01:35 PM EST, 02/27/2025 (MT Newswires) -- SJW Group ( SJW ) said Thursday that Eric Thornburg will retire as its chief executive and president on June 30, but will remain on its board as non-executive chair.

Succeeding Thornburg as CEO is Andrew Walters, who currently serves as SJW's chief financial officer, the company said, adding that it will name a new CFO to succeed Walters.

The role of president will be assumed by Bruce Hauk, who will also continue to serve as chief operating officer, the company added.

The new positions of Walters and Hauk will take effect July 1, according to the company.

SJW shares were down 3% in recent trading.

Price: 51.68, Change: -1.61, Percent Change: -3.02