Chip Rossi Appointed to Artesian Resources Board of Directors

Rhea-AI Summary

Artesian Resources Corporation (Nasdaq: ARTNA), a leading water and wastewater services provider in the Delmarva region, has appointed Salvatore J. "Chip" Rossi to its Board of Directors. Rossi, who recently retired from Bank of America where he served as president of Bank of America Delaware and head of Prepaid Card Unemployment Programs, brings extensive experience in financial management and risk oversight.

During his tenure at Bank of America since 1989, Rossi held key positions including Global Compliance and Operational Risk Operations executive and Consumer and Global Wealth & Investment Management Chief Risk Officer. He will serve as a financial expert on Artesian's Audit Committee. Rossi currently serves on several prestigious boards including Delaware State University, ChristianaCare, The Grand Opera House, and REACH Riverside.

[ "Addition of experienced financial and risk management expert to the Board", "New independent board member brings extensive banking and compliance expertise", "Appointment strengthens local Delaware market knowledge and community connections" ]

NEWARK, Del., July 01, 2025 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services in the Delmarva region, which includes operations in Delaware, Maryland and Pennsylvania, is pleased to announce the appointment of Salvatore J. “Chip” Rossi to its Board of Directors. Mr. Rossi is an experienced financial expert with extensive knowledge in risk management.

Mr. Rossi recently retired from Bank of America, one of the world’s leading financial services companies, where he was president of Bank of America Delaware and the head of Bank of America’s Prepaid Card Unemployment Programs. He joined Bank of America in 1989 and prior to his most recent role, held the position of Global Compliance and Operational Risk Operations executive at the Bank. Previously he was the Bank’s Consumer and Global Wealth & Investment Management Chief Risk Officer. Mr. Rossi played a key role in linking clients, colleagues, and communities to the full capabilities of Bank of America’s franchise, fostering integration across eight lines of business. He also spearheaded initiatives to deploy resources in support of economic mobility and the development of strong, resilient communities.

“Chip’s background in financial management and risk oversight well positions him as a new independent member of our Board of Directors and financial expert on the Audit Committee,” said Nicki Taylor, Chair, President and CEO of Artesian. “Additionally, his understanding of the Delaware community will provide valuable insights as Artesian continues to grow its water and wastewater services throughout the state.”

Mr. Rossi serves on the boards of Delaware State University, ChristianaCare, The Grand Opera House and REACH Riverside. He is also a member of the Delaware State Chamber Board of Governors and the Delaware Business Roundtable.

“I am so pleased to be joining the Artesian team, as for 120 years they have provided high quality water services to Delawareans.  I look forward to working with the Board and the Artesian management team as they continue to grow and provide important water and wastewater services throughout our state,” said Chip Rossi.

About Artesian Resources
Artesian Resources Corporation operates as a holding company of wholly owned subsidiaries offering water and wastewater services, and other related core services, on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula, providing water service since 1905. Artesian supplies 9.5 billion gallons of water per year through 1,491 miles of water main to over a third of Delaware residents.

Contact:
Virginia Eisenbrey
Communications
(302) 453-6900
veisenbrey@artesianwater.com

FAQ

Who is the new Board member appointed to Artesian Resources (ARTNA)?

Salvatore J. 'Chip' Rossi, former president of Bank of America Delaware and head of Bank of America's Prepaid Card Unemployment Programs, has been appointed to Artesian's Board of Directors.

What experience does Chip Rossi bring to Artesian Resources' (ARTNA) Board?

Rossi brings extensive experience in financial management and risk oversight, having served as Global Compliance and Operational Risk Operations executive and Consumer and Global Wealth & Investment Management Chief Risk Officer at Bank of America.

What role will Chip Rossi have on Artesian Resources' (ARTNA) Board?

Rossi will serve as an independent member of the Board of Directors and as a financial expert on the Audit Committee.

What other board positions does Chip Rossi currently hold?

Rossi serves on the boards of Delaware State University, ChristianaCare, The Grand Opera House, and REACH Riverside. He is also a member of the Delaware State Chamber Board of Governors and Delaware Business Roundtable.