California Water Service Group Promotes Two Executives to VP Positions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Source: Globenewswire
- Executive Promotions: California Water Service Group announced the promotion of Todd K. Peters to Vice President of Engineering and Thomas A. Scanlon to Vice President, Corporate Controller and Chief Accounting Officer effective January 1, 2026, recognizing their contributions and aiming to enhance the leadership team's expertise.
- Rich Experience: Peters, who joined the company in 1993, has held various roles, most recently as Chief Engineering Officer, and is a licensed Professional Engineer in multiple states, while Scanlon, who joined in 2010, holds a Bachelor’s in Finance and an MBA, and is a Certified Public Accountant, bringing unique expertise to the team.
- Company Background: California Water Service Group provides regulated and non-regulated water and wastewater services to over 2.1 million people across several states, and with these promotions, the company aims to leverage enhanced management capabilities for sustained growth.
- Strategic Implications: Chairman and CEO Martin A. Kropelnicki stated that these promotions not only acknowledge the contributions of both executives but also aim to provide stronger leadership for the company's future, helping maintain its competitive edge in the water services industry.
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Analyst Views on CWT
Wall Street analysts forecast CWT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CWT is 53.00 USD with a low forecast of 51.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 43.620
Low
51.00
Averages
53.00
High
55.00
Current: 43.620
Low
51.00
Averages
53.00
High
55.00
About CWT
California Water Service Group is a holding company that provides water utility and other related services in California, Washington, New Mexico, Hawaii and Texas through its subsidiaries. Its business is conducted through its operating subsidiaries and provides utility services. Its business consists of the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, and the provision of domestic and municipal fire protection services. It provides wastewater collection and treatment services, including treatment which allows water recycling. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The non-regulated services include full water system operation, meter reading, and billing services. Non-regulated operations also include the lease of communication antenna sites, lab services and promotion of other non-regulated services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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