American Water appoints Stevens alumnus, Stephen P. Adik, to Board of Directors
Class of ’64 graduate brings extensive natural resource and utilities management experience
HOBOKEN, N.J. ― American Water Works Company, Inc., the largest investor-owned U.S. water and wastewater utility company, announced Friday that Stevens Institute of Technology alumnus Stephen P. Adik has been appointed an independent member of the company’s Board of Directors effective June 19, 2009.
“American Water is pleased to have Steve join our Board of Directors,” said Don Correll, president and CEO of American Water. “Steve has a strong utility background and his experience, as well as this addition of Steve an independent member, will further strengthen our board.”
Adik most recently served as the vice chairman, executive vice president and chief financial officer of NiSource, Inc., an electric, natural gas and pipeline company operating in 16 states. He also held leadership positions for the American Natural Resources Company, Lehigh Valley Railroad, Amtrak, Chicago & North Western Railroad and Chesapeake & Ohio Railroad.
Adik serves on the boards of Northwestern Energy, Beacon Power Corporation, Dearborn Midwest Conveyor Company, Chicago, SouthShore and South Bend Railroad, and the Regional Bus Authority of Northwest Indiana.
Adik earned his MBA from Northwestern University and his undergraduate degree in Engineering from Stevens Institute of Technology, class of '64.
About American Water
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 nearly 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15.6 million people in 32 states and Ontario, Canada. More information can be found by visiting www.amwater.com.
About Stevens Institute of Technology
Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value.
Stevens offers baccalaureates, master’s and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,150 undergraduate and 3,500 graduate students, with about 250 full-time faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.
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