– USA, CT – Connecticut Water Service, Inc. (Nasdaq: CTWS) today announced that its Board of Directors has appointed Richard H. Forde, retired nosubhealth, SVP and Chief Investment Officer of Cigna Corporation, to its Board of Directors effective October 4, 2013. The appointment increases the number of CTWS directors from eight to nine.
Eric W. Thornburg, CTWS Chairman, stated, “Richard’s experience with financial markets, defined benefit plan portfolios and 401(k) plans will augment our Board’s knowledge as we continue our strategy of growing our business through prudent acquisitions, infrastructure investment and providing world-class service to our customers.”
With his addition to the board, Mr. Forde will become a member of the Board’s Compensation, Corporate Finance and Investment, and Corporate Governance committees.
About Richard Forde
Mr. Forde brings a wealth of financial and managerial experience to the CTWS Board. Prior to his retirement in 2012, his career at Cigna spanned 35 years with the last 8 years as Senior Vice President and Chief Investment Officer. He was responsible for the performance of more than $23 billion in corporate portfolio and defined pension plan assets and oversaw Cigna Corporation’s 401(k) plan.
Mr. Forde received a B.A. in Economics at Bates College, before receiving an MBA in Finance, Accounting & Management Policy from Northwestern University. He currently serves on the Board of Trustees of Bates College.
CTWS is the largest publicly traded water company based in New England. Through its wholly-owned public water utility subsidiaries, The Connecticut Water Company, The Maine Water Company, and the Biddeford & Saco Water Company, the Company provides drinking water to 122,000 customers, or about 400,000 people, throughout the states of Connecticut and Maine.
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
