American Water Works Company, Inc.
Severance Agreement Approved for Chief Human Resources Officer
Summary
On February 28, 2025, American Water Works Company, Inc. announced that its Board of Directors' Executive Development and Compensation Committee approved a Severance Agreement for Melanie M. Kennedy, the Executive Vice President and Chief Human Resources Officer. The agreement provides Ms. Kennedy with severance benefits including a cash payment equivalent to 12 months of her annual base salary, a supplemental cash payment of $300,000, and extended COBRA healthcare coverage. The agreement is subject to mandatory review and rescission periods under applicable law.
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About American Water Works Company, Inc.
American Water Works Company, Inc. is a prominent utility company that provides water and wastewater services across the United States. It primarily focuses on the operation and maintenance of water and wastewater utilities, ensuring the delivery of reliable clean water and proper treatment of wastewater for residential, commercial, and industrial customers. With a strong commitment to sustainability and community support, American Water Works is engaged in essential environmental stewardship practices to preserve natural resources. Serving millions of people, the company operates through subsidiaries in several states, playing a critical role in the water infrastructure sector. Its services ensure compliance with federal and state regulations, which safeguards public health and the environment. In the financial market, American Water Works is recognized for its stable operations and contributions to the utility sector, offering investors exposure to a critical and typically regulated industry that remains vital regardless of economic cycles.
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