American Water (NYSE: AWK), the nation’s largest publicly traded water and wastewater utility company, today named Deborah A. Degillio the new president of its market-based business, American Water Enterprises. Degillio will replace Sharon Cameron, who is retiring effective May 30, 2016.
“This is bittersweet news for American Water, as Sharon leaves a wonderful history and legacy to both American Water Enterprises and American Water,” said Susan Story, president and CEO of American Water. “She began her career as president of Homeowner Services and under her leadership, that business has grown to more than 1.6 million contracts. Additionally, she helped grow our Military Services Group to 12 bases served and our Contract Services Group now provides water and wastewater services under 53 contracts across the nation.”
Degillio currently serves as the vice president and treasurer for American Water and has 20 years of broad experience in the utility and energy sectors. In her new role, she will lead American Water’s Contract Services Group, Military Services Group and Homeowner Services.
“Deb’s leadership and expertise will add great value to our executive team, as well as to our American Water Enterprises team,” added Story. “She has a proven track record in financial planning, budgeting and achieving business goals, and has been a key leader in our company’s overall performance and financial success.”
As treasurer, Degillio’s responsibilities include leading all financing functions for the company, enterprise risk management, insurance, cash management, and acquisition financial planning and modeling, and she is the credit rating agencies' liaison.
Degillio, who joined American Water in 2007, previously led teams focused on financial forecasting and analysis, business planning and process improvement, and served on American Water Enterprises’ senior management team as the vice president of Finance. She has also supported the regulated states of American Water in her past roles as director of Financial Planning and Analysis and vice president of Finance for the former Eastern Division. Prior to joining American Water, she held multiple roles that included serving the utilities industry through mergers and acquisitions, marketing plans and projects focused on process change.
Degillio has a Master of Business Administration from the Stephen M. Ross School of Business at the University of Michigan, and a bachelor’s degree in math/statistics and finance from the University of Wisconsin-LaCrosse.
Jennifer Gambol, currently the vice president of Finance at American Water Enterprises, will replace Degillio as American Water’s vice president and treasurer. Gambol, who joined American Water in 2015, has been responsible for business strategy, long-term planning and driving financial performance. She has a broad background in a variety of finance disciplines including financial planning and analysis, accounting, investor relations, tax, Sarbanes-Oxley compliance and Securities and Exchange Commission reporting.
Gambol earned a bachelor’s degree in accounting from St. Joseph’s University in Philadelphia and is a certified public accountant in Pennsylvania.
Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. Marking its 130th anniversary this year, the company employs more than 6,700 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada. More information can be found at www.amwater.com.