Consolidated Water Announces the Appointment of Three New Independent Directors

Rhea-AI Summary

Consolidated Water (NASDAQ: CWCO) appointed three new independent directors effective October 1, 2025: Kim Adamson, Maria Elena Giner, and Gerónimo Gutiérrez Fernández.

Ms. Adamson brings almost 30 years in the water industry with public-utility and private-sector leadership and governance training. Dr. Giner has over 35 years managing water infrastructure and administered an IBWC capital program of $1 billion. Mr. Gutiérrez Fernández is a Managing Partner at BEEL Infrastructure, formerly Mexico’s ambassador to the U.S. and Managing Director of the North American Development Bank with experience in U.S. and European bond offerings.

The board expects the appointments to strengthen corporate governance, sector expertise, and support execution of company strategy.

Positive

• Appointed three independent directors effective Oct 1, 2025
• Ms. Adamson: ~30 years water-industry leadership
• Dr. Giner administered an IBWC capital program of $1 billion
• Mr. Gutiérrez Fernández led North American Development Bank bond offerings
• Adds senior infrastructure, financing, and regulatory expertise to board

Negative

• None.

GEORGE TOWN, Cayman Islands, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, today announced the appointment of three new independent directors, Kim Adamson, Maria Elena Giner, and Gerónimo Gutiérrez Fernández, effective October 1, 2025.

Ms. Adamson is a strategic infrastructure executive with almost 30 years of experience in the water industry. She spent 10 years of her career as the General Manager of public water utilities, has held various water-related board positions, and completed corporate governance training at the Columbia Business School. Her private sector work experience includes leadership positions with various notable companies in the water industry, including Brown and Caldwell, Kiewit Infrastructure Group, and Algonquin Power and Utilities Corporation. Ms. Adamson holds a Master of Public Administration degree and a Bachelor of Science degree in Mechanical Engineering.

Dr. Giner has more than 35 years of executive leadership in water infrastructure, capital planning and asset management, environmental policy and regulatory strategy. She is a former Commissioner (U.S. Section) of the International Boundary and Water Commission (IBWC). As Commissioner she was responsible for the application of numerous boundary and water treaties/agreements and for the maintenance and operation of water infrastructure that included four diversion dams, two flood control and water storage dams, two hydroelectric power plants and two wastewater treatment plants. She also administered a capital program of over $1 billion for the IBWC. Dr. Giner holds a Ph.D. in Public Policy, a Master of Business Administration degree, a Bachelor of Science degree in Civil Engineering, and is a registered Professional Engineer in the State of Texas.

Mr. Gutiérrez Fernández is Managing Partner of BEEL Infrastructure, a financial advisory and asset management firm based in Mexico City. After a 20-year career in senior government positions, his professional work now focuses on infrastructure development and financing and providing strategic advice to global firms with operations throughout the Americas. Mr. Gutiérrez Fernández served as Mexico’s ambassador to the United States in 2017 and 2018, during which time he was extensively involved in the negotiations for the United States of America, Mexico and Canada agreement (USMCA). Mr. Gutiérrez Fernández was the Managing Director of the North American Development Bank headquartered in San Antonio, Texas from 2010 to 2016, during which time the bank completed numerous successful bond offerings in the U.S. and European markets. Mr. Gutiérrez Fernández holds a Master’s degree in Public Administration from Harvard’s John F. Kennedy School of Government and a Bachelor of Arts degree in Economics.

“As part of our on-going initiatives to strengthen our corporate governance and overall expertise related to our business, we are pleased and excited to add Kim, Maria Elena, and Gerónimo to our Board,” commented Board Chairman Wil Pergande.   “We interviewed numerous candidates during our thorough search process, and each of these individuals distinguished themselves with their education and qualifications, depth of experience in the water industry, and career achievements. We are confident their addition will enhance our Board’s capabilities, assist with the execution of our strategies, and increase shareholder value.”

About Consolidated Water Co. Ltd.

Consolidated Water Co. Ltd. develops and operates advanced water supply and treatment plants and water distribution systems. The company designs, constructs and operates seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and designs, constructs and operates water treatment and reuse facilities in the United States. The company has in progress a $204 million design-build-operate project for a seawater desalination plant in Hawaii.

The company also manufactures and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment.

For more information, visit cwco.com.

Company Contact:
David W. Sasnett
Executive Vice President and CFO
Tel (954) 509-8200
Email Contact

Investor Relations Contact:
Ron Both or Grant Stude
Encore Investor Relations
Tel (949) 432-7557
Email Contact

FAQ

Who did Consolidated Water (CWCO) appoint to its board on October 1, 2025?

Consolidated Water appointed Kim Adamson, Maria Elena Giner, and Gerónimo Gutiérrez Fernández as independent directors effective October 1, 2025.

What experience does Kim Adamson bring to CWCO's board?

Kim Adamson has almost 30 years in the water industry, public utility general manager experience, and corporate governance training at Columbia Business School.

How is Maria Elena Giner's background relevant to CWCO shareholders?

Dr. Giner has >35 years in water infrastructure and managed an IBWC capital program totaling $1 billion, bringing regulatory and capital-planning expertise.

What financial and international experience does Gerónimo Gutiérrez Fernández offer CWCO?

He is Managing Partner at BEEL Infrastructure, served as Mexico’s ambassador to the U.S., and led the North American Development Bank during multiple U.S. and European bond offerings.

When do the new CWCO directors take their roles and what is the intended impact?

The directors became effective October 1, 2025, and the board says their expertise should strengthen governance and support strategy execution.

Will the new CWCO board appointments likely affect shareholder value in the near term?

The company expects the appointments to enhance board capabilities and assist with strategy execution; no quantified near-term financial impact was provided.