California Water Service Group elects Jeffrey Kightlinger to board, effective Nov. 1
California Water Service Group expanded its board from ten to eleven directors and elected Jeffrey Kightlinger, a former chief executive of the Metropolitan Water District of Southern California, effective November 1, 2023. The filing describes a governance change with no financial figures attached, so its direct effect on shareholders appears limited.
- On October 25, 2023, the Board voted to increase its size from ten to eleven directors and elect Jeffrey Kightlinger, 63, effective November 1, 2023.
- Kightlinger was the longest-serving CEO of the Metropolitan Water District of Southern California, which the filing describes as overseeing a $1.8 billion budget.
- He will receive non-employee director compensation under the arrangements described in the April 19, 2023 proxy statement, and the company intends to sign its standard indemnification agreement with him.
- A press release announcing the election was issued October 26, 2023 and is attached as Exhibit 99.1.