Richard H. Forde Appointed to CTWS Board of Directors
CLINTON, Conn., Oct. 7, 2013 (GLOBE NEWSWIRE) -- Connecticut Water Service,
Inc. (Nasdaq:CTWS) announced that its Board of Directors has appointed Richard
H. Forde, retired Senior Vice President and Chief Investment Officer of Cigna
Corporation, to its Board of Directors effective October 4, 2013. The
appointment increases the number of CTWS directors from eight to nine.
With his addition to the board, Mr. Forde will become a member of the Board's
Compensation, Corporate Finance and Investment, and Corporate Governance
Mr. Forde brings a wealth of financial and managerial experience to the CTWS
Board. Prior to his retirement in 2012, his career at Cigna spanned 35 years
with the last 8 years as Senior Vice President and Chief Investment Officer.
He was responsible for the performance of more than $23 billion in corporate
portfolio and defined pension plan assets and oversaw Cigna Corporation's
Eric W. Thornburg, CTWS Chairman, stated, "Richard's experience with financial
markets, defined benefit plan portfolios and 401(k) plans will augment our
Board's knowledge as we continue our strategy of growing our business through
prudent acquisitions, infrastructure investment and providing world-class
service to our customers."
Mr. Forde received a B.A. in Economics at Bates College, before receiving an
MBA in Finance, Accounting & Management Policy from Northwestern University.
He currently serves on the Board of Trustees of Bates College.
CTWS is the largest publicly traded water company based in New England.
Through its wholly-owned public water utility subsidiaries, The Connecticut
Water Company, The Maine Water Company, and the Biddeford & Saco Water
Company, the Company provides drinking water to 122,000 customers, or about
400,000 people, throughout the states of Connecticut and Maine.
This news release may contain certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 regarding the
Company's results of operation, financial position and long-term strategy.
These forward-looking statements are based on current information and
expectations, and are subject to risks and uncertainties discussed in our
filings with the Securities and Exchange Commission, which could cause the
Company's actual results to differ materially from expected results. We
undertake no obligation to update or revise forward-looking statements,
whether as a result of new information, future events, or otherwise.
CONTACT: News media contact:
Daniel J Meaney, APR,
Director of Corporate Communications
Connecticut Water Service, Inc.
93 West Main Street, Clinton, CT 06413-1600
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