Experienced finance executive joins water utility holding company

  • James Lynch named CFO of California Water Service Group
  • Lynch brings 12 years of experience from SJW Group
  • David Healey to serve as interim CFO during transition

California Water Service Group has announced the appointment of James Lynch as its new Senior Vice President, Chief Financial Officer, and Treasurer. Lynch brings with him 12 years of experience from his previous roles at SJW Group, where he served as Chief Accounting Officer and Chief Financial Officer. In the meantime, David Healey, who has been serving as interim CFO since the retirement of Thomas Smegal III, will continue to support the company during the transition period and assist with the fiscal 2023 financial reporting.

Public Companies: California Water Service Group (N/A), SJW Group (N/A)
Private Companies:
Key People: James Lynch (Senior Vice President, Chief Financial Officer, and Treasurer), David Healey (Interim Chief Financial Officer), Thomas Smegal III (Retired Chief Financial Officer)

Factuality Level: 8
Justification: The article provides factual information about the appointment of James Lynch as the senior vice president, chief financial officer, and treasurer of California Water Service Group. It also mentions the previous experience of Lynch and the interim role of David Healey. The information is specific and does not contain any irrelevant or misleading details. However, the article is short and lacks in-depth analysis or context.

Noise Level: 3
Justification: The article provides straightforward information about the appointment of James Lynch as the CFO of California Water Service Group. It does not contain any irrelevant or misleading information. However, it lacks depth and analysis, and there is no evidence or data provided to support the claims made in the article. Overall, it is a simple news announcement without much substance.

Financial Relevance: Yes
Financial Markets Impacted: California Water Service Group

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the appointment of a new CFO at California Water Service Group, a water utility holding company. It does not mention any extreme events or their impact.

Reported publicly: www.marketwatch.com