The York Water Company (NASDAQ:YORW) has announced the appointment of Robert F. Lambert as a new independent director to its board, effective September 1, 2024.
Mr. Lambert, who currently serves as the president of York County Libraries and holds director positions at Traditions Bank and Capital Blue Cross, brings a wealth of experience to the board.
Mr. Lambert's term as director will extend until the 2025 annual meeting of shareholders.
He will also join the board’s Audit Committee, where his expertise is expected to contribute significantly.
The company confirmed that there are no arrangements or understandings between Mr. Lambert and any other parties regarding his appointment.
Additionally, there are no transactions involving Mr. Lambert that would necessitate disclosure under Item 404(a) of Regulation S-K.
This appointment reflects The York Water Company’s ongoing commitment to strong governance and leadership as it continues to provide essential water services to the community.
Following the announcement, The York Water Company's share price were up 0.37%.