PHOENIX, Dec. 19, 2012 /CNW/ - GWR Global Water Resources Corp. (TSX: GWR) and Global Water Resources, Inc. ("Global Water") today announced the addition of David Tedesco to the Board of Directors of Global Water Resources, Inc. Mr. Tedesco will replace Dan Cracchiolo, who has chosen to retire from the Board. Mr. Cracchiolo will remain a shareholder of GWR Global Resources Corp. and Global Water.
"Mr. Tedesco has a track record of successful entrepreneurship and the Board believes Global Water can benefit from his perspective and expertise as it relates to the local Arizona market as well as the capital markets in general," said William S. Levine, Chairman of Global Water. "I would like to thank Dan for his contributions since the Company's inception in 2003."
David Tedesco is the founder and CEO of True North Companies, one of Arizona's largest and most active private investment firms. Prior to forming True North, Mr. Tedesco founded and served as Chief Executive Officer of multiple successful companies. As an independent investor and lifelong entrepreneur, Mr. Tedesco has served on the Board of Directors of a number of organizations. His current Board roles include Passport Health, Anmark Machine, Jokake Companies, HSi, ProGard, Midwest Products, Valley of the Sun, United Way of Phoenix and the Nature Conservancy. Mr. Tedesco has been recognized with Spirit of Philanthropy Award and the Clara Barton Award from the American Red Cross. As part of his contribution to the community, Mr. Tedesco formed the Tedesco Foundation, a non-profit entity focused on providing strategic support to not-for-profit service providers in Arizona and throughout the world.
About GWR Global Water Resources Corp and Global Water
GWR Global Water Resources Corp. owns an approximate 48.1% interest in Global Water, a leading water resource management and technology company that owns and operates water, wastewater and recycled water utilities, and provides technology-enabled services through its unique platform, FATHOMTM Utility-to-Utility ("U2U™") Solutions. Initially developed by Global Water to support and optimize its own utilities, FATHOMTM OS is a cloud-based geo-spatial integrated suite of utility-to-utility solutions proven to increase utility revenue, decrease operating costs and improve customer service. FATHOM™ puts water management tools in customers' hands.
SOURCE: GWR Global Water Resources Corp.
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