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American Water Finance Chief Named CEO, Sterba to Retire in May

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Dec. 13 (Bloomberg) -- American Water Works Co., the largest publicly traded water company in the U.S., has named finance chief Susan Story to replace Chief Executive Officer Jeff Sterba on his retirement effective May 9.

Sterba has been American Water’s CEO since 2010 while Story was executive vice president of the electric utility Southern Co. before joining the Voorhees, New Jersey-based water and wastewater company.

American Water expects to name Story’s successor before May, the company said in a statement yesterday. Its shares have risen 9.8 percent this year compared with a 6.8 percent gain by the 20-member Bloomberg World Water Index.

Link to statement: {NSN MXPWIMBE5TS1 <GO>} Link to Company News:{AWK US <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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