H2O America Appoints Megan Mattern as Chief Accounting Officer
H2O America (NASDAQ: HTO), a leading water and wastewater utility, has appointed Megan Mattern as Chief Accounting Officer, Principal Accounting Officer and Controller, effective July 28, 2025. This appointment comes amid significant leadership changes, including CEO Eric W. Thornburg's retirement on June 30th.
Mattern joins from UGI International, where she served as VP and CFO, managing a $2.3 billion operation across 16 countries. Her achievements include driving 15%+ EBIT growth and generating $1 million in annual banking savings. The appointment coincides with Andrew F. Walters becoming CEO and Ann P. Kelly transitioning to CFO on July 1, 2025.
H2O America (NASDAQ: HTO), una delle principali aziende nel settore delle utility idriche e delle acque reflue, ha nominato Megan Mattern come Chief Accounting Officer, Principal Accounting Officer e Controller, con decorrenza dal 28 luglio 2025. Questa nomina avviene in un periodo di importanti cambiamenti nella leadership, incluso il pensionamento del CEO Eric W. Thornburg il 30 giugno.
Mattern proviene da UGI International, dove ha ricoperto il ruolo di VP e CFO, gestendo un'operazione da 2,3 miliardi di dollari in 16 paesi. Tra i suoi successi figurano una crescita dell'EBIT superiore al 15% e un risparmio annuo di 1 milione di dollari nelle spese bancarie. La sua nomina coincide con l'assunzione di Andrew F. Walters come CEO e la transizione di Ann P. Kelly a CFO a partire dal 1 luglio 2025.
H2O America (NASDAQ: HTO), una empresa líder en servicios de agua y aguas residuales, ha nombrado a Megan Mattern como Chief Accounting Officer, Principal Accounting Officer y Controller, con efecto a partir del 28 de julio de 2025. Este nombramiento se produce en medio de importantes cambios en la dirección, incluyendo la jubilación del CEO Eric W. Thornburg el 30 de junio.
Mattern llega desde UGI International, donde fue VP y CFO, gestionando una operación de 2.300 millones de dólares en 16 países. Sus logros incluyen impulsar un crecimiento del EBIT superior al 15% y generar un ahorro bancario anual de 1 millón de dólares. El nombramiento coincide con la llegada de Andrew F. Walters como CEO y la transición de Ann P. Kelly a CFO a partir del 1 de julio de 2025.
H2O America (NASDAQ: HTO)는 선도적인 상수도 및 폐수 처리 유틸리티 기업으로, 2025년 7월 28일부로 Megan Mattern을 최고 회계 책임자, 주요 회계 책임자 및 컨트롤러로 임명했습니다. 이번 임명은 CEO Eric W. Thornburg가 6월 30일 은퇴하는 등 중대한 리더십 변화가 있는 시기에 이루어졌습니다.
Mattern은 UGI International에서 부사장 겸 CFO로 근무하며 16개국에 걸쳐 23억 달러 규모의 사업을 관리했습니다. 그녀의 주요 성과로는 15% 이상의 EBIT 성장과 연간 100만 달러의 은행 비용 절감이 있습니다. 이번 임명은 Andrew F. Walters가 CEO로, Ann P. Kelly가 2025년 7월 1일부터 CFO로 전환하는 시기와 맞물려 있습니다.
H2O America (NASDAQ : HTO), un leader dans le secteur des services d'eau potable et des eaux usées, a nommé Megan Mattern au poste de Chief Accounting Officer, Principal Accounting Officer et Controller, à compter du 28 juillet 2025. Cette nomination intervient dans un contexte de changements majeurs dans la direction, notamment la retraite du PDG Eric W. Thornburg le 30 juin.
Mattern rejoint UGI International, où elle était vice-présidente et directrice financière, supervisant une opération de 2,3 milliards de dollars dans 16 pays. Parmi ses réalisations figurent une croissance de l'EBIT de plus de 15% et une économie annuelle de 1 million de dollars sur les frais bancaires. Cette nomination coïncide avec la prise de fonction d'Andrew F. Walters en tant que PDG et la transition d'Ann P. Kelly au poste de directrice financière à compter du 1er juillet 2025.
H2O America (NASDAQ: HTO), ein führendes Wasser- und Abwasserunternehmen, hat Megan Mattern mit Wirkung zum 28. Juli 2025 zur Chief Accounting Officer, Principal Accounting Officer und Controller ernannt. Diese Ernennung erfolgt im Zuge bedeutender Führungswechsel, darunter der Ruhestand von CEO Eric W. Thornburg zum 30. Juni.
Mattern kommt von UGI International, wo sie als VP und CFO tätig war und einen Betrieb mit einem Volumen von 2,3 Milliarden US-Dollar in 16 Ländern leitete. Zu ihren Erfolgen zählen ein EBIT-Wachstum von über 15% sowie jährliche Bankkosteneinsparungen von 1 Million US-Dollar. Die Ernennung fällt zeitlich mit der Übernahme der CEO-Position durch Andrew F. Walters und dem Wechsel von Ann P. Kelly zur CFO am 1. Juli 2025 zusammen.
