Biography

Lee C. Stewart is a member of the board of directors for Essential Utilities, Inc. (NYSE: WTRG), one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5.5 million people across 10 states.

Stewart is a private financial consultant with more than 25 years of experience as an investment banker. He was vice president at Union Carbide Corporation from 1996 to 2001, where he was responsible for various treasury and finance functions, and from 2001 to 2002 was chief financial officer of Foamex International, Inc.

Stewart was a director of ITC Holdings Corp., a New York Stock Exchange-listed electricity transmission company, from 2005 to 2016 when ITC was acquired by Fortis. Stewart also served as a director of AEP Industries, Inc., a chemical company listed on the Toronto Stock Exchange, from 2000 until its sale in 2011, and Momentive Performance Materials Inc., a specialty chemical company in silicone and advanced materials, from May 2013 through its successful emergence from bankruptcy in October 2014. He has been director of P.H. Glatfelter, a New York Stock Exchange-listed global supplier of specialty papers and engineered materials, since 2002 and is also director of Mood Media, Inc.

Stewart graduated with a bachelor’s degree from the Wharton School of the University of Pennsylvania in 1971. He has significant experience with financial services, public-company accounting, strategic planning, operations, risk management and corporate governance.

Stewart is chair of the audit committee, chair of the executive committee and a member of the risk mitigation and investment policy committee of the board.