PHOENIX, Feb. 7, 2023 (GLOBE NEWSWIRE) — Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure water resources management company, has named a prominent service industry leader public officials, Chris Krygier, to the new role of chief operating officer. He previously served as the company’s chief strategy officer since June 2020.
Chris Krygier, COO of Global Water Resources
As Chief Operating Officer, Krygier will be responsible for Global Water’s regulated water and wastewater utility operations throughout its expanding presence in Arizona, including ongoing oversight of the company’s business development and regulatory affairs.
Krygier will also continue to lead the company’s growth and acquisition initiatives, building on Global Water’s track record of successful acquisitions of 12 utilities acquired in Maricopa, Pinal and Pima County since 2017.
Over the past three years, he has helped the company purchase seven of those utilities in Pima County and one in Pinal County. The company announced earlier this month that it has completed the acquisition of Farmers Water, which added 3,300 active water service connections in Pima County.
“Chris has been a valued member of our executive team, helping us grow the company with a thoughtful and disciplined approach to utility consolidation, including a broader regulatory strategy,” said company President and CEO Ron Fleming. “His knowledge and experience have helped” We remain at the forefront of the water management industry. We look forward to his future contributions in his new role as we continue to enhance and grow our core asset base in Arizona, with possible expansion throughout the Southwestern US.”
Krygier brings to the role more than 15 years of experience in operations management, regulatory strategy and capital deployment for large projects and transactions, along with multi-state experience and industry knowledge. He has extensive regulatory experience representing utilities in more than 10 states, including electric, natural gas, water, and wastewater utilities. He has also represented utility companies before the Arizona Corporation Commission.
“I see great potential for further utility consolidation, as well as additional opportunities for new utility solutions to support Arizona’s booming economy,” Krygier said. “This includes opportunities at the Inland Port Arizona mega site where we are working to provide water, wastewater and recycled water services to numerous new manufacturing facilities. As Chief Operating Officer, I will continue to drive these initiatives forward and further our mission of providing high-quality, safe water services to the communities we are privileged to serve.”
Prior to joining Global Water, Krygier served as COO of a water and wastewater utility division of a publicly traded, multinational investor-owned renewable energy and regulated utility conglomerate. He oversaw 75,000 active water and wastewater connections in Arizona and Texas. He also served as director of rates, regulatory and government affairs, and other roles for a division that served hundreds of thousands of customer connections throughout the Midwestern United States. He played an integral role in the acquisition and integration of multiple multi-billion dollar transactions related to wind power generation and distribution.
Earlier in his career, Krygier held various positions of increasing responsibility at American Water, the largest investor-owned water and wastewater utility in the United States. He has also served on numerous voluntary and utility industry boards and committees, including the Southern Gas Utilities Association and the Arizona Water Utilities Association.
He earned his Bachelor of Science in Economics and MBA in Finance from Arizona State University’s WP Carey School of Business. She also previously served as a board member of the ASU Hispanic Business Alumni Association. He is also a Certified Management Accountant as designated by the Institute of Management Accountants and holds a CFA certification.
About world water resources
Global Water Resources, Inc. is a leading water resources management company that owns and operates 29 systems that provide water, wastewater and recycled water services. The company’s service areas are located primarily in growth corridors around the greater Phoenix area. Global Water recycles more than a billion gallons of water each year.
The company has been recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle that involves owning and operating water, wastewater, and recycled water utilities within the same geographic area to maximize the beneficial use of recycled water. It enables smart water management programs, such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth.
Global Water has received numerous industry awards, including national recognition as ‘Future Utility Today’ for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation (WEF). The company also received Cityworks’ 2022 Departmental Practice Excellence Award for demonstrating leadership and creativity in applying public asset management strategies to day-to-day operations and long-term planning.
For more information, visit www.gwresources.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain forward-looking statements that reflect the company’s expectations regarding future events. Forward-looking statements involve a number of assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those contained in the forward-looking statements. These forward-looking statements include, but are not limited to, statements about our strategy; expectations about future business plans, prospective performance, growth and opportunities; future financial performance; technologies; capital expenditure plans and expectations; and other statements that are not historical facts, as well as statements identified by words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates” or the negative of these terms or other words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to a number of risks, uncertainties and assumptions, most of which are difficult to predict and many of which are beyond our control. Actual results may differ materially from these expectations due to changes in political, economic, business, market, regulatory and other factors, including the duration and severity of the COVID-19 pandemic and actions to contain the virus or treat its impact, as well as the efficacy of vaccines (particularly with respect to emerging strains of the virus). Factors that may also affect future results are disclosed under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our filings with the Securities and Exchange Commission ( the “SEC”), which are available on the SEC’s website at www.sec.gov. This includes, but is not limited to, our Annual Report on Form 10-K for the year ended December 31, 2021, our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, and subsequent filings with the sec. Additional risks and uncertainties include, among others, whether all conditions precedent in the definitive agreement to acquire Farmers Water Company will be met, including receipt of ACC’s approval, and other risks to consummation of the acquisition, including circumstances that could result in termination of the Final Agreement and the risk that the transaction will not be consummated without undue delay, cost or expense, or at all. Accordingly, investors are cautioned not to place undue reliance on any forward-looking statement, which reflects the views of management as of the date hereof. We do not undertake any obligation to publicly update any forward-looking statement, except as required by law, whether as a result of new information, future developments or otherwise.
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