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California Water Service Group Promotes Todd K. Peters and Thomas A.

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SAN JOSE, Calif., Jan. 07, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) annou...

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Corporate Developments

Leadership stability and expertise are crucial for CWT, impacting investor confidence in a regulated industry.

FAQ

Why Bullish?

Promotions in leadership often signal stability and growth potential for the company. Historical examples show strong stock performance following leadership changes in utility companies.

How important is it?

Leadership stability and expertise are crucial for CWT, impacting investor confidence in a regulated industry.

Why No Impact?

Although important, leadership promotions typically don't lead to immediate price shifts. Long-term effects could enhance operational efficiency but aren’t immediate.

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California Water Service Group Announces Leadership Promotions

San Jose, Calif., January 07, 2026 — California Water Service Group (NYSE: CWT) has announced the promotion of Todd K. Peters to Vice President, Engineering, and Thomas A. Scanlon to Vice President, Corporate Controller and Chief Accounting Officer, effective January 1, 2026. These promotions reflect the significant contributions both individuals have made to the company’s success.

Todd K. Peters: New Vice President, Engineering

Todd K. Peters has been with California Water Service Group since 1993, and he has held various positions within the company, most recently serving as the Chief Engineering Officer. Peters brings a wealth of experience to his new role, supported by a Bachelor of Science Degree in Civil Engineering from San Jose State University. He is also a licensed Professional Engineer in multiple states including California, Hawaii, New Mexico, Texas, and Washington.

Thomas A. Scanlon: New Vice President, Corporate Controller and Chief Accounting Officer

Thomas A. Scanlon joined the California Water Service Group in 2010 and was previously the Corporate Controller and Chief Accounting Officer. He holds a Bachelor of Science Degree in Finance from Marquette University and an MBA from the University of Illinois. Additionally, Scanlon is a Certified Public Accountant, bringing essential financial expertise to the leadership team.

Leadership Insights

Chairman & CEO Martin A. Kropelnicki commented on the promotions, stating, “Both of these promotions are well-deserved. Todd and Tom bring unique experience and expertise to our leadership team, and I congratulate them on their achievements to date.” This acknowledgment underscores the critical role they play in advancing the company’s mission.

About California Water Service Group

California Water Service Group is the parent company of regulated utilities such as California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and the utility holding company Texas Water Service. Together, these entities provide both regulated and non-regulated water and wastewater services to over 2.1 million people across five states: California, Hawaii, New Mexico, Washington, and Texas.

California Water Service Group's common stock trades on the New York Stock Exchange under the symbol CWT. For further information, visit www.calwatergroup.com.

Media Contact

For inquiries, please contact:

Shannon Dean
Phone: (408) 367-8243

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