American Water Works Co. on Wednesday announced that John Griffith has been named executive vice president and chief financial officer, effective May 16.
Griffith will assume the CFO duties from Susan Hardwick, who has served as the company’s CFO since 2019. Hardwick was named the Camden-based utility’s CEO and president in February of this year, when Walter Lynch announced his retirement.
“We are thrilled to have John join American Water and our leadership team,” Hardwick said. “He brings more than 25 years of industry knowledge and expertise and has significant experience in strategy development, financial planning and analysis, capital markets, M&A and people leadership. John also knows our business and people very well, most recently serving as our adviser for the $1.3 billion sale of Homeowner Services. Working with our experienced finance and business development teams, John is the right leader to help deliver our financial plan and growth strategy, including increased acquisition activity and our accelerated capital plan.”
Griffith most recently served as a managing director in Bank of America Securities’ Mergers & Acquisitions group, leading the firm’s practice for regulated utilities and renewables. In the role, Griffith served as the lead investment banker on major U.S. and international utility transactions, including transaction origination, structure development, financing solutions, analysis and modeling, as well as team development. He also advised on a large number of public and private renewables transactions globally over the last five years.
Prior to joining Bank of America in 2014, Griffith served as CEO of HighWave Energy, a startup renewable fuels company. As CEO, Griffith built the senior executive team and led the capital development and deployment strategy, as well as the financial planning structure and process. Griffith also held multiple positions during a 14-year career with Merrill Lynch & Co., culminating as managing director.
Passionate about mentoring and coaching, Griffith is a partner with Student Partner Alliance, a nonprofit organization focused on mentoring high school students.