Printer Friendly

NICHOLAS DEBENEDICTIS ELECTED PRESIDENT AND CEO OF PHILADELPHIA SUBURBAN

 NICHOLAS DEBENEDICTIS ELECTED PRESIDENT AND CEO
 OF PHILADELPHIA SUBURBAN
 BRYN MAWR, Pa., May 21 /PRNewswire/ -- Nicholas DeBenedictis, who since 1989 has been senior vice president of Corporate and Public Affairs at Philadelphia Electric Company, today was elected president and chief executive officer of Philadelphia Suburban Corporation (NYSE: PSC), one of the nation's largest investor-owned water utilities.
 DeBenedictis, 46, was elected by the board of directors to succeed John W. Boyer Jr., 63, who has served as chief executive officer and chairman for 16 years. Boyer will remain as chairman until his scheduled retirement in August 1993. DeBenedictis' appointment becomes effective by July 1, 1992.
 At Philadelphia Electric, DeBenedictis has been widely credited with playing a key role in the company's successful financial recovery, and enhancing the utility's public image. He directed the company's extensive environmental, economic development, public and governmental affairs, and corporate communications programs.
 The board also named DeBenedictis chairman and CEO of Philadelphia Suburban Water Company, PSC's principal subsidiary, which serves 236,000 customers in the Philadelphia suburbs. DeBenedictis served as a member of the water company's board of directors from 1987 to 1991.
 Boyer praised the selection of DeBenedictis, stating, "After conducting a national search, we selected a proven utility professional who has all the skills necessary to manage the future growth of one of America's leading water companies. His years of experience in working with government officials at all levels, the corporate community, and his hands-on role in environmental issues, ideally qualify him for this position."
 Commenting on his appointment, DeBenedictis said, "I am honored to be joining one of America's most successful and respected water utilities, whose success is a credit to the leadership of John Boyer, chairman, and Bob Luksa, president and chief operating officer, and their management team. Our strategy will be to capitalize on our core business and the inherent strengths of Philadelphia Suburban, which include its strategic position in an expanding region, its technical prowess, and its dedication to superior customer service."
 DeBenedictis' environmental background includes senior technical and managerial positions over 10 years with the U.S. Environmental Protection Agency, and he served as Pennsylvania's top environmental official, secretary of Environmental Resources, from 1983 to 1986.
 As president of the Greater Philadelphia Chamber of Commerce for three years beginning in 1986, he managed its growth into one of the largest chambers of commerce in the nation.
 DeBenedictis, a native of Delaware County, Pa., received an undergraduate degree in commerce and engineering and a master's in environmental sciences from Drexel University. He resides in Philadelphia, is married, and has two children.
 Philadelphia Suburban Corporation operates Philadelphia Suburban Water Company, one of the nation's largest investor-owned water utilities.
 /delval/
 -0- 5/21/92
 /CONTACT: Patricia M. Mycek of Philadelphia Suburban, 215-645-1013/
 (PSC) CO: Philadelphia Suburban Corporation ST: Pennsylvania IN: UTI SU: PER


CC-MK -- PH024 -- 2811 05/21/92 12:05 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 21, 1992
Words:479
Previous Article:DOLCO PACKAGING CORP. ANNOUNCES FIRST QUARTER RESULTS
Next Article:XOMA REPORTS 1992 FIRST QUARTER FINANCIAL RESULTS
Topics:


Related Articles
PHILADELPHIA SUBURBAN CORPORATION REDUCES DEBT
PHILADELPHIA SUBURBAN COMPLETES SALE OF ATR: AMERICAN TELE/RESPONSE SUBSIDIARY
PHILADELPHIA SUBURBAN CORPORATION RAISES DIVIDEND
PHILADELPHIA SUBURBAN CORPORATION ANNOUNCES FIRST QUARTER EARNINGS
RESERVOIRS AT PHILADELPHIA SUBURBAN WATER STILL IN 'GOOD SHAPE' DESPITE HEAT WAVE, DRY MAY AND JUNE
NET INCOME UP 37 PERCENT AT PHILADELPHIA SUBURBAN CORPORATION
WATER COMPANY CHAIRMAN APPOINTED TO PORT AUTHORITY BOARD
PHILADELPHIA SUBURBAN CORPORATION ANNOUNCES LIMITED STOCK OFFERING TO CUSTOMERS
PHILADELPHIA SUBURBAN CORPORATION ANNOUNCES AGREEMENTS TO PURCHASE TWO PRIVATE LOCAL WATER UTILITIES AT ANNUAL MEETING
PHILADELPHIA SUBURBAN RESERVOIRS FILLED TO CAPACITY; WATER UTILITY IN 'GOOD SHAPE' FOR SUMMER MONTHS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters