Business
Cadiz to Expand Executive Team in 2024
Executive Chair, Susan Kennedy, to Step into Full-time Role as CEO, Water-law Expert Scott Slater to continue Serving as Senior Advisor, and the Company to
About this update from Cadiz, Inc.
[{"type":"text","content":"Executive Chair, Susan Kennedy, to Step into Full-time Role as CEO, Water-law Expert Scott Slater to continue Serving as Senior Advisor, and the Company to Create Two New Executive Positions as Project Development Ramps Up\nLOS ANGELES, Dec. 7, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP, the \"Company\") is pleased to announce today that Susan Kennedy, Executive Chair of the Board of Directors, will step into a full-time role as the Company's Chief Executive Officer (\"CEO\") beginning January 1, 2024. Scott Slater, who has served as President and CEO of Cadiz since 2011, plans to continue to serve as a senior advisor to the Company. The Company also plans to create two new executive positions in 2024, one focused on development and operation of the Cadiz Water Supply and Storage Project and one focused on scaling the Company's wholly owned water filtration business, ATEC Water Systems, LLC.\n\n \n \n \n \n \n \n\n \n\"Cadiz is at a critical inflection point,\" Kennedy said. \"It's time to scale up our development and operational capabilities. These next two years will be about building out our water infrastructure assets, scaling deployment of our water filtration technology and exploring new commercial opportunities such as hydrogen.\"\n\"We're in a strong position,\" Scott Slater said. \"I'm proud of the milestones we've reached and looking forward to helping the company jump to the next level of development. I am particularly proud of what we've accomplished with the acquisition of pipeline and technology assets and am looking forward to seeing those assets monetized and scaled.\"\n\"Scott and Susan have done a remarkable job setting the company up for this moment,\" Winston Hickox, Cadiz' lead independent director said. \"Between Scott Slater's water law and industry expertise and Susan Kennedy's operational and political capabilities, the company is positioned to scale at a time when access to clean, reliable water around the world is becoming more challenging due to the impacts of climate change.\"\nScott Slater is a legendary water rights attorney with unmatched depth in some of the most complex and historic water transactions in United States' history. Slater was appointed President of Cadiz in 2011 and named CEO in 2013 while also maintaining his shareholder position at Brownstein, Hyatt, Farber, Schreck, ran...