The board of directors of Connecticut Water Service Inc. (CTWS) today announced that David C. Benoit has been named president and CEO of the company effective immediately. Benoit has served as interim president and CEO since Sept. 28, 2017. Richard Knowlton will continue as president of the company’s Maine-operating subsidiary, Maine Water Company.
“David has demonstrated great leadership and abilities as interim president and CEO,” said Carol P. Wallace, CTWS’s chairman. “The board is confident that under his leadership the company will continue to provide world-class customer service, value its employees and deliver consistent financial performance.”
During his tenure at CTWS, Benoit has served as the company’s senior vice president, chief financial officer (CFO) and treasurer. He has more than 30 years of experience with regulated utility companies, including gas and electric, and was CFO at CTWS for 21 years before becoming interim president. As CFO, he played a key role in more than 30 company acquisitions.
“I am honored to serve with an outstanding team of employees at the company,” said Benoit. “Across our organization, from Connecticut to Maine, our people are passionate about providing safe drinking water to customers, being good stewards of natural resources entrusted to us and delivering value for our shareholders.”
Benoit is a certified public accountant. He earned his MBA from the University of Hartford and an undergraduate degree from Central Connecticut State University,
In related news, CWTS’ Board of Directors also named Robert J. Doffek as CFO, Treasurer and Controller, effective immediately. Doffek has served as controller since April 2016.
“Bob has more than 30 years’ experience in the accounting and finance aspects of regulated utilities,” Benoit said. “Further, over the past two years at CTWS, he has proven himself to be an exceptional leader and has developed an efficient and dedicated team.”