SJW Group (NASDAQ: SJW), a leading national investor-owned pure-play water and wastewater utility, today announced that its Board of Directors has appointed Ann P. Kelly as Chief Financial Officer (CFO) and Treasurer, effective July 1, 2025. Kelly, who joined SJW Group in November 2024 as Chief Accounting Officer, has already played a key role in advancing the company’s business transformation and operational excellence.
In her new role, Kelly will lead business planning, growth and development, and oversee core financial functions including treasury and investor relations. Her promotion follows the recent retirement announcement of Eric W. Thornburg, SJW Group’s Chair, President, and Chief Executive Officer, who will step down in July 2025. He will be succeeded as CEO by the company’s current CFO and Treasurer, Andrew F. Walters.
“Ann is a seasoned utility executive with substantial experience in financial and accounting leadership, as well as business transformation, having previously served as CFO for American Electric Power (AEP) and AmeriGas Propane before joining SJW Group,” stated Thornburg. “She will help us navigate the increasingly complex financial needs of our growing national organization, while bringing added focus to business planning and investor relations to deliver value for our shareholders. Importantly, Ann has already made an impact as a leader in this company through her collaborative approach, integrity, and sense of purpose. We are confident she will be instrumental in shaping the next chapter of our company’s growth.”
As CFO at AEP, one of the nation’s largest electric utilities, Kelly led a team of more than 250 professionals across accounting, tax, treasury and risk, corporate planning and budgeting, and investor relations. Prior to joining AEP, she served in various roles of increasing responsibility at UGI Corporation (“UGI”), a natural gas, propane and electric power distribution company, up to Vice President of Finance and Chief Financial Officer at AmeriGas Propane, a UGI subsidiary. Kelly’s utility experience also includes finance and risk roles at Exelon Generation and PECO Energy, and she began her career as a senior accountant at Price Waterhouse.
Kelly holds a Bachelor of Arts in accounting from Ohio Wesleyan University and a Master of Business Administration with a concentration in finance from Villanova University.
