Aqua America Announces Appointment of Two New Directors; Officers of Duke Energy Carolinas and Sordoni Construction Services appointed.BRYN MAWR, Pa. -- Aqua America, Inc. (NYSE NYSE See: New York Stock Exchange :WTR WTR Water WTR Writer WTR Wait To Restore WTR Wireless Technology Research WTR Walker, Texas Ranger (TV show) WTR Western Test Range WTR With-The-Rule Astigmatism WTR Working Time Regulation (UK) ) today announced that at its regularly scheduled Board of Directors meeting that the Board appointed two new directors - Ellen T. Ruff, 57, president of Duke Energy Carolinas, and Andrew J. Sordoni III, 63, former president and chairman of C-TEC Corporation - parent company of Commonwealth Telephone - and an officer of Sordoni Construction Services, Inc. The Board of Directors has determined that both Sordoni and Ruff are independent directors and has appointed Sordoni to the Audit Committee and Ruff to the Executive Compensation Committee of the Board. Sordoni was appointed to the class of directors that stands for re-election at Aqua America's 2007 annual meeting. Ruff was appointed to the class of directors that stands for re-election at Aqua America's 2008 annual meeting. They replace former directors John E. Menario and John F. McCaughan who retired in 2006. As president of Duke Energy Carolinas, Ruff directs one of the nation's leading electric utilities, which serves more than two million customers in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . Ruff has been with Duke Energy since 1978 when she joined the company as an attorney. A native of Hartford, Connecticut, Ruff earned a B.A. in business from Simmons College and a J.D. from the University of North Carolina Chapel Hill. She is a member of the Mecklenburg County Bar Association, the American Bar Association American Bar Association (ABA), voluntary organization of lawyers admitted to the bar of any state. Founded (1878) largely through the efforts of the Connecticut Bar Association, it is devoted to improving the administration of justice, seeking uniformity of law and the North Carolina State Bar. During the 14-year period Sordoni led C-TEC Corporation, the company became one of America's best-known, diversified telecommunications companies with operations in basic telephone, cable television, cellular, paging and long-distance services. Sordoni served as a director of public companies regulated by the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. and FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). and numerous state regulatory commissions, including Pennsylvania Gas and Water Company. Sordoni currently serves as a director of Harsco Corporation. "With Aqua America having grown from a regional to a national company, the Board felt that the company could benefit from the presence of directors from outside the southeastern Pennsylvania region," said Aqua America Chairman Nicholas DeBenedictis. "They add to the geographic diversity of our Board and each of them has significant experience in the utility industry. We are honored that they have agreed to serve." Aqua America is the largest publicly-traded U.S.-based water and wastewater utility serving approximately 2.5 million residents in Pennsylvania, Ohio, Illinois, Texas, New Jersey, Indiana, Virginia, Florida, North Carolina, Maine, Missouri, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , South Carolina and Kentucky. Aqua America is listed on both the New York and Philadelphia Stock Exchanges under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors WTR. The company has been committed to the preservation and improvement of the environment throughout its history, which spans more than 100 years. WTRG |
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