California Water Service Group Chairman & CEO Marty Kropelnicki Named to Newly Established CalCEO Council
California Water Service Group (NYSE: CWT) announced that Chairman and CEO Martin (Marty) Kropelnicki joined the newly formed CalCEO Council on Feb. 3, 2026.
Rhea-AI Summary
California Water Service Group (NYSE: CWT) announced that Chairman and CEO Martin (Marty) Kropelnicki joined the newly formed CalCEO Council on Feb. 3, 2026. The council, created by the California Foundation for Commerce & Education, convenes 22 California chief executives to advise on economic policy and affordability.
The group aims to bridge private industry and government to propose solutions, best practices, and public policy recommendations intended to strengthen California's economy and improve community affordability.
Details
News Market Reaction – CWT
On Feb 4, the first trading day after this news, CWT closed 1.10% above the previous close.
Data tracked by StockTitan Argus for the Feb 4 session.
Key Figures
- Council members
- 22 leaders
- Size of CalCEO Council advisory group
- Quarterly dividend
- $0.3350 per share
- Dividend declared for payment on February 20, 2026
- Dividend increase
- 8% annual increase
- Raised annual dividend to $1.34 from $1.20
- Consecutive dividends
- 324th quarterly dividend
- Long-running dividend track record as of January 2026
- Company age
- 100 years
- Centennial anniversary in 2026 (founded 1926)
- Population served
- More than 2.1 million people
- Customers across CA, HI, NM, TX, and WA
- Interim rate adjustment
- 3% in most districts
- CPUC-approved interim rate increase effective Jan. 1, 2026
Historical Context
-
Announced 8% annual dividend increase and 324th consecutive quarterly dividend.
-
Celebrated 100th anniversary and highlighted scale across five states.
-
Agreed to acquire remaining interests in Texas utilities and expand service.
-
Promoted two long-tenured executives to vice president roles.
-
CPUC approved 3% interim rate adjustments effective Jan. 1, 2026.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN JOSE, Calif., Feb. 03, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) Chairman and Chief Executive Officer Martin (Marty) Kropelnicki has joined a diverse team of top California CEOs to form the CalCEO Council, an advisory group created to help strengthen the state’s economy.
Established by the California Foundation for Commerce & Education, which is affiliated with the California Chamber of Commerce, CalCEO brings together 22 experienced business leaders from top companies across the state to collaborate and offer solutions, best practices, and public policy proposals designed to address various economic concerns and improve affordability for communities. CalCEO is meant to create a bridge between private industries and the government in advancing these goals.
“Working with other chief executives to help address some of our state’s most important economic issues aligns perfectly with our company’s purpose to enhance the quality of life in the communities we serve,” said Kropelnicki. “I am pleased to have the opportunity to contribute meaningfully and make a difference for Californians with this esteemed group of leaders.”
About California Water Service Group
California Water Service Group is the largest regulated water utility in the western United States. It provides high-quality, reliable water and/or wastewater services to more than 2.1 million people in California, Hawaii, New Mexico, Washington, and Texas through its regulated subsidiaries, California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, and its utility holding company, Texas Water Service. This year, the company commemorates a century of service.
Group’s purpose is to enhance the quality of life for customers, communities, employees, and stockholders. To do so, it invests responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The company’s nearly 1,300 employees live by a set of strong core values and share a commitment to protecting the planet, caring for people, and operating with the utmost integrity. The company has been named one of “America’s Most Responsible Companies” and the “World’s Most Trustworthy Companies” by Newsweek, a USA Top Workplace, and a Great Place to Work®. More information is available at www.calwatergroup.com.
MEDIA CONTACT: Yvonne Kingman, (310) 257-1434
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.