According to InvestingPro data, the company currently trades above its Fair Value. Melanie M. Kennedy, serving as the Executive Vice President and Chief Human Resources Officer, will separate from the company effective March 1, 2025.

The separation agreement, which adheres to the company’s Executive Severance Policy, marks the end of Kennedy’s long-standing tenure with the firm, having joined in 2007. American Water Works, headquartered in Camden, New Jersey, expressed gratitude for Kennedy’s contributions over the years. The company has maintained strong financial performance, with a 10.6% revenue growth in the last twelve months and an impressive track record of raising dividends for 11 consecutive years.

The company’s filing, dated Monday, did not name a successor or provide details on the circumstances surrounding Kennedy’s departure. American Water Works has a history of providing essential water supply services and is recognized for its significant role in the sector. For deeper insights into AWK’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers exclusive financial metrics and additional ProTips.

Investors and industry watchers will be closely monitoring the company’s next steps in leadership transition, anticipating any potential impact on the company’s strategic direction. The company’s stock, traded on the New York Stock Exchange under the ticker AWK, may see investor reactions to this executive change in the coming days. Currently, analysts maintain a moderate outlook on the stock, with price targets ranging from $105 to $159 per share.

This news is based on a press release statement and reflects the facts as reported by American Water Works Company, Inc. in their SEC filing.

In other recent news, American Water Works Company, Inc. reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share reaching $1.22, surpassing the consensus estimate of $1.12. The company also reported quarterly revenue of $1.2 billion, which topped projections of $1.11 billion. For the full year 2024, American Water Works achieved earnings of $5.39 per share, an increase from $4.90 per share in 2023. The company reaffirmed its 2025 earnings per share guidance range of $5.65 to $5.75, aligning with the analyst consensus of $5.72. Additionally, American Water Works maintained its long-term earnings per share and dividend growth targets of 7-9%. The company invested $3.3 billion in capital expenditures in 2024, focusing on infrastructure renewal and acquisitions, adding nearly 90,000 customer connections. In leadership news, CEO M. Susan Hardwick announced her retirement effective May 14, 2025, with President John Griffith slated to succeed her.

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