SAN JOSE, CA -- (Marketwire) -- 06/01/09 -- Martin A. Kropelnicki, Vice President, Chief
Financial Officer, and Treasurer of California Water Service Group (NYSE: CWT), was named Bay Area CFO of the Year for public companies with up to
$500 million in revenue at a dinner benefiting Larkin Street Youth Services
on May 28.
The awards program is an annual event that honors Bay Area Chief Financial
Officers. The other two finalists in the category were Thomas P. Cawley of
Peet's Coffee & Tea, Inc. and Randy S. Gottfried, from Riverbed Technology,
Inc. More than 100 candidates were considered in the recognition program,
and evaluation criteria included individual candidate attributes and
company performance, according to San Francisco Business Times Publisher
Mary Huss.
Among Kropelnicki's achievements are his leadership on California Water
Service Group's success in promoting water efficiency and conservation
while improving its financial health and recent bond offering rated AA- by
S&P. In accepting the award, Kropelnicki attributed his success to his
team.
"It has been a real pleasure to work with this group of people, and I
couldn't have accomplished what I have without them. It's very exciting to
be able to bring a new perspective to a company with such a long and rich
history," he said.
California Water Service Group is the parent company of California Water
Service Company, Washington Water Service Company, New Mexico Water Service
Company, Hawaii Water Service Company, Inc., and CWS Utility Services.
Together these companies provide regulated and non-regulated water service
to nearly 2 million people in 100 California, Washington, New Mexico, and
Hawaii communities. Group's common stock trades on the New York Stock
Exchange under the symbol "CWT."
Contact:
Shannon Dean
(310) 257-1435