California Water Service Group Company Profile and Information

California Water Service Group is a publicly traded company that provides water, wastewater, and recycled water services to over 500,000 customers in California.

The company was founded in 1926 and has since grown to become one of the largest investor-owned water utilities in the United States.

California Water Service Group is headquartered in San Jose, California, and has a diverse portfolio of water utilities that serve both urban and rural communities.

The company's mission is to provide safe, reliable, and affordable water services to its customers, while also protecting the environment and promoting sustainable water practices.

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The California Water Service Group has a strong leadership team in place, with several key executives driving the company's success.

Martin Kropelnicki serves as the CEO, a position he has held since 2013.

James Lynch is the Director of Finance/CFO, a role he took on in 2024.

Michael Mares is the Chief Operating Officer, a position he has held since 2020.

Justin Skarb is the General Counsel, a role he took on in 2022.

Shawn Bunting is also the General Counsel, a position he has held since 2023.

Here's a breakdown of the Executive Committee:

The Board of Directors also plays a crucial role in the company's leadership, with several directors bringing their expertise to the table.

Martin Kropelnicki is the Chairman of the Board, a position he took on in 2023.

The Board of Directors is comprised of 9 members, each with a unique background and set of skills.

Here's a list of the Board of Directors:

1. Thomas Krummel

2. Lester Snow

3. Martin Kropelnicki

4. Gregory Aliff

5. Carol Pottenger

6. Shelly Esque

7. Scott Morris

8. Patricia Wagner

9. Yvonne Maldonado

10. Charles Patton

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California Water Service Group operates in a highly competitive industry, with a total of 2,600 water utilities in the United States.

The company's market share in California is significant, with 4.5% of the state's total water sales in 2020.

California Water Service Group's customer base is diverse, with 487,000 service connections across its service area.

The company's revenue growth has been steady, with a 3% increase in 2020 compared to the previous year.

California Water Service Group's net income has also been increasing, with a 5% rise in 2020 compared to 2019.

The company's financial stability is reflected in its current ratio, which stood at 1.44 in 2020.

California Water Service Group's return on equity (ROE) has been consistently high, averaging 12.3% over the past five years.

The company's operating expenses have been relatively stable, with a slight increase of 2% in 2020 compared to the previous year.

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California Water Service Group has a rich history that spans nearly a century. The company was formed in 1926 through the acquisition of five separate water systems.

The company's early years were marked by significant growth and expansion. California Water Service Company was formed in 1926, and it started with the acquisition of five separate water systems in 1926, including Chico Water Supply Company on October 14, 1926.

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In the following years, the company continued to grow and expand its operations. Peter C. Nelson was appointed chief executive officer of the company in 1996.

Here are some key dates in the company's history:

These acquisitions and expansions helped shape the company into what it is today, a leading provider of water and other essential services.