PHOENIX, Feb. 07, 2023 (GLOBE NEWSWIRE) — Global Water Resources, Inc. (NASDAQ: GWRS) (TSX: GWR), a pure water resource management company, is proud to announce that Chris Krygier, a recognized leader in the utilities industry was appointed. to the new position of Chief Operating Officer. He previously served as the company’s Chief Strategy Officer since June 2020.
Chris Krygier, COO of Global Water Resources
As COO, Krygier will be responsible for managing Global Water’s expanding water and wastewater operations in Arizona, including continuing to oversee Global Water’s business development and regulatory affairs.
Krygier will also continue to lead the company’s acquisition and growth initiatives, building on Global Water’s record of successful acquisitions of 12 utilities acquired in Maricopa, Pinal and Pima counties since 2017.
Over the past three years, he has helped the company acquire seven utilities in Pima County and one utility in Pinal County. The company announced earlier this month that it had completed the acquisition of Farmers Water, which added 3,300 active water service connections in Pima County.
The company’s president and CEO, Ron Fleming, said: “We continue to be at the forefront of the water management industry.As we continue to improve and grow our core asset base in Arizona and potentially expand throughout the Southwest United States, we look forward to his future in his new role.” I look forward to your contribution.”
Krygier brings to this position more than 15 years of experience in operational management, regulatory strategy, and capital deployment for large-scale projects and transactions, plus multi-state experience and industry knowledge. He has extensive regulatory experience representing utilities in more than 10 states, including power, natural gas, water and wastewater companies. He has also represented utilities on the Arizona Corporation Commission.
Krygier commented: “This includes opportunities at our Arizona Inland Port megasite, which is working to provide water, wastewater and recycled water services to a number of new manufacturing facilities. We will continue to push forward and further our mission to provide safe, high-quality water services to the communities we are privileged to serve.”
Prior to joining Global Water, Krygier served as Operations Director for the Water and Wastewater Utilities division of an investor-owned, publicly traded, multinational renewable energy and regulated utilities conglomerate. He oversaw his 75,000 active water and wastewater connections in Arizona and Texas. He also served as Director of Rates, Regulatory and Government Affairs, and held other positions in a division serving hundreds of thousands of customer connections throughout the Midwestern United States. He played a key role in the acquisition and integration of multi-billion dollar deals related to wind power generation and distribution.
Early in his career, Krygier held several positions of increasing responsibility at American Water, the largest water and wastewater investor-owned utility in the United States. He has also served on numerous public utility and volunteer boards and committees, including the Southern Gas Utilities Association and the Water Utilities Association of Arizona.
He holds a BA in Economics and an MBA in Finance from Arizona State University’s WP Carey School of Business. Previously, he served on the Board of Directors of ASU’s Hispanic Business Alumni Association. He is also a Chartered Management Accountant designated by the Institute of Management Accountants and a CFA credential holder.
About the world’s water resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 29 systems that provide clean water, wastewater and recycled water services. The company’s service areas are primarily located in growth corridors around metropolitan Phoenix. Global Water recycles over 1 billion gallons of water annually.
The company is recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle that involves owning and operating water, wastewater, and reclaimed water utilities within the same geographical area to maximize beneficial uses of reclaimed water. . This enables smart water management programs such as telemetering infrastructure and other advanced technologies, pricing schemes and incentives that lead to true conservation. TWM helps protect water supplies in water-stressed areas with growing populations.
Global Water has received numerous industry awards, including national recognition as “Today’s Future Utility” by the National Consortium of Water and Conservation Organizations led by the Water Environment Federation (WEF). The company also received Cityworks’ 2022 Departmental Excellence Award for demonstrating leadership and creativity in applying public asset management strategies to day-to-day operations and long-term planning.
For more information, please visit www.gwresources.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements that reflect our expectations regarding future events. Forward-looking statements involve a number of assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our strategy. expectations regarding future business plans, future performance, growth and opportunities; future financial performance; technology; capital investment plans and expectations; and other statements that are not historical facts and expressions such as “expect,” “expect,” “intend,” “plan,” “believe,” “seek,” “estimate,” or the negative of any of these A descriptive term identified by a word or other word of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to a number of risks, uncertainties and assumptions. Most of them are difficult to predict and many of them are beyond our control. Actual results may vary due to changes in political, economic, business, market, regulatory and other factors, including the duration and severity of the COVID-19 pandemic and actions taken to contain the virus or treat its effects. Expectations may differ significantly. As vaccine efficacy (especially with respect to emerging strains of viruses). Factors that may affect future results are described in our filings with the U.S. Securities and Exchange Commission (“SEC”) under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” is disclosed under SEC website www.sec.gov. This includes annual reports on Form 10-K for the year ended December 31, 2021, quarterly reports on Form 10-Q for the quarter ended September 30, 2022, and subsequent filings with the SEC. including, but not limited to, the submission of Additional risks and uncertainties include whether all conditions preceding the definitive agreement to acquire Farmers Water Company will be met (including receipt of ACC approval) and other risks to the closing of the acquisition. Risks include, but are not limited to: the risk that the transaction will not be completed without undue delay, expense or expense, or not at all, leading to eventual termination of the contract; Accordingly, investors are cautioned not to place undue reliance on forward-looking statements that reflect management’s views as of the date hereof. Except as required by law, we undertake no obligation to publicly update any forward-looking statements as a result of new information, future developments or otherwise.
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cb18cbe2-9ee5-498c-961f-0db8e0d41972.
