New Jersey American Water Board Member Anne Estabrook Inducted into NJ Business Hall of Fame

May 04, 2009, 14:01 ET from New Jersey American Water

CHERRY HILL, N.J., May 4 /PRNewswire/ -- Anne Evans Estabrook, CEO of Elberon Development Co. and a director on the board of New Jersey American Water, has been inducted into the New Jersey Business Hall of Fame. Estabrook received the honor, along with three other inductees, at a celebration on April 30 at The Mezzanine in Newark.

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Under the auspices of the New Jersey Business & Industry Association and its partners, Junior Achievement and the Star Ledger, the Hall of Fame selects business leaders for their "outstanding performances and accomplishments in their industries and for their commitment to improving the quality of life in New Jersey." At the induction ceremony, Estabrook and her fellow inductees were recognized for being role models and for inspiring the youth to reach their goals. Proceeds from the event are donated to Junior Achievement.

"It is important that New Jersey's leaders take the time to support and counsel our youth through education on financial literacy, work readiness, and entrepreneurship. That is why I so strongly support the mission of Junior Achievement," said Estabrook.

Now enjoying great success in real estate development with Elberon Development Co., Estabrook's Hall of Fame bona fides were earned in a career that has strong roots in the water utility business. In 1985, she became vice president of E-town Corporation and was appointed to chair the company in 1997. Three years later, Estabrook was instrumental in negotiating Elizabethtown's merger with Thames Water PLC, which was subsequently acquired by German utility company RWE, majority owner of American Water. In 2005, Estabrook joined the board of New Jersey American Water.

As CEO of her northern New Jersey-based, family-owned business, Estabrook oversees Elberon and its affiliated companies which together control approximately two million square feet of industrial and commercial space. She also serves as president of David O. Evans, Inc., a property management and construction company.

In addition to her work in the business sector, Estabrook has a strong commitment to public and community service. Last year, she was a frontrunner for a U.S. Senate seat in the 2008 New Jersey Republican primary before withdrawing for health reasons. Prior to her Senate run Estabrook had been appointed by Governor Corzine to The New Jersey Economic Growth Council and before that she was the first woman to serve as chair of the New Jersey State Chamber of Commerce.

Estabrook is a staunch supporter of education and serves on the board of numerous civic and charitable organizations.

New Jersey American Water, a wholly owned subsidiary of American Water (NYSE: AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 2.5 million people. Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15 million people in 32 states and Ontario, Canada.

SOURCE New Jersey American Water