BRYN MAWR, Pa.–(BUSINESS THREAD)–Essential Utilities has announced that Jim Barbato has been appointed to the new role of Vice President of Financial Planning and Analysis from his previous position as Vice President of Corporate Engineering. In his new role, Barbato will report to the CFO and assume responsibility for all financial planning and analysis functions, including overall management and execution of the multi-year budgeting and financial planning process, forecasting and informed decision making in data to help the company. achieve its strategic objectives. He will retain responsibility for the corporation’s overall capital budget.
Essential CFO Dan Schuller said, “Investment in infrastructure is key to our ability to achieve our mission at Essential. Having an analytical and business-minded engineering professional with extensive experience in planning of capital is a real asset to this position and makes Jim a perfect fit for this role at Essential.”
Barbato joined the company in 2007 and has held various engineering roles at Aqua’s subsidiaries in New Jersey, Virginia and North Carolina during the early years of his career. Barbato managed many engineering activities at Aqua’s subsidiaries and has delivered major capital projects to meet the company’s infrastructure requirements.
Barbato subsequently held the positions of director, corporate engineering and vice president of corporate engineering before being named director of engineering for Essential’s water and gas segments. For these roles, Barbato managed shared services across the Aqua footprint, including our registry database, GIS, hydraulics and water quality modeling group, energy management and automation standards. He has extensive experience in developing capital budgets, implementing capital plans and providing expert testimony for rate cases.
Prior to joining Aqua, Barbato was a project manager for Valero Refining Company, completing a wide range of water, wastewater and petrochemical projects ranging from $5 million to $400 million in capital expenditures.
Barbato earned his BA in 1999 from Drexel University and an MBA in 2002 from the University of Delaware and remains active in the American Water Works Association (AWWA), the National Association of Water Utilities (NAWC) and the American Gas Association (AGA).