SJW Group Announces Retirement of President and Chief Executive Officer; New President and Chief Executive Officer Named

SAN JOSE, Calif.–(BUSINESS WIRE)–SJW Group (NYSE: SJW) today announced that W. Richard Roth will retire
as President and Chief Executive Officer of SJW Group on November 5,
2017. The Board of Directors (the “Board”) has appointed Eric W.
Thornburg as the new President and Chief Executive Officer and a member
of the Board beginning November 6, 2017. Mr. Roth will serve as Chief
Executive Emeritus until December 31, 2017, to ensure a seamless
transition and will remain the Chairman of the Board until the next
annual meeting of stockholders. The company anticipates appointing Mr.
Thornburg as Chairman of the Board following such meeting.

For more than 25 years, Mr. Roth has held management positions at SJW
Group, including serving as its President and Chief Executive Officer
for over 20 years. During his tenure and as a result of his leadership,
SJW Group experienced tremendous growth and prosperity. Mr. Roth played
an instrumental role in developing two outstanding regional water
utilities in economically vibrant and growing regions with successful
strategic planning and capital improvements.

“We are grateful for Rich’s service and dedication to SJW Group. On
behalf of everyone at SJW Group, we would like to extend our deep
appreciation for his work and leadership,” said Robert A. Van Valer, the
Board’s Lead Independent Director.

“It has been extremely rewarding and a distinct privilege to work with
the talented and dedicated employees at every level of the SJW
organization. Their integrity, professionalism, and customer first focus
has made SJW the respected and successful company it is today. I look
forward to working with Eric to ensure a smooth transition and the
continued success of the company,” said Mr. Roth.

Mr. Thornburg, a well-recognized leader and veteran in the water utility
industry, has served for the last 10 years as the President and Chief
Executive Officer of Connecticut Water Service, Inc. Mr. Thornburg also
served as President of Missouri-American Water, a subsidiary of American
Water Works Corporation from 2000 to 2004. Prior to that, he served as
Central Region Vice President-External Affairs for American Water Works
Corporation.

“We are very excited that Eric has agreed to join SJW Group and lead the
company. We believe that Eric’s considerable management experience and
extensive knowledge of the water business, combined with SJW Group’s
superb utility platforms and outstanding staff, will be an excellent
formula for the continued growth and success of the company,” said Mr.
Van Valer.

SJW Group is a publicly traded holding company headquartered in San
Jose, California. SJW Group is the parent company of San Jose Water
Company, SJWTX, Inc., Texas Water Alliance Limited, and SJW Land
Company. Together, San Jose Water Company and SJWTX, Inc. provide water
service to more than one million people in San Jose, California and
nearby communities and in Canyon Lake, Texas and nearby communities. SJW
Land Company owns and operates commercial real estate investments.

This press release may contain forward-looking statements based on
SJW Group’s current expectations. These forward-looking statements
include, without limitation, statements regarding the appointment of the
president and chief executive officer and management transition.
Forward-looking statements involve risks and uncertainties that may
cause actual results to differ materially from those contained in the
forward-looking statements. These factors include, without limitation,
changes to the regulatory environment; adjustment by the regulatory
agency of recovery of regulatory assets; changes in water supply, water
supply costs or the mix of water supply; fluctuations in customer demand
due to seasonality, restrictions of use, weather, and lifestyle and
other risk factors disclosed in SJW Group’s SEC filings, and in
particular, the risk factors described in the Company’s Annual Report on
Form 10-K and most recent Quarterly Report on Form 10-Q. SJW Group
assumes no obligation to update the forward-looking information
contained in this press release.

Contacts

SJW Group
Suzy Papazian, 408-279-7961
General Counsel and
Corporate Secretary