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JOHNSTONE SUCCEEDS LAFRANKIE AS PRESIDENT OF AMERICAN WATER

 JOHNSTONE SUCCEEDS LAFRANKIE AS PRESIDENT OF AMERICAN WATER
 VOORHEES, N.J., Jan. 2 /PRNewswire/ -- James V. LaFrankie, president of American Water Works Company since 1983, resigned the post today and was succeeded by George W. Johnstone, a vice president who was designated last spring to succeed LaFrankie.
 American's board of directors today accepted LaFrankie's resignation and elected Johnstone president. LaFrankie, who will be 65 in March, indicated he would stay on until May as a director of the company and chairman of the board of American Water Works Service Company, a management services subsidiary.
 "This change is part of an orderly succession plan that began last spring," Marilyn W. Lewis, chairman of American's board of directors, said today. "Jim LaFrankie will leave an indelible mark on the company, which has experienced tremendous growth under his leadership. We will also miss the keen personal interest he has taken in the professional development of hundreds of employees. His stepping aside this month provides Johnstone with the opportunity to take over at the beginning of the fiscal year."
 LaFrankie joined an American System subsidiary in western Pennsylvania in 1948 as a clerk and moved up through supervisory and management positions in Virginia and Pennsylvania before joining the corporate staff as a vice president of the management services subsidiary in 1973. He was elected a vice president of the parent company in 1975 and president in 1983.
 Johnstone, who is 53 years old, joined the American System in 1966 as an engineer. He was named manager of system engineering in 1977, became vice president of the service company in 1980, senior vice president in 1983 and a vice president of the parent in 1987. He has been president of American Water Works Service Company since last March.
 He and his wife, Ann, live in Moorestown, N.J. They have two sons.
 American is the nation's largest investor-owned water supplier with 21 utility companies serving 1.5 million customers in 20 states. Another subsidiary, American Commonwealth Management Services Company, provides management services to non-affiliated water and sewer systems in three states.
 -0- 1/2/92
 /CONTACT: T. Ward Welsh of American Water Works Company, 609-346-8291/
 (AWK) CO: American Water Works Company, Inc. ST: New Jersey IN: UTI SU: PER


SM-OS -- NY047 -- 6186 01/02/92 13:22 EST
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Publication:PR Newswire
Date:Jan 2, 1992
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