Zerhouni Named CFO at Middlesex Water Company

On Jun 11, 2024

Middlesex Water Company has named Mohammed G. (Rally) Zerhouni as its new senior vice president, chief financial officer and treasurer effective June 24, as part of its ongoing strategic succession planning efforts. Zerhouni joins Middlesex following a comprehensive search for a successor to Senior Vice President, Treasurer and Chief Financial Officer, A. Bruce O’Connor, who will retire from the company effective June 21, after 34 years of service.

“I and the rest of the Middlesex Board of Directors are thrilled to have Mohammed G. (Rally) Zerhouni join our company. His breadth of knowledge and experience will play a key role in helping to address the numerous opportunities and challenges facing our company and our industry,” said Nadine Leslie, Middlesex Water president and CEO. “A very comprehensive and thoughtful recruiting process was in place to ensure we identified a financial leader to further the Company’s mission to provide operational and financial excellence,” added Leslie.

Zerhouni is an accomplished finance leader with over 20 years of experience in finance primarily in the regulated utility sector. Zerhouni was most recently the senior vice president of finance and principal accounting officer of SJW Group, where he led a team of more than 55 professionals in key accounting and finance areas. Prior to joining SJW Group, he was the chief financial officer for Veolia North America regulated utility business where he led the development and execution of the finance transformation roadmap. Prior to joining Veolia, he led audit engagement teams at PwC, which included engagements with large investor-owned utilities. Zerhouni was also an adjunct faculty at Franklin University teaching accounting courses.

“I am honored to be appointed to lead the finance organization of Middlesex Water Company. I’m very excited to work with this talented team to continue delivering reliable and affordable water services to our communities while navigating the evolving regulatory landscape and ensuring long-term financial sustainability,” said Zerhouni.

“We are grateful for Bruce’s many years of service and leadership, including 28 years as our CFO, overseeing financial reporting, customer service and regulatory rate matters. He was instrumental in effectively accessing the capital markets for funding Middlesex’ growth in New Jersey and Delaware,” said Leslie. “Bruce’s commitment to strong regulatory relations and fiscal accountability has served our company and our stakeholders well. On behalf of the Board of Directors, we wish him good health and happiness in his retirement,” added Leslie.

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