Martin A. Kropelnicki is the President and CEO of California Water Service Group, where he has been leading since September 2013. With a strong background in finance and operations, he came into this role after serving as the CFO and...

Number of Employees

1.27K

Year

2023

Total Compensation

$2.57M

Salary

$1.05M

Board Justification

The compensation philosophy emphasizes performance-based pay that aligns executive compensation with the long-term interests of stockholders and customers, ensuring competitive compensation to attract and retain talented officers.

Bonus

$1.45M

Board Justification

Annual performance-based short-term at-risk compensation representing a payout of 138% of target based on performance metrics for 2023.

Other

$69.56K

Board Justification

Other compensation includes 401(k) matching contributions, personal use of company vehicle, and supplemental medical reimbursement.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as the performance-based RSUs and time-based RSAs are subject to future vesting conditions.

Performance Metrics

Performance metrics for 2023 included water quality, customer service, infrastructure investment, and budget to actual performance (EPS).

SEC Filing

From April 17, 2024

Martin A. Kropelnicki

CEO of California Water Service Group

C

Education

Bachelor's degree in Business Administration from the University of California, Berkeley

Field of Expertise

Finance & Banking - Finance

Born

May 15, 1967 - 57 years ago

Is Founder?

No

Current Tenure

11 years 4 months (Sep 2013 - Present)

Previous Experience

Vice President, Chief Financial Officer and Treasurer of California Water Service Group