SAWS board approves raise for President, CEO Robert Puente

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SAWS board approves raise for President, CEO Robert Puente
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The base salary for CPS Energy President and CEO Robert Puente will increase from $516,381 annually to $593,838 per year effective June 14, board Chairwoman Jelynne LeBlanc Jamison said.

Credit:San Antonio Water System’s board of trustees unanimously approved a 15% pay raise for President and CEO Robert Puente on Tuesday, his first increase in nearly three years.

“We are looking at the market and making sure that our CEO is not falling behind the market in terms of competitiveness,” LeBlanc Jamison said. “At some point, Robert will move on, and I want to make sure that we are in the right position for future succession.” In April, Trustees commended Puente for implementing a new rate structure, maintaining an AA-plus bond rating and improving the water system’s resiliency by collaborating with CPS Energy to purchase backup generators for critical pumping stations in 2022.

In November, SAWS trustees approved the water utility’s largest-ever budget at $978.8 million, which included 10% raises for all SAWS employees while alsoIn 2021, SAWS created a compensation committee that introduced a deferred bonus system for Puente.

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