American Water Works Co. announced that executive vice president and chief financial officer Linda Sullivan plans to retire on August 1. Susan Hardwick will join the company on June 3 and will succeed Sullivan as CFO on July 1, ensuring an orderly transition of the position.
“This is especially bittersweet for me, as Linda and I have been a team since we both began our CFO and CEO jobs on May 8, 2014,” said Susan Story, president and chief executive officer of American Water.
“Linda cares deeply about our employees, our customers, our communities and our shareholders. She has been a CFO I depend on every day to deliver on our fundamentals and to look beyond the horizon to what’s next. She will truly be missed and I thank her for everything she has done for American Water, including helping recruit her successor as well as staying on to ensure a smooth transition,” Story continued.
Sullivan joined American Water in 2014 as its chief financial officer. In that role she was responsible for all aspects of financial management and strategy, including directing finance strategy, investor relations, treasury, financial planning, accounting, internal audit, risk management, and control functions.
As leader of operational services, she also has overseen supply chain, information technology, environmental stewardship, and cyber and physical security.
Sullivan serves on the Board of NorthWestern Energy and is Chair of the Audit Committee; University of Maryland University College Ventures; and the Environmental Protection Agency’s Finance Advisory Board. She is a National Association of Corporate Directors governance fellow and was recognized as a Philadelphia Business Journal CFO of the Year honoree in 2018.
Sullivan plans to enjoy her retirement with her husband, two children and their spouses, two grandsons and soon-to-be granddaughter. She also intends to continue board work.
With Sullivan’s pending retirement, American Water named Susan Hardwick its new executive vice president and chief financial officer. She will join the company on June 3 and become CFO on July 1.