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New Jersey Resources Corp (NJR.N)

NJR.N on New York Stock Exchange

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22 Jun 2018
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Summary

Name Age Since Current Position

Laurence Downes

60 1996 Chairman of the Board, President, Chief Executive Officer

Patrick Migliaccio

43 2016 Chief Financial Officer, Senior Vice President

Stephen Westhoven

49 2017 Chief Operating Officer, Executive Vice President

Amanda Mullan

51 2017 Chief Human Resource Officer, Senior Vice President

Kathleen Ellis

64 2016 Executive Vice President - Policy and Strategic Development

Nancy Washington

53 2017 Senior Vice President, General Counsel

Jacqueline Shea

53 2016 Chief Information Officer, Vice President

Amy Cradic

2018 Vice President - Government Affairs and Policy

Dave Johnson

2017 Vice President - NJRES

Mark Valori

2017 Vice President - NJRCEV

Donald Correll

67 2018 Lead Independent Director

Maureen Borkowski

60 2017 Independent Director

Robert Evans

69 2009 Independent Director

M. William Howard

71 2005 Independent Director

Jane Kenny

66 2006 Independent Director

Thomas O'Connor

61 2017 Independent Director

J. Terry Strange

73 2003 Independent Director

Sharon Taylor

63 2012 Independent Director

David Trice

69 2004 Independent Director

George Zoffinger

69 1996 Independent Director

Biographies

Name Description

Laurence Downes

Mr. Laurence M. Downes serves as Chairman of the Board, President, Chief Executive Officer of the Company. He also works with Questar Corporation (NYSE: STR) (2010 - September 2016) and Energen Corporation (NYSE: EGN) (May 2017 – Present). He has been Chairman of the Board of the Company since September 1996 and President and Chief Executive Officer since July 1995; Director and past Chairman, American Gas Association; Trustee, American Gas Foundation; Member, Board of Directors of New Jersey Economic Development Authority; Chairman, John J. Heldrich Center for Workforce Development’s National Advisory Board; Member, National Petroleum Council.

Patrick Migliaccio

Mr. Patrick J. Migliaccio serves as Chief Financial Officer, Senior Vice President of the Company. He served as Vice President - Finance & Accounting of New Jersey Resources Corporation. Mr. Migliaccio will be responsible for the leadership and management of all the Company’s financial-related functions, including finance, accounting, tax, treasury, risk management and investor relations. Mr. Migliaccio joined NJR as Controller of Unregulated Operations in April 2009. He was named Corporate Controller in January 2012 and Treasurer in August 2013. An accomplished manager and accounting expert, he has over 17 years of experience in the energy industry. Prior to NJR, he worked for Public Service Enterprise Group and NRG Energy, as well as other leading energy companies in New Jersey. A cum laude graduate of Fairleigh Dickinson University, he holds a master’s degree in business administration and bachelor’s degree in finance.

Stephen Westhoven

Mr. Stephen D. Westhoven is Chief Operating Officer, Executive Vice President of New Jersey Resources Corporation. Mr. Westhoven joined NJNG in 1990 and for the past six years has been Senior Vice President, NJRES, where he is responsible for natural gas supply acquisitions, negotiating transportation agreements and the continued growth and development of the business. He previously served as Vice President, Energy Trading, NJRES. Mr. Westhoven has played a critical role in advancing NJR's successful wholesale energy services strategy over the past two decades.

Amanda Mullan

Ms. Amanda E. Mullan is Chief Human Resource Officer, Senior Vice President of the Company. Ms. Mullan will continue to lead and manage the Company's human resources and personnel functions. She joined NJR in 2015 after serving in executive leadership roles in the area of human resources for over 20 years. She was Senior Vice President of HR, N. America, Willis Group Holdings, a risk management and insurance intermediary (April 2012 - April 2015). She was Senior Vice President of HR, Dun & Bradstreet, a business services company (July 2009 - April 2012)

Kathleen Ellis

Ms. Kathleen T. Ellis serves as Executive Vice President - Policy and Strategic Development of the Company. Ms. Ellis joined NJR in 2004 and for the past eight years has been Executive Vice President and Chief Operating Officer, NJNG, where she is responsible for energy delivery, customer service, marketing, corporate communications, community relations, government relations and environmental policies and strategies. Before joining NJR, Ms. Ellis was Director of Communications for Governor James E. McGreevey. Prior to that, she served as Director of Government Relations and Communications for Public Service Electric and Gas. Ms. Ellis is a board member of Meridian Hospitals Corporation, New Jersey Future, PAM's List - New Jersey, Interfaith Neighbors, Inc. and co-chair of the New Jersey Climate Adaptation Alliance Advisory Committee at Rutgers' Bloustein School.

