leadership
confidence high
sentiment neutral
materiality 0.50
Middlesex Water appoints Gregory Sorensen as VP/COO; VP Andreasen to retire after 42 years
MIDDLESEX WATER CO
- Gregory Sorensen named Vice President and Chief Operating Officer, effective December 16, 2024.
- Annual base salary of $475,000, plus immediate supplemental equity grant of $120,000 in MSEX stock.
- Target annual equity incentive set at 30% of base salary, eligible from 2025 with grants beginning 2026.
- G. Christian Andreasen, VP Enterprise Engineering, will retire effective January 31, 2025, after 42 years of service.
- Sorensen previously served as President, West Region at Liberty Utilities, overseeing $400M+ utility revenue.