Global Water Resources Appoints Christa Steele to Board of Directors

PHOENIX, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has appointed Christa Steele to its board of directors, effective January 1, 2026. She succeeds Debra G. Coy who, as previously announced, will resign from the board at the end of the year to dedicate time to family and pursue other interests. Following the appointment of Steele and the resignation of Coy, the board will continue to be comprised of seven directors, with four serving as independent directors.

Steele brings to Global Water more than two decades of leadership experience as a CEO, executive, and board member across public and private organizations. Her expertise encompasses regulatory navigation, digital transformation, financial oversight, growth strategy development, and mergers and acquisitions.

Steele most recently served as interim CEO of BALCO Holdings, parent company of Bay Alarm, Bay Alarm Medical and BALCO Properties, with 1,200 employees and revenues of approximately $300 million.

Prior to that, she served as president and CEO of Mechanics Bank until it was acquired by a subsidiary of Ford Financial Fund. During her tenure at Mechanics Bank, core earnings improved and the stock price doubled.

“Christa brings to our board extensive experience as a strategic, operations-focused leader who has served on the boards of a diverse group of industry-leading companies,” said Ron Fleming, chairman, president and CEO of Global Water. “Her outstanding executive and board experience aligns with our company’s goal of leading the industry in water resource management, customer service, and innovative water recycling technologies.”

Steele currently serves on the board of directors of Deep Isolation Nuclear, a leading innovator in nuclear waste disposal technology, and Tanimura & Antle, one of the largest independent vegetable growers in the U.S. She currently serves as audit committee chair and on several other board committees at The Doctors Company, the nation's largest physician-owned medical malpractice insurer.

“As a Scottsdale resident, I am honored to join Global Water as Arizona experiences significant growth amid the challenge of water scarcity,” commented Steele. “The company’s market leadership in utility consolidation, automation and water resource management, as well as its legacy of service and commitment to Arizona’s communities makes it well suited for this challenge. I look forward to working with my fellow directors to guide the company’s continued growth and success as it seeks to expand in major metro growth corridors around Phoenix and Tucson, Arizona.”