Industry & Services >> CEO Interviews >> November 11, 2002

Nicholas Debenedictis – Philadelphia Suburban Corporation (psc)

NICHOLAS DeBENEDICTIS was elected Chairman of Aqua America, Inc., (formerly Philadelphia Suburban Corporation) in May 1993, 10 months after joining the corporation as its President and Chief Executive Officer, and Chairman of its principal subsidiary, Aqua Pennsylvania (formerly Philadelphia Suburban Water Company). Prior to joining Aqua America, Mr. DeBenedictis spent three years (1989-1992) as Senior Vice President of Corporate and Public Affairs for PECO Energy, a $4 billion nuclear utility. He was responsible for government relations, economic development and environmental policies, plus implementation of the utility's public policy positions. From 1986 to 1989, Mr. DeBenedictis was President of the Greater Philadelphia Chamber of Commerce. He successfully designed and implemented various economic and business development programs to service the Chamber's growing membership, which dramatically increased to more than 5,500 businesses, putting it among the five largest in the nation. Mr. DeBenedictis served in two cabinet positions in Pennsylvania government: Secretary of the Department of Environmental Resources (1983-1986) and Director of the Office of Economic Development (1981-1983). He received a Bachelor's degree in Business Administration from Drexel University in 1968, and a Master's degree in Environmental Engineering and Science from Drexel in 1969. He served in the Army Corps of Engineers between 1970 and 1973, reaching the rank of Captain. Mr. DeBenedictis was named President of the National Association of Water Companies in October 2003. He is a former Chairman and now member of the executive committee for both the Pennsylvania Business Roundtable and the Greater Philadelphia Chamber of Commerce, and he also serves on the Board of Directors for many regional businesses, economic and environmental organizations. These include: Drexel University, Exelon Corporation, PNC Bank - Southeast Pennsylvania Advisory, P.H. Glatfelter Company, and Met-Pro Corporation. Mr. DeBenedictis has received numerous awards for public service and civic leadership. He has received an Honorary Doctorate of Science degree from Widener University and an Honorary Doctorate of Letters degree from Drexel University. Profile
TWST: Would you begin with a brief historical sketch of

Philadelphia Suburban and then a picture of how things are now?

Mr. DeBenedictis: We're probably one of the oldest, if not the

oldest,