SAN JOSE, Calif. - SJW Group (NYSE: NYSE:SJW), a prominent water and wastewater utility company, announced today the appointment of Nazan Riahei as Vice President of Communications, effective immediately. Riahei's role is a strategic addition to the leadership team, aimed at enhancing the company's communications strategies across its national operations.
Riahei brings over 17 years of experience in strategic communications, having advised corporate clients on a wide range of issues including brand strategy and crisis management. Her previous roles at national firms such as Abernathy MacGregor and Sard Verbinnen & Co., as well as her experience as a corporate attorney, have equipped her with a robust skill set for her new position at SJW Group.
Eric W. Thornburg, Chair, President, and CEO of SJW Group, praised Riahei's proven track record and her alignment with the company's core values of service and integrity. He expressed confidence in her ability to leverage the company's scale to serve local customers and communities effectively while maintaining environmental stewardship.
The hiring of Riahei follows the successful integration of Connecticut Water and Maine Water, along with the growth of Texas Water, which has set the stage for SJW Group to bolster its national brand and stakeholder relations.
This announcement is based on a press release statement from SJW Group.
InvestingPro Insights
As SJW Group (NYSE: SJW) welcomes Nazan Riahei to their leadership team, the company's financial health and market performance continue to be a focal point for investors. According to InvestingPro real-time data, SJW Group holds a market capitalization of approximately $1.69 billion, with a P/E ratio of 19.53, indicating investors' valuation of the company relative to its earnings. Furthermore, the company has experienced a revenue growth of 8.0% over the last twelve months as of Q4 2023, showcasing its ability to expand its financial base amidst growing national operations.
InvestingPro Tips highlight that SJW Group has maintained a consistent commitment to its shareholders, raising its dividend for 31 consecutive years and maintaining dividend payments for 53 consecutive years. The company's dedication to shareholder returns is evident in its dividend yield of 2.91% as of early 2024. Additionally, analysts predict the company will be profitable this year, which aligns with the company's positive EBITDA growth over the last twelve months.
For investors interested in a deeper dive into SJW Group's financials and future prospects, InvestingPro offers additional insights. There are currently 6 more InvestingPro Tips available for SJW Group, which can be accessed at https://www.investing.com/pro/SJW. For those looking to enhance their investment strategy with these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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