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Artesian Water Company Announces the Hiring of Deirdre S. Smith, P.E.

1. Deirdre S. Smith joins Artesian as Director of Planning. 2. She will lead water main renewals and wastewater planning. 3. Smith has over 35 years of engineering experience. 4. Her expertise aims to enhance service reliability in Delmarva. 5. Artesian serves over a third of Delaware residents.

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FAQ

Why Bullish?

Deirdre Smith's extensive experience and leadership can improve Artesian's operations, potentially increasing efficiency and service reliability, leading to stronger business performance. Historical instances show that strategic hires often correlate with positive stock performance—such as when other utilities enhanced management teams, subsequently seeing improved earnings.

How important is it?

The appointment of a qualified leader with a strong industry background signals a potential for enhanced performance, which is fundamental in the utility sector. The emphasis on planning and system management will likely influence Artesian's operational effectiveness, hence impacting long-term stock performance.

Why Long Term?

The impact of managerial changes typically unfolds over time as new strategies are implemented. Historical references indicate long-term benefits from experienced leadership in utilities, resulting in sustained improvement and customer satisfaction over months and years.

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AWKVEOEYSJI
NEWARK, Del., April 23, 2025 (GLOBE NEWSWIRE) -- Artesian Water Company, a subsidiary of Artesian Resources Corporation (Nasdaq: ARTNA), announces that Deirdre S. Smith, P.E., has joined the Company as Director of Planning. In her new role, Ms. Smith is responsible for Artesian’s Planning Department initiatives, including coordinating water main renewals and highway relocation projects, along with subdivision planning for water and wastewater systems. She also will be responsible for implementing Artesian’s other related strategic initiatives. Ms. Smith comes to Artesian from the engineering consulting industry, most recently serving as Vice-President and MidAtlantic Area Leader for Verdantas, where she had operational responsibility for the firm’s Delaware, Maryland, New Jersey and southeastern Pennsylvania offices. Prior to Verdantas, Ms. Smith was a partner and Chief Operating Officer of Duffield Associates. Deirdre holds a Bachelor of Civil Engineering and a Master of Civil Engineering from the University of Delaware and has over 35 years of related experience. “I am delighted that Deirdre has joined our management team,” said Nicki Taylor, President and CEO. “Her strong engineering background combined with her experience in the Delaware business community will greatly assist us in assuring reliable water and wastewater services throughout the Delmarva region.” Deirdre currently serves as President of the Committee of 100, a non-partisan, non-profit association of Delaware business leaders that works to promote responsible economic development and address issues that affect Delaware's economic health, and formerly served as the Chair of the Committee’s Energy and Environment Committee. Deirdre also serves on the Board of Family Promise of Northern New Castle County, a non-profit working to prevent and end homelessness for families by engaging volunteers and donors throughout our local community. About Artesian ResourcesArtesian Resources Corporation operates as a holding company of wholly owned subsidiaries offering water and wastewater services, and other related core services, on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula, providing water service since 1905. Artesian supplies 9.5 billion gallons of water per year through 1,491 miles of water main to over a third of Delaware residents. Contact:Virginia EisenbreyCommunications(302) 453-6900veisenbrey@artesianwater.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4a81b7bd-acc8-4b8c-a7a0-43e7fbd1e642

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