American Water’s Ellen Wolf Named CFO of the Year by Philadelphia Business Journal

VOORHEES, N.J.--(BUSINESS WIRE)--American Water Works Company, Inc. (NYSE:AWK), the largest investor-owned U.S. water and wastewater utility company, announced today that its senior vice president and CFO, Ellen Wolf, was named CFO of the Year in the large company category in the Philadelphia Business Journal’s 2009 CFO of the Year Award Program. The CFO of the Year winners were announced during an awards ceremony today at the Sheraton City Center Hotel in Philadelphia, and they are also profiled in a special section of the July 10 issue of the Philadelphia Business Journal.

The CFO of the Year award program celebrates financial professionals in the Delaware Valley for outstanding performance in their roles as corporate financial stewards. One of the areas for which Wolf is recognized in her nomination is helping to lead America Water’s compliance efforts as it prepared for what was the second largest IPO in 2008, raising $1.25 billion through the sale of 58 million shares. Beyond leading the finance function for the largest investor-owned water and wastewater service provider, Ms. Wolf is noted for serving on several boards including Water For People, a charity dedicated to improving water conditions in developing countries. Wolf was also recently selected as a finalist in the NJBIZ CFO of the Year Awards. She was also recognized by South Jersey Magazine as one of the "Top Business Women" in 2008, which highlights the area’s brightest, most inspirational and accomplished women.

Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15 million people in 32 states and Ontario, Canada. More information can be found by visiting www.amwater.com.