Nashua mayor's term on Pennichuck board comes to an end
NASHUA — Mayor Donnalee Lozeau, who has sat on the board of directors for Pennichuck Corp. since the city acquired the company two years ago, is stepping down.
Under a previous agreement, Lozeau was allowed to serve on the board for the first two years of the acquisition; the company’s bylaws do not permit her to seek reelection.
Pennichuck Board Chairman Thomas J. Leonard said James P. Dore is being recommended to fill Lozeau’s seat. Dore has been the chief financial officer for Marlborough Software Development Holdings Inc. since March 2012, and previously served as the chief financial officer for Bitstream Inc. for nine years.
“Mr. Dore has experience in both publicly traded and privately held companies,” said Leonard, adding Dore is a certified public accountant with a degree from Clarkson University.
He has also worked as a corporate controller and chief financial officer for Celebrity Solutions, Inc.
This week, the aldermanic Pennichuck Water Special Committee voted in support of Dore’s three-year appointment to the Pennichuck Board of Directors.
Alderman-at-Large Dan Moriarty said he was impressed with Dore, his resume and his recent interview.
“He was clearly prepared,” said Leonard.
The full Board of Aldermen will vote on the matter next.
Dore’s appointment is expected to become official at Pennichuck’s upcoming annual meeting of the shareholder on May 10.
Three other incumbents being recommended for reappointments to the 10-member board include: Elizabeth Dunn, a former assistant attorney general for New Hampshire; Paul Indeglia, director of engineering for Normandeau Associates; and James McMahon, utilities asset management leader with the management consulting division of Black and Veatch.
Nashua acquired the private water company for $150.6 million dollars in January 2012.
Pennichuck Corporation’s annual meeting of the sole shareholder, or the City of Nashua, will take place at May 10 at 8:30 a.m. at the Courtyard by Marriott, 2200 Southwood Drive.