American Water Works said the Executive Development and Compensation Committee of its Board of Directors unanimously approved a Severance Agreement and General Release for Executive Vice President and Chief Human Resources Officer Melanie M. Kennedy on February 28, 2025.

1. 01

   American Water Works said the Executive Development and Compensation Committee of its Board of Directors unanimously approved a Severance Agreement and General Release for Executive Vice President and Chief Human Resources Officer Melanie M. Kennedy on February 28, 2025.

2. 02

   The company said Kennedy will receive a cash severance payment equal to 12 months of her current annual base salary of $487,953, minus deductions and withholdings, paid on the company's regular pay schedule under the Executive Severance Policy.

3. 03

   The company said Kennedy will also receive, apart from a prorated Annual Performance Plan award opportunity equal to 65% of her annual base salary prorated through her separation date of March 1, 2025, a supplemental cash payment of $300,000, minus deductions and withholdings.

4. 04

   Melanie Kennedy's severance terms include up to 16 weeks of company-paid COBRA healthcare continuation coverage and an extension of up to 8 months under the policy, the company said, in exchange for a general release and agreement to non-solicitation, non-disparagement and confidentiality covenants.

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