New Jersey Resources Appoints Stephen Westhoven President and Chief Operating Officer
September 10 2018 - 1:43PM
Business Wire
New Jersey Resources (NYSE:NJR) today announced the appointment
of Stephen Westhoven as president and chief operating officer (COO)
of NJR, effective October 1, 2018. Mr. Westhoven will continue to
report to chairman and chief executive officer (CEO) Laurence M.
Downes and will become a member of NJR’s board of directors.
In his role as president and COO, Mr. Westhoven will oversee
finance and technology in addition to his current responsibilities
leading NJR’s regulated and unregulated businesses, including New
Jersey Natural Gas, NJR Energy Services (NJRES) and NJR Clean
Energy Ventures (CEV). Mr. Downes will continue to serve as the
company’s chairman and CEO.
Mr. Westhoven was promoted to executive vice president and COO
of NJR on November 14, 2017. Prior to that, he served as senior
vice president and COO of NJRES and CEV from October 2016 to
November 2017, and senior vice president of NJRES from May 2010 to
September 2016. He joined the Company in 1990.
“Today’s announcement is the next step in our succession
planning process as we develop our leadership team for the
opportunities and challenges ahead,” said Laurence M. Downes,
chairman and CEO of New Jersey Resources. “Steve’s leadership and
contributions have been instrumental to the growth of our business.
On behalf of the board of directors, I congratulate Steve and look
forward to continuing our work together serving our customers,
growing our business and supporting our talented employees.”
A photo of Stephen Westhoven is available upon request.
About New Jersey
Resources
New Jersey Resources (NYSE:NJR) is a Fortune 1000 company
that, through its subsidiaries, provides safe and reliable natural
gas and clean energy services, including transportation,
distribution, asset management and home services. NJR is composed
of five primary businesses:
- New Jersey Natural Gas, NJR’s
principal subsidiary, operates and maintains over 7,400 miles of
natural gas transportation and distribution infrastructure to serve
over half a million customers in New Jersey’s Monmouth, Ocean and
parts of Morris, Middlesex and Burlington counties.
- NJR Clean Energy Ventures
invests in, owns and operates solar and onshore wind projects with
a total capacity of more than 335 megawatts, providing residential
and commercial customers with low-carbon solutions.
- NJR Energy Services manages a
diversified portfolio of natural gas transportation and storage
assets and provides physical natural gas services and customized
energy solutions to its customers across North America.
- NJR Midstream serves customers
from local distributors and producers to electric generators and
wholesale marketers through its 50 percent equity ownership in the
Steckman Ridge natural gas storage facility and its 20 percent
equity interest in the PennEast Pipeline Project.
- NJR Home Services provides
service contracts as well as heating, central air conditioning,
water heaters, standby generators, solar and other indoor and
outdoor comfort products to residential homes throughout New
Jersey.
NJR and its more than 1,000 employees are committed to helping
customers save energy and money by promoting conservation and
encouraging efficiency through Conserve to Preserve® and
initiatives such as The SAVEGREEN Project® and The Sunlight
Advantage®.
For more information about NJR:www.njresources.com.Follow us on
Twitter @NJNaturalGas.“Like” us on
facebook.com/NewJerseyNaturalGas.Download our free NJR investor
relations app for iPad, iPhone and Android.
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version on businesswire.com: https://www.businesswire.com/news/home/20180910005792/en/
New Jersey ResourcesInvestors:Dennis Puma,
732-938-1229dpuma@njresources.comorMedia:Michael Kinney,
732-938-1031mkinney@njresources.com
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