Middlesex Water Management
Management criteria checks 2/4
Middlesex Water's CEO is Nadine Duchemin-Leslie, appointed in Mar 2024, has a tenure of 1.83 years. total yearly compensation is $1.79M, comprised of 32% salary and 68% bonuses, including company stock and options. directly owns 0.063% of the company’s shares, worth $575.81K. The average tenure of the management team and the board of directors is 2 years and 9.9 years respectively.
Key information
Nadine Duchemin-Leslie
Chief executive officer
US$1.8m
Total compensation
| CEO salary percentage | 32.05% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.06% |
| Management average tenure | 2yrs |
| Board average tenure | 9.9yrs |
Recent management updates
Recent updates
Slowing Rates Of Return At Middlesex Water (NASDAQ:MSEX) Leave Little Room For Excitement
Nov 20
Middlesex Water's (NASDAQ:MSEX) Upcoming Dividend Will Be Larger Than Last Year's
Nov 03Middlesex Water: A Very Split Thesis, But With Upside
Oct 18Middlesex Water Company's (NASDAQ:MSEX) Popularity With Investors Is Under Threat From Overpricing
Oct 10At US$56.25, Is Middlesex Water Company (NASDAQ:MSEX) Worth Looking At Closely?
May 14Middlesex Water: Overvalued Amid High Interest Rates
Apr 01What Middlesex Water Company's (NASDAQ:MSEX) 27% Share Price Gain Is Not Telling You
Mar 30Middlesex Water (NASDAQ:MSEX) Has Announced A Dividend Of $0.34
Feb 04Middlesex Water: This Dividend King Is Not Worth Your Time
Dec 19At US$62.61, Is Middlesex Water Company (NASDAQ:MSEX) Worth Looking At Closely?
Dec 04Middlesex Water (NASDAQ:MSEX) Is Increasing Its Dividend To $0.34
Oct 29Here's Why Middlesex Water (NASDAQ:MSEX) Has A Meaningful Debt Burden
Oct 08Middlesex Water Company (NASDAQ:MSEX) Stock Rockets 27% As Investors Are Less Pessimistic Than Expected
Aug 03There Are Reasons To Feel Uneasy About Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Jul 29Subdued Growth No Barrier To Middlesex Water Company's (NASDAQ:MSEX) Price
Dec 26Be Wary Of Middlesex Water (NASDAQ:MSEX) And Its Returns On Capital
Dec 05Middlesex Water (NASDAQ:MSEX) Has Announced That It Will Be Increasing Its Dividend To $0.325
Oct 26Middlesex Water (NASDAQ:MSEX) Takes On Some Risk With Its Use Of Debt
Oct 10Some Investors May Be Worried About Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Aug 22These 4 Measures Indicate That Middlesex Water (NASDAQ:MSEX) Is Using Debt Extensively
May 27Returns On Capital At Middlesex Water (NASDAQ:MSEX) Have Hit The Brakes
May 10With EPS Growth And More, Middlesex Water (NASDAQ:MSEX) Makes An Interesting Case
Mar 12Is Middlesex Water (NASDAQ:MSEX) A Risky Investment?
Jan 26Investors Could Be Concerned With Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Dec 19With EPS Growth And More, Middlesex Water (NASDAQ:MSEX) Makes An Interesting Case
Dec 03Is Middlesex Water (NASDAQ:MSEX) A Risky Investment?
Oct 16Middlesex Water unit gets contract to manage Avalon water, sewer utility
Aug 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | US$43m |
| Jun 30 2025 | n/a | n/a | US$43m |
| Mar 31 2025 | n/a | n/a | US$43m |
| Dec 31 2024 | US$2m | US$574k | US$44m |
Compensation vs Market: Nadine's total compensation ($USD1.79M) is below average for companies of similar size in the US market ($USD3.49M).
Compensation vs Earnings: Insufficient data to compare Nadine's compensation with company performance.
CEO
Nadine Duchemin-Leslie (62 yo)
Ms. Nadine M. Duchemin-Leslie was Independent Director of Syensqo SA/NV from December 2023 to July 2025. Ms. Duchemin-Leslie is President and Chief Executive Officer of Middlesex Water Company from March 0...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.8yrs | US$1.79m | 0.063% $ 575.8k | |
| CFO, Senior VP & Treasuer | 1.6yrs | US$868.19k | 0.024% $ 224.7k | |
| VP of Information Technology & CTO | 3.8yrs | US$407.67k | 0.028% $ 256.7k | |
| VP, General Counsel & Secretary | 11.8yrs | US$516.00k | 0.029% $ 270.1k | |
| President of New Jersey Operations | less than a year | US$476.55k | 0.036% $ 329.1k | |
| VP & COO | 1.1yrs | no data | 0.0072% $ 66.0k | |
| Corporate Controller & Principal Accounting Officer | 17yrs | no data | 0.011% $ 105.2k | |
| Vice President of Human Resources | 13.8yrs | US$371.74k | 0.048% $ 442.7k | |
| Vice President of Communications & Corporate Affairs | less than a year | no data | no data | |
| President of Delaware Operations | 2.1yrs | no data | no data |
Experienced Management: MSEX's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.8yrs | US$1.79m | 0.063% $ 575.8k | |
| Independent Director | 4.5yrs | US$81.75k | 0.015% $ 135.2k | |
| Independent Director | 24yrs | US$97.50k | 0.035% $ 318.8k | |
| Director | no data | no data | no data | |
| Independent Director | 16.4yrs | US$96.75k | 0.055% $ 503.4k | |
| Independent Director | 6.8yrs | US$85.50k | 0.023% $ 207.4k | |
| Independent Director | 5.1yrs | US$78.00k | 0.32% $ 3.0m | |
| Lead Independent Director | 16yrs | US$89.50k | 0.061% $ 562.3k | |
| Independent Director | 16yrs | US$86.00k | 0.059% $ 547.3k | |
| Independent Director | 13yrs | US$84.25k | 0.026% $ 238.6k |
Experienced Board: MSEX's board of directors are considered experienced (9.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/06 08:56 |
| End of Day Share Price | 2026/01/06 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Middlesex Water Company is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Kallo | Baird |
| Davis Sunderland | Baird |
| Ross Fowler | BofA Global Research |