Nicholas DeBenedictis has a long history at Essential Utilities, Inc., where he was the CEO from 2006 to 2017. During his time leading the company, he focused on performance metrics related to earnings and safety, guiding the company through various...
Nicholas DeBenedictis has a long history at Essential Utilities, Inc., where he was the CEO from 2006 to 2017. During his time leading the company, he focused on performance metrics related to earnings and safety, guiding the company through various business challenges. An interesting aspect of his leadership is that he extended his employment beyond the usual retirement age to ensure stability and continuity in the company, showing commitment to his role. His compensation saw significant jumps, particularly in 2017 when he earned over $4.3 million, mainly through performance-based options and other incentives, reflecting his ability to meet company goals. Nicholas also engaged actively in stock transactions, with notable insider trading activities peaking at around $5.15 million in stock value at the beginning of 2022. His strategic choices and response to the financial landscape have contributed to the growth and adaptability of Essential Utilities, making him a significant figure in the utility sector.