Middlesex Water Co., the Iselin-based provider of water and wastewater services in New Jersey and beyond, announced some changes in leadership this week as part of its succession planning initiatives.
Richard M. Risoldi, currently vice president – operations and chief operating officer, will retire effective July 1 after 29 years of service. As of Jan. 1, he will become a senior vice president, handling an expanded role managing various leadership transitions and operational initiatives.
Gerald L. Esposito, president of subsidiary Tidewater Utilities Inc., also is retiring, departing Jan. 1 after 20 years with the company.
“We’re very grateful for the many contributions both Rick and Jerry have made to the company’s success over their tenure, in support of our customers, employees and shareholders, and we congratulate them on their plans for a well-deserved retirement,” CEO and President Dennis Doll said in a prepared statement.
A. Bruce O’Connor, the current vice president, chief financial officer and treasurer, will become senior vice president, CFO and treasurer as of Jan. 1. He will also take on the responsibilities of president of Tidewater Utilities after Esposito’s retirement.
Three others will become assistant vice presidents and members of the executive committee, effective Jan. 1:
- Christian Andreasen, director – engineering for New Jersey operations and VP for the Pinelands Water & Wastewater Cos., will become AVP – enterprise engineering for the company;
- Robert Fullagar, director – distribution for New Jersey operations and VP for Twin Lakes Utilities Inc., will become AVP – operations; and
- Georgia M. Simpson, director – information technology, will become AVP – information technology.
“We’re also grateful we have a group of extraordinarily talented individuals who are preparing to assume larger leadership roles in supporting the company’s future growth and ongoing focus on operational excellence and shareholder value,” Doll said.
Middlesex Water serves central and southern New Jersey, as well as Delaware and Pennsylvania.