Days after he was reinstated at the head of the company following a leave of absence, American Water announced President and Chief Executive Officer Walter Lynch retired, effective Feb. 2.
That day, the company’s board of directors appointed Susan Hardwick, who served as interim CEO during Lynch’s leave, as president and CEO.
“I have decided to retire from American Water. This is the best decision for my family and me,” said Lynch in a statement. “I am fortunate to have my health and such a wonderful family with whom I look forward to spending more time. As I move on, I will be wishing the company every success in the years ahead.”
Lynch returned to his post on Jan. 31 following a leave of absence that began in December 2021.
Hardwick is currently chief financial officer for the the Camden-based water and wastewater utility company. American Water said she will continue as CFO until a replacement is named, and that a national search to that end is currently underway.
“I want to say a special thanks to Walter for his time at American Water and wish him all the best,” stated Hardwick. “I also look forward to continuing to lead the incredible employees of American Water. We’re a top leader in the utility sector and we will continue to deliver exceptional value to all of our stakeholders.”
Hardwick has served as CFO since July 1, 2019. She joined the company one month earlier. In 2020, she was elected to the board of directors of New Jersey Resources. Before American Water, she was executive vice president and CFO of Indiana-based Vectren Corp.