New Jersey Resources Corporation (NJR)

48.77 +0.21 (+0.43%) At close: 04:00PM EST

New Jersey Resources Corporation

1415 Wyckoff Road
Wall, NJ 07719
United States
732 938 1000
https://www.njresources.com

Sector(s): Utilities
Industry: Utilities—Regulated Gas
Full Time Employees: 1,200

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Stephen D. Westhoven	Pres, CEO & Director	2.18M	N/A	1968
Mr. Patrick J. Migliaccio	Sr. VP & COO of New Jersey Natural Gas	849.6k	N/A	1974
Ms. Amy Cradic	Sr. VP and COO of Non-Utility Bus.es, Strategy & External Affairs	689.55k	N/A	1972
Mr. Roberto F. Bel	Sr. VP and CFO	N/A	N/A	1973
Ms. Jacqueline K. Shea	VP & Chief Information Officer	N/A	N/A	1964
Mr. Richard Reich	Sr. VP & Gen. Counsel	N/A	N/A	1975
Mr. David Johnson	VP of Corp. Bus. Devel.	N/A	N/A	1969
Mr. Glenn C. Lockwood	Exec. VP	N/A	N/A	1961
Mr. Thomas J. Massaro Jr.	SVP of NJR Retail & Pres of NJR Home Services	N/A	N/A	1966
Mr. Mark G. Kahrer	Sr. VP of Regulatory Affairs, Marketing & Energy Efficiency - New Jersey Nat. Gas	N/A	N/A	1963

Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 564,000 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar projects situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas storage and transportation contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.

Corporate Governance

New Jersey Resources Corporation’s ISS Governance QualityScore as of October 1, 2022 is 1. The pillar scores are Audit: 2; Board: 1; Shareholder Rights: 6; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.