Aqua America Announces Appointment of Seasoned Business Leader Francis Idehen to Board of Directors

BRYN MAWR, Pa.–(BUSINESS WIRE)–Aqua America Inc. (NYSE: WTR) announced today the appointment of Francis
Idehen to its board of directors.

Idehen is the chief operating officer for GCM Grosvenor, one of the
world’s largest independent alternative asset management firms with over
$55 billion in assets under management, specializing in comprehensive
investment solutions for private equity, infrastructure, real estate,
hedge fund strategies and strategic, multi-asset class investments. In
his current role, held since 2017, Idehen is responsible for overseeing
the company’s core operations functions, including fund finance,
corporate finance, technology, compliance and legal. He is also a member
of the firm’s operations committee and labor impact fund investment
committee.

Before joining GCM Grosvenor, Idehen held senior roles at Exelon
Corporation from 2011-2017, serving as treasurer, head of investor
relations and managing director of Exelon’s investment office. During
his tenure at Exelon, he was responsible for leading the treasury
department, developing key strategic relationships with external sources
of financing, implementing the investor relations program and leading
the private markets investments team.

“Francis is a seasoned leader with a trained and balanced financial
mindset and diverse experience with large and complex businesses.,” said
Aqua America Chairman and CEO Christopher Franklin. “His background in
the utility space, combined with his current responsibilities in making
prudent financial investments, will make him an important addition to
Aqua’s strong board of directors. Our directors remain focused on the
company’s core mission – delivering safe and reliable service to
customers along with strong financial performance for our shareholders.”
Mr. Idehen will serve on Aqua’s Audit Committee and its Risk Mitigation
and Investment Policy Committee.

Previously, Idehen was a senior portfolio manager at Intel Corporation
where he was responsible for developing investment policy and strategy,
conducting due diligence and managing investment performance of public
and private fixed income and credit portfolios. Prior to working at
Intel, Idehen held various finance positions at Lehman Brothers, J.P.
Morgan Chase & Company, Streamline Capital, LLC and Goldman, Sachs &
Company.

Idehen holds a bachelor’s degree in economics from Yale University, and
an MBA from Harvard Business School. He is based in Chicago.

Aqua America is the second-largest publicly traded water utility based
in the U.S., and serves more than 3 million people
in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New
Jersey, Indiana and Virginia. Visit AquaAmerica.com for
more information or follow Aqua on Facebook at
facebook.com/MyAquaAmerica and on Twitter at @MyAquaAmerica.

WTRF

Contacts

Brian Dingerdissen
Investor Relations
O: 610.645.1191
BJDingerdissen@AquaAmerica.com

Stacey Hajdak
Marketing and Communications
O: 610.520.6309
M:
267.294.1866
SMHajdak@AquaAmerica.com

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