Nancy Washington

Ms. Nancy A. Washington serves as Senior Vice President, General Counsel of the company. Previously she was Senior Vice President and Chief Litigation Counsel, CIT Group Inc., a Livingston, NJ-based financial services firm (September 2010 - March 2017)

Jacqueline Shea

Ms. Jacqueline K. Shea serves as Chief Information Officer, Vice President of the Company. She joins NJR from Godiva Chocolatier, where she served as chief information officer, leading the company's global IT organization through the transformation of its IT functions, including infrastructure, security, e-commerce and business applications. Prior to joining Godiva, Ms. Shea served as senior vice president of information technology and chief information officer for Tommy Hilfiger North America, the global apparel and retail corporation. She is a graduate of the State University of New York at Albany, she holds a Bachelor of Arts degree in Political Science. She was Chief Information Officer, Godiva Chocolatier, a manufacturer of premium fine chocolates and related products (March 2011 - May 2016).

Amy Cradic

Ms. Amy Cradic is Vice President - Government Affairs and Policy of the Company. Before joining NJR, Ms. Cradic served as chief of staff in the Christie administration. In that role, she was the chief operating officer for the State of New Jersey and responsible for managing the governor's agenda, providing strategic direction for key priorities, including budgetary matters, policy and planning, communications and legislative and constituent relations, as well as working with the state legislature and members of Congress on government affairs. Prior to being named chief of staff, she served in the governor's office as deputy chief of staff and senior policy advisor. Ms. Cradic received her Bachelor of Arts degree in journalism from The College of New Jersey and a Master of Arts degree in mass communication from New York University. Formerly, she served as a delegate for the Center for U.S. Global Leadership, a gubernatorial appointee to the Mid-Atlantic Ocean Regional Planning Body and the Drumthwacket Foundation and as a member of the Natural Areas Council, Garden State Preservation Trust and Aquaculture Advisory Council.

Dave Johnson

Mr. Dave Johnson is Vice President - NJRES of the Company. Mr. Johnson joined NJRES in 2002, where he oversees the development of the wholesale marketing and deal origination business and has played a key role in building NJR's Midstream business.

Mark Valori

Mr. Mark Valori is a Vice President - NJRCEV of the Company. Mr. Valori joined NJRCEV in 2010 and is responsible for executing its business plan, including the engineering, construction and implementation of its commercial solar projects.

Donald Correll

Mr. Donald L. Correll is re-designated as Lead Independent Director of the Company effective January 24, 2018. He is currently serves as Independent Director of the company. He is hief Executive Officer and Co-Founder, Water Capital Partners LLC (formerly, KWP Capital LLC), a firm that invests in, advises and manages water and wastewater infrastructure assets and operations since January 2011. President and Chief Executive Officer and member of the Board of Directors of American Water Works, Inc., a New Jersey-based public water utility holding company, from April 2006 to August 2010; President and Chief Executive Officer and member of the Board of Directors of Pennichuck Corporation, a New Hampshire-based public water utility holding company, from 2003 to 2006; Chairman, President and Chief Executive Officer of United Water Resources, a public water services company from 1991 through 2001. From 2001 to 2003, served as an independent advisor to water service and investment firms on issues relating to marketing, acquisitions, and investments in the water services sector. Mr. Correll’s experience with utility companies, through his leadership of American Water Works and other water services companies, has given him an understanding of the regulatory and operational issues that we face. In his positions as a Chief Executive Officer and director of a public company and as a certified public accountant, he gained experience in financial policy and risk oversight that is essential to his position as a member of the Audit Committee. In these roles he also gained significant experience that is relevant to his position as the Lead Director of New Jersey Natural Gas Company (“NJNG”).

Maureen Borkowski

Ms. Maureen A. Borkowski serves as Independent Director of the company effective September 11, 2017. Ms. Borkowski was retired. Chairman and President of Ameren Transmission Company and Ameren Transmission Company of Illinois, subsidiaries of Ameren Corporation dedicated to electric transmission infrastructure investment, from August 2011 through April 2017. Vice President — Transmission of Ameren Services Company from 2005 to August 2011. President, Borkowski Enterprises, an energy consulting firm from 2000 to 2005. From 1981 to 2000, served in various roles at Ameren with responsibilities including power marketing, electric and natural gas transmission strategy and retail deregulation. Her background is an asset to the NJR Board, as well as the Board of Directors of New Jersey Natural Gas Company.

