Matthew Rhodes is executive vice president, strategy and corporate development for Essential Utilities, Inc. (NYSE: WTRG), one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states.
Rhodes leads the development and execution of Essential’s strategic initiatives, with an emphasis on growth. Additionally, he is responsible for the organization’s overall corporate development, including acquisitions of regulated and market-based businesses, and oversees operations of the market-based businesses.
Since joining the organization, Rhodes has led numerous acquisitions and nearly doubled the Company’s customer base. His key accomplishments include the pending acquisition of Delaware County Regional Water Quality Control Authority (DELCORA), the largest municipal transaction in Company history. Rhodes also led the Company’s acquisition of natural gas distribution company Peoples, which brought together the second-largest U.S. water utility and fifth-largest U.S. stand-alone natural gas local distribution company (based on customers). Upon the closing of Peoples, the Company will have a projected U.S. regulated rate base of more than $7.2 billion, with approximately 70 percent in water and wastewater and 30 percent in natural gas.
Professional History
Rhodes was named to his current role in June 2018, following 11 years in the investment banking division at Goldman Sachs, as a managing director in the global natural resources group. Rhodes led the coverage effort for more than 25 electric and gas utility clients and executed numerous M&A and financing transactions. Prior to Goldman Sachs, Rhodes worked at Bank of America and Duke Capital Partners.
Rhodes is the executive sponsor of the Company’s Women’s Resource Group.
Education and Community Involvement
Rhodes received a B.A. in finance from the University of Texas, Austin and an M.B.A. with Honors from New York University. While in New York, Rhodes joined the board of a charitable organization called Top Honors, which provides free one-on-one math tutoring to disadvantaged middle school children. Rhodes hopes to expand the organization to Pennsylvania.
What is Matthew Rhodes' net worth?
The estimated net worth of Matthew Rhodes is at least $611,682.06 as of June 4th, 2020. Mr. Rhodes owns 15,468 shares of Essential Utilities stock worth more than $611,682 as of November 23rd. This net worth approximation does not reflect any other investments that Mr. Rhodes may own. Additionally, Mr. Rhodes receives a salary of $922,710.00 as EVP at Essential Utilities. Learn More about Matthew Rhodes' net worth.
How old is Matthew Rhodes?
Mr. Rhodes is currently 46 years old. There are 5 older executives and no younger executives at Essential Utilities. The oldest executive at Essential Utilities is Mr. Robert A. Rubin, Senior VP, Controller & Chief Accounting Officer, who is 61 years old. Learn More on Matthew Rhodes' age.
What is Matthew Rhodes' salary?
As the EVP of Essential Utilities, Inc., Mr. Rhodes earns $922,710.00 per year. There are 2 executives that earn more than Mr. Rhodes. The highest earning executive at Essential Utilities is Mr. Christopher H. Franklin, Chairman & CEO, who commands a salary of $2,440,000.00 per year. Learn More on Matthew Rhodes' salary.
How do I contact Matthew Rhodes?
Has Matthew Rhodes been buying or selling shares of Essential Utilities?
Matthew Rhodes has not been actively trading shares of Essential Utilities during the past quarter. Most recently, Matthew Rhodes sold 3,000 shares of the business's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $45.55, for a transaction totalling $136,650.00. Following the completion of the sale, the executive vice president now directly owns 15,468 shares of the company's stock, valued at $704,567.40. Learn More on Matthew Rhodes' trading history.
Who are Essential Utilities' active insiders?
Are insiders buying or selling shares of Essential Utilities?
During the last year, insiders at the sold shares 3 times. They sold a total of 9,930 shares worth more than $368,695.59. The most recent insider tranaction occured on July, 1st when CAO Robert A Rubin sold 2,342 shares worth more than $87,661.06. Insiders at Essential Utilities own 0.2% of the company.
Learn More about insider trades at Essential Utilities. Information on this page was last updated on 7/1/2024.
