SAN JOSE, CA, May 11, 2007 -- SJW Corp. (NYSE:SJW) announces the appointment of Charles (Chuck) J. Toeniskoetter as Chairman of the Board of Directors of SJW Corp. and its subsidiaries on April 26, 2007 replacing Drew Gibson, who retired from the Board.
"I am honored to have been appointed Chairman," said Toeniskoetter. "SJW's rich tradition spans over 140 years and rests on the principles of balanced corporate governance, strong leadership, and sustainable growth. I am committed to these principles and am eager to guide the Board in providing the direction and counsel to shape the future growth and profitability of SJW."
Toeniskoetter has served as a director of SJW Corp. since 1991, and is Chairman of Toeniskoetter & Breeding, Inc. Development (a real estate development company), which he co-founded in 1983. He also serves on the boards of two other publicly traded companies - Redwood Trust, Inc. (real estate investment trust), and Heritage Commerce Corp. (bank holding company). Additionally, Toeniskoetter has received numerous awards and accolades for his community contributions and involvement.
Toeniskoetter received a bachelor's degree in mechanical engineering from the University of Notre Dame in 1967, and an M.B.A. from Stanford University in 1973. He served as an officer in the Marine Corps from 1967 to 1970, including a tour in Vietnam, and completed his service as a Captain and Company Commander at Camp Pendleton, California.
"Chuck is the personification of the integrity, success, and professionalism that all stakeholders have come to expect from SJW," said W. Richard Roth, President and Chief Executive Officer. "I look forward to working closely with Chuck. On behalf of fellow Board members and employees, I extend our deep respect, appreciation, and support for our new Chairman."
SJW Corp. is a publicly traded holding company headquartered in San Jose, California. SJW Corp. is the parent company of San Jose Water Company, Canyon Lake Water Service Company and SJW Land Company.
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