California Water Service Group Promotes Todd K. Peters and Thomas A. Scanlon

California Water Service Group (NYSE: CWT) promoted Todd K. Peters to Vice President, Engineering and Thomas A. Scanlon to Vice President, Corporate Controller and Chief Accounting Officer, effective January 1, 2026.

Rhea-AI Summary

California Water Service Group (NYSE: CWT) promoted Todd K. Peters to Vice President, Engineering and Thomas A. Scanlon to Vice President, Corporate Controller and Chief Accounting Officer, effective January 1, 2026. Peters joined the company in 1993, most recently served as Chief Engineering Officer, holds a B.S. in Civil Engineering from San Jose State University, and is a licensed Professional Engineer in CA, HI, NM, TX, and WA. Scanlon joined in 2010, previously served as Corporate Controller and Chief Accounting Officer, holds a B.S. in Finance from Marquette University, an MBA from the University of Illinois, and is a Certified Public Accountant. Chairman & CEO Martin A. Kropelnicki said the promotions recognize their contributions to the company.

Argus Jan 8 session

+0.97% close to close Open Argus

Details

News Market Reaction – CWT

On Jan 8, the first trading day after this news, CWT closed 0.97% above the previous close.

Data tracked by StockTitan Argus for the Jan 8 session.

Market Context

This announcement centers on leadership continuity, with Todd K. Peters moving to Vice President, En...

Analysis

This announcement centers on leadership continuity, with Todd K. Peters moving to Vice President, Engineering and Thomas A. Scanlon to Vice President, Corporate Controller and Chief Accounting Officer effective January 1, 2026. It follows a series of recent regulatory and ESG milestones that saw generally positive share reactions. Investors monitoring this type of news often focus on operational stability, regulatory outcomes, and future rate or acquisition developments as key metrics to watch.

Key Figures

Promotion effective date: January 1, 2026 Peters tenure start: 1993

Promotion effective date

January 1, 2026

Effective date for Peters and Scanlon promotions

Peters tenure start

1993

Year Todd K. Peters began his career at the company

Historical Context

5 past events · Latest: Dec 29

5 events

1. Dec 29

   Interim rate approval

   24h Move

   +0.0%

   CPUC authorized 3% interim rate adjustments effective Jan. 1, 2026.

2. Dec 22

   Philanthropy grants

   24h Move

   -0.5%

   Granted over $186,000 to nine fire departments via grant program.

3. Dec 11

   Acquisition approval

   24h Move

   +2.1%

   CPUC approved acquisition of Palm Mutual Water Company customers.

4. Dec 04

   ESG recognition

   24h Move

   +1.3%

   Named one of America’s Most Responsible Companies for fifth year.

5. Nov 20

   Rate case filing

   24h Move

   +2.6%

   Hawaii Water Service filed for $2.2M revenue increase for Kapalua systems.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

professional engineer, certified public accountant

2 terms

professional engineer technical

"and is a licensed Professional Engineer in California, Hawaii, New Mexico, Texas"

A professional engineer is a licensed engineer who has met formal education, work-experience and examination requirements and is legally authorized to sign off on engineering designs and take responsibility for public safety. For investors, that stamp of approval matters because it signals qualified oversight on technical projects, helps ensure regulatory compliance, and reduces the risk of costly redesigns, delays or liability—think of it as a certified pilot for complex construction or product work.

certified public accountant financial

"He is also a Certified Public Accountant."

A certified public accountant (CPA) is a licensed accounting professional who has passed rigorous exams and met education and experience requirements to prepare, review, and officially certify financial statements and tax filings. For investors, a CPA's involvement is like a neutral referee confirming that a company's reported numbers are accurate and follow accounting rules, which improves trust in financial reports and lowers the risk of unexpected errors or misleading information.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SAN JOSE, Calif., Jan. 07, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) announced today the promotion of Todd K. Peters to Vice President, Engineering and Thomas A. Scanlon to Vice President, Corporate Controller and Chief Accounting Officer, effective January 1, 2026.

Peters began his career at the Company in 1993 and has held various positions, the most recent of which was Chief Engineering Officer. He holds a Bachelor of Science Degree in Civil Engineering from San Jose State University and is a licensed Professional Engineer in California, Hawaii, New Mexico, Texas, and Washington.

Scanlon joined the team in 2010 and most recently served as Corporate Controller and Chief Accounting Officer. He holds a Bachelor of Science Degree in Finance from Marquette University and a Master of Business Administration from the University of Illinois. He is also a Certified Public Accountant.

According to Chairman & CEO Martin A. Kropelnicki, both promotions are a recognition of the contributions that each has made to the Company’s success.

“Both of these promotions are well-deserved. Todd and Tom bring unique experience and expertise to our leadership team, and I congratulate them on their achievements to date,” Kropelnicki said.

About California Water Service Group

California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater service to more than 2.1 million people in California, Hawaii, New Mexico, Washington, and Texas. California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.

Contact

Shannon Dean
(408) 367-8243 (media)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who was promoted at California Water Service Group (CWT) on January 1, 2026?

Todd K. Peters was promoted to Vice President, Engineering and Thomas A. Scanlon to Vice President, Corporate Controller and Chief Accounting Officer, effective January 1, 2026.

What are Todd K. Peters' qualifications mentioned in the CWT promotion announcement?

Peters has worked at the company since 1993, previously served as Chief Engineering Officer, holds a B.S. in Civil Engineering from San Jose State University, and is a licensed Professional Engineer in five states.

What qualifications does Thomas A. Scanlon have according to the CWT release?

Scanlon joined in 2010, previously served as Corporate Controller and Chief Accounting Officer, holds a B.S. in Finance from Marquette University, an MBA from the University of Illinois, and is a Certified Public Accountant.

When did the promotions at California Water Service Group (CWT) take effect?

The promotions took effect on January 1, 2026.

How did CWT leadership describe the promotions of Peters and Scanlon?

Chairman & CEO Martin A. Kropelnicki said the promotions recognize the contributions each has made to the company's success and congratulated them on their achievements.