Robert Evans

Mr. Robert B. Evans is an Independent Director of the Company. He also works with Sprague Resources LP (NYSE: SRLP) (October 2013 – Present); Targa Resources Corp. (NYSE: TRGP) (March 2016 – Present) and ONE Gas, Inc. (NYSE: OGS) (2014 – Present). He is a Retired. President and Chief Executive Officer of Duke Energy Americas, a business unit of Duke Energy Corp., from 2004 to 2006; Transition executive for Energy Services, a business unit of Duke Energy Corp., during 2003; President of Duke Energy Gas Transmission from 1998 to 2002 and President and Chief Executive Officer from 2002 to 2003. Mr. Evans’ experience in senior leadership and board positions for other energy companies has positioned him to bring executive, corporate development, operational and financial experience and industry knowledge to his position as a member of the Board. His extensive executive experience with the natural gas transmission business and wholesale natural gas trading business of Duke Energy and Targa Resources Partners provides the Board with valuable knowledge of those aspects of the energy industry and has provided him with the experience and knowledge to serve as Lead Director of the joint Board of Directors of NJR Energy Services Company (“NJRES”) and NJR Energy Investments Corporation.

M. William Howard

Rev. M. William Howard, Jr. serves as Independent Director of New Jersey Resources Corporation. He was Retired. Pastor of Bethany Baptist Church, Newark, New Jersey, from 2000 to 2015; President, New York Theological Seminary from 1992 to 2000; President of the National Council of Churches from 1979 to 1981; Past Chairman and Member, Rutgers University Board of Governors from 2004 to 2014 and Director Emeritus, Choose New Jersey. Mr. Howard is an experienced local and national community leader with extensive familiarity with communities and contacts within and outside our service area. His work and experience in the public sector, including his experience leading religious institutions, bring unique and valuable perspectives and disciplines to the Board’s deliberations and decision-making processes, particularly with regard to issues of corporate citizenship and community relations, which are relevant to his position as Lead Director of the Board of Directors of NJR Clean Energy Ventures.

Jane Kenny

Ms. Jane M. Kenny is an Independent Director of the company. She is Co-owner and Managing Partner, The Whitman Strategy Group, LLC, a consulting firm specializing in governmental relations and environmental and energy issues, since January 2005; Regional Administrator of the Environmental Protection Agency, overseeing the federal agency’s work in New York, New Jersey, Puerto Rico and the Virgin Islands from November 2001 to December 2004; Commissioner of New Jersey Department of Community Affairs from May 1996 to November 2001; Chief of Policy to the Governor of New Jersey from 1994 to 1996. Ms. Kenny is currently a National Association of Corporate Directors (NACD) Governance Fellow. Ms. Kenny’s extensive public policy experience, especially with environmental, public policy, energy and government relations issues, based on her extensive regulatory and policy experience leading environmental initiatives as Administrator for Region 2 of the United States Environmental Protection Agency, and her service as a top advisor to three Governors of New Jersey, is essential for the Board of a company like ours that regularly faces such issues. That experience, as well as her firm’s active consulting practice on environmental, energy and public policy issues through which she is actively and presently engaged in cutting-edge issues in the field, has provided Ms. Kenny an understanding of the energy industry, which is important in assisting the Board in monitoring and evaluating our business.

Thomas O'Connor

Mr. Thomas C. O’Connor serves as Independent Director of the Company effective May 9, 2017. A veteran of the energy industry, Mr. O'Connor has held a range of senior leadership roles at DCP Midstream, DCP Midstream Partners and Duke Energy. From 2007 to 2013, Mr. O'Connor was chairman, president and chief executive officer of DCP Midstream, where he led one of the nation's premier midstream companies with over 60,000 miles of pipeline, more than 60 processing plants and operations in 17 states. He also served as chairman of DCP Midstream Partners, which owns a portfolio of integrated midstream assets. Before joining DCP Midstream, he spent more than two decades at Duke Energy. He began his career with Duke in 1987 and held positions of increasing responsibility. In 2002, Mr. O'Connor was named president of Duke Energy Gas Transmission. From 2005 to 2007, he served as group vice president of corporate strategy and integration; group executive and chief operations officer of U.S. franchised electric and gas; and group executive and president of commercial businesses for Duke Energy. A graduate of the University of Massachusetts Lowell, he received his bachelor's degree in biology cum laude and masters in environmental studies, and is a founding member of the school's College of Sciences board of advisors. He also completed the marketing management program at Stanford University and the advanced management program at Harvard University.