- Appointment of experienced executive with 20+ years in regulated environments
- New CAO demonstrated strong performance at UGI International with 15%+ EBIT growth
- Proven track record in cost optimization, saving $1 million annually in previous role
- Structured leadership transition plan in place with internal promotions
- Multiple simultaneous leadership changes may create temporary operational uncertainty
- Significant transition period with three key executive positions changing within one month
SAN JOSE, Calif., June 25, 2025 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO), a leading investor-owned, pure-play water and wastewater utility, today announced the appointment of Megan Mattern as Chief Accounting Officer, Principal Accounting Officer and Controller, effective July 28, 2025. In this role, Mattern will lead accounting operations, financial reporting, financial planning and analysis, regulatory compliance, cost management, and internal controls, while playing a key role in advancing H2O America’s growth strategy and operational excellence.
“Megan’s appointment comes at a time of transformational growth and leadership transition at H2O America,” said Eric W. Thornburg, Chair, President, and CEO of H2O America, who will retire on June 30th. “Her two decades of experience in complex, regulated environments—spanning global energy, utilities, and infrastructure—make her an outstanding addition to our national leadership team. She brings deep expertise in capital optimization, financial transformation, and regulatory strategy, along with a clear commitment to people and performance.”
Mattern most recently served as Vice President and Chief Financial Officer of UGI International, a
Previously, she held senior financial leadership roles at UGI Energy Services, UGI Utilities, and PPL Corporation, leading initiatives in M&A, systems modernization, and financial transformation across regulated utility and energy businesses. She began her career at Deloitte.
Mattern holds a bachelor’s degree in accounting from King’s College and an MBA from Wilkes University. She is a licensed CPA and has served on multiple nonprofit boards, reflecting her commitment to community engagement and servant leadership.
Her appointment coincides with a broader leadership transition at H2O America. Following Thornburg’s retirement on June 30, Chief Financial Officer and Treasurer Andrew F. Walters will become CEO, and current CAO Ann P. Kelly will assume the role of CFO, both effective July 1, 2025.
“Megan’s leadership will be instrumental for the next chapter of H2O America, as we continue scaling with integrity, strengthening our systems, driving operational efficiency, and delivering value to customers, regulators, and investors alike,” said Andrew F. Walters, incoming CEO.
About H2O America
H2O America (NASDAQ: HTO) is a national investor-owned network of local water and wastewater utilities united by one purpose: delivering clean, high-quality water to the communities we call home.
For H2O America, providing water is more than a responsibility—it’s a privilege. Every connection we serve helps sustain what matters most: public health, vibrant neighborhoods, and a reliable future.
Across approximately 407,000 water and wastewater service connections, we invest in critical infrastructure to strengthen water supply for generations to come. We stay actively engaged in our local communities while focusing on operational excellence and delivering sustainable, long-term value to our investors.
Water is local—and so are our roots. Through our four regional water utilities—Connecticut Water, Maine Water, San Jose Water, and Texas Water—we proudly serve more than 1.6 million people across the country. Together, we protect what’s precious.
For more information, please visit our new website at www.H2O-America.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws relating to future events and future results of H2O America and its subsidiaries that are based on current expectations, estimates, forecasts, and projections about H2O America and its subsidiaries and the industries in which H2O America and its subsidiaries operate and the beliefs and assumptions of the management of H2O America. Some of these forward-looking statements can be identified by the use of forward-looking words such as “believes,” “expects,” “estimates,” “anticipates,” “intends,” “seeks,” “plans,” “projects,” “may,” “should,” “will,” "approximately," "strategy," or the negative of those words or other comparable terminology. These forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements.
The accuracy of such statements is subject to a number of risks, uncertainties and assumptions including, but not limited to, the following factors: (1) the effect of water, utility, environmental and other governmental policies and regulations, including regulatory actions concerning rates, authorized return on equity, authorized capital structures, capital expenditures, PFAS and other decisions; (2) changes in demand for water and other services; (3) unanticipated weather conditions and changes in seasonality including those affecting water supply and customer usage; (4) the effect of the impact of climate change; (5) unexpected costs, charges or expenses; (6) our ability to successfully evaluate investments in new business and growth initiatives; (7) contamination of our water supplies and damage or failure of our water equipment and infrastructure; (8) the risk of work stoppages, strikes and other labor-related actions; (9) catastrophic events such as fires, earthquakes, explosions, floods, ice storms, tornadoes, hurricanes, terrorist acts, physical attacks, cyber-attacks, epidemic, or similar occurrences; (10) changes in general economic, political, business and financial market conditions; (11) the ability to obtain financing on favorable terms, which can be affected by various factors, including credit ratings, changes in interest rates, compliance with regulatory requirements, compliance with the terms and conditions of our outstanding indebtedness, and general market and economic conditions; and (12) legislative, and general market and economic developments. The risks, uncertainties and other factors may cause the actual results, performance or achievements of H2O America to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Results for a quarter are not indicative of results for a full year due to seasonality and other factors. In addition, actual results, performance or achievements are subject to other risks and uncertainties that relate more broadly to our overall business, including those more fully described in our filings with the SEC, including our most recent reports on Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements are not guarantees of future performance, and speak only as of the date made, and H2O America undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
Contacts
Media Relations
Nazan Riahei
Vice President of Communications
(408) 731-0890
MediaRelations@H2O-America.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d975bfa5-5552-4a72-8113-25466630fd8f
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