San Antonio Water System Welcomes New Chief Financial Officer
Cecilia Velasquez has been officially appointed as the new Senior Vice President and Chief Financial Officer (CFO) of the San Antonio Water System (SAWS), marking a significant milestone for the organization’s financial leadership. This move positions Velasquez at the helm of financial operations for one of Texas’s largest water utilities, a role that directly impacts the organization’s ongoing fiscal stability and strategic direction.
A New Era for Financial Operations at SAWS
The focus on financial operations is paramount for SAWS as it continues to maintain its exceptional bond ratings and robust fiscal health. Velasquez steps into this critical position following the retirement of Doug Evanson, who spent two decades guiding the utility to new heights in financial management. Her appointment is expected to further solidify SAWS’s reputation for operational excellence and prudent financial stewardship.
In her new capacity, Velasquez will not only oversee all financial operations but also continue her leadership in Customer Service and Strategic Initiatives. Her hands-on approach and broad expertise are set to ensure SAWS remains a model of efficiency and accountability in the utility sector.
Distinguished Career and Proven Leadership
Velasquez’s journey at SAWS began as an internal auditor, quickly establishing her reputation for attention to detail and a deep understanding of both financial and audit functions. She advanced through the ranks, becoming a manager within the Audit department before moving to the Finance team, where she took on the challenging task of managing financial reporting and a budget exceeding $1 billion.
Her commitment to financial operations was instrumental during the SAWS Rate Advisory Committee process. Velasquez played a key role in presenting the four-year rates proposal to the Board of Trustees, which was met with unanimous approval. This accomplishment highlighted her strategic mindset and ability to communicate complex financial information effectively to stakeholders.
Leading with Innovation and Customer Focus
Beyond her financial expertise, Velasquez has championed customer service initiatives, most notably overseeing the successful rollout of the SAWS ConnectH2O electronic meter program. Under her guidance, the project was completed a full year ahead of schedule thanks to innovative installation efficiencies, earning SAWS the prestigious IDC Smart Cities 2025 North America Award.
Her leadership has ensured that financial operations are closely aligned with customer service excellence, a balance that supports both regulatory requirements and public trust. Velasquez’s approach reflects a deep commitment to operational effectiveness and ongoing improvement in SAWS’s core services.
Academic and Professional Excellence
A Certified Public Accountant, Velasquez holds bachelor’s and master’s degrees in business administration and accounting from The University of Texas at Austin. Prior to joining SAWS in 2010, she gained valuable experience in internal audit and IT auditing at her alma mater, further sharpening her skills in financial oversight and risk management.
Her leadership qualities have been widely recognized, including being named a 2022 San Antonio Business Journal 40 Under 40 honoree and a graduate of Leadership San Antonio (LSA). These accolades underscore her dedication to both professional growth and community engagement.
Diversity and Forward-Looking Leadership
SAWS President and CEO Robert R. Puente emphasized the importance of Velasquez’s promotion in the context of a rapidly changing workforce. “With the promotion of Cecilia to CFO, I’m very proud that San Antonio Water System is prepared for the future with two young, minority women leaders in key roles,” Puente stated. Velasquez will collaborate closely with Chief Operating Officer Andrea Beymer, who brings nearly 30 years of experience to the organization, ensuring a diverse and dynamic leadership team.
Looking Ahead: Financial Operations in Focus
As SAWS continues to adapt to the evolving needs of the San Antonio community, the importance of strong financial operations cannot be overstated. Velasquez’s appointment is expected to drive further innovation and stability across the organization’s operations. Her vision and expertise position SAWS to navigate emerging challenges while maintaining its commitment to financial integrity and public service.
With her at the financial helm, the San Antonio Water System is well-equipped to sustain its growth and deliver reliable, high-quality services to its customers for years to come.
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