J. Terry Strange

Mr. J. Terry Strange serves as Independent Director of New Jersey Resources Corporation. He is a Retired. Vice Chair and Managing Partner of U.S. Audit Practice from 1996 to 2002 and Global Managing Partner of Audit Practice from 1998 to 2002, KPMG LLP, an independent accounting firm. Mr. Strange has extensive knowledge and experience with accounting practices, policies and rulemaking from his 34-year career at KPMG LLP, which is especially important in his role as Chairman of the Audit Committee and an audit committee financial expert. His significant experience working with companies in the energy sector, as well his experience as a director of a number of public companies, has provided him an understanding of the challenges and strategic alternatives available to public companies, financial policy and risk oversight. He worked with Newfield Exploration Company (NYSE: NFX) (2004 – Present); Group 1 Automotive, Inc. (NYSE: GPI) (2003 – Present); SLM Corp. (NASDAQ: SLM) (2008 – May 2013) and BBVA Compass Bancshares, Inc. (NYSE: BBVA) (2008 – Present).

Sharon Taylor

Ms. Sharon C. Taylor serves as Independent Director of New Jersey Resources Corporation. She is Retired. Senior Vice President, Human Resources, Prudential Financial, a global fortune 50 financial services company, from June 2002 to August 2017; Chair of The Prudential Foundation and The Prudential Investment Oversight Committee; Immediate Past Chair of Newark Alliance and Newark Regional Business Partnership; Director, Human Resources Policy Association; Director, Executive Leadership Council Foundation; Board of Visitors of Temple University. Ms. Taylor’s broad experience as a senior executive officer of one of the nation’s largest financial services companies, her service on the boards of several external organizations in key leadership roles and her extensive background and expertise in the areas of human resources, including executive compensation, employee benefits, talent and senior officer succession management, labor and employee relations, corporate social responsibility and impact investing, operations and systems, business continuation, risk management and privacy, provides the Board with an important perspective in the critical areas of human capital planning and management, succession and strategic planning, operational effectiveness and risk controls and privacy. Her extensive experience in the aforementioned areas provide her with an ideal background to serve as the Chair of NJR’s Leadership Development and Compensation Committee (the “LDCC”).

David Trice

Mr. David A. Trice, J.D., serves as Independent Director of New Jersey Resources Corporation. He also works with McDermott International, Inc. (NYSE: MDR) (May 2009 – Present); QEP Resources, Inc. (NYSE: QEP) (May 2011 – Present) and Select Energy Services, Inc. (NYSE: WTTR) (November 2017 – Present). He is a Retired. Chairman from September 2004 to May 2010, President and Chief Executive Officer from February 2000 to May 2009, President and Chief Operating Officer from 1999 to 2000 and Vice President — Finance and International from 1997 to 1999, Newfield Exploration Company, a public independent crude oil and natural gas exploration and production company; Director, Rockwater Energy Solutions, Inc., a private fluids and environmental solutions provider that provides a wide range of products and services to the oil and gas industry, from August 2012 to October 2017; Past Chairman, America’s Natural Gas Alliance, Inc. and the American Exploration and Production Council. A career with over 30 years of experience with energy companies such as Newfield Exploration Company has given Mr. Trice extensive knowledge of the energy industry, particularly natural gas, as well as other operational expertise, which is essential to our Board in understanding and evaluating our business. Mr. Trice also brings to our Board experience gained from holding senior leadership and board positions at public companies and industry groups that provides our Board with significant experience in risk oversight, financial policy, executive compensation and corporate governance matters, which are particularly relevant to his service on the LDCC and the NCGC. In addition, Mr. Trice’s extensive experience in the energy industry and his familiarity with the relevant issues provide the Board with a valuable perspective.

George Zoffinger

Mr. George R. Zoffinger serves as Independent Director of the Company. He works with Virgin Media, Inc. (NASDAQ: VMED) (2003 - June 2013) and Hightower Securities, LLC (May 2013 – Present). He has been President and Chief Executive Officer, Constellation Capital Corp., a financial services company, since December 2007; President and Chief Executive Officer, New Jersey Sports & Exposition Authority from March 2002 to December 2007; Chairman, New Brunswick Development Corporation, a not-for-profit urban real estate development company. Mr. Zoffinger’s leadership experience and work with public companies has provided him financial, corporate governance and real estate development expertise and experience with executive compensation issues, which are important to his roles as a member of the NCGC. In addition, he brings to the Board corporate development experience and knowledge gained from his leadership and board positions, including his tenure on the Board.