NEWARK, N.J., Jan. 15, 2019 /PRNewswire/ -- Public Service
Enterprise Group (PSEG) today announced that Stuart J. Black, vice president and controller,
is retiring. The company named Rose
Chernick, vice president-finance, corporate strategy and
planning, as Black's successor, effective March 11. Black will help transition the role's
responsibilities to Chernick until his official retirement in
May.
The company also announced the promotion of Scott Jennings, vice president – finance,
PSE&G, to senior vice president - corporate planning, strategy
and utility finance, also effective March
11. He will continue to lead finance for PSE&G and PSEG
Long Island and assume additional responsibilities previously
assigned to Chernick, including corporate strategy and
planning.
Chernick and Jennings will continue to report to Dan Cregg, PSEG's executive vice president and
chief financial officer.
"Stuart's strong financial acumen and deep understanding of our
businesses have been invaluable to PSEG," Cregg said. "He has
played a key role ensuring the highest standards of disclosure for
the company's financial reporting to the SEC and our regulators. We
thank Stuart for his many contributions over the last 17 years and
wish him the best."
Black joined PSEG in 2002 as vice president – internal auditing
services for PSEG Services Corp. In 2010, he was named vice
president and assistant controller, PSEG Power, and, in
July 2014, was named PSEG's
controller.
"Rose and Scott are strategic leaders with established records
of success and will continue to contribute to PSEG's financial
strength," Cregg said. "Both have a deep and broad understanding of
the opportunities and challenges that are impacting the industry.
We congratulate them as they take on their new leadership positions
in our company."
Chernick has been in her current role since October 2015. She joined PSEG in 2004 as a
director in the accounting organization. In 2010, she was promoted
to vice president and has since held a variety of positions of
increasing responsibility. Chernick joined PSEG from NextEra Energy
Resources (formerly FPL Energy).
She holds bachelor's degrees in finance and accounting and a
master's degree in accounting, all from Florida Atlantic University.
Jennings has been with PSEG since 1998, when he joined the
corporate accounting group. He has held a variety of leadership
positions in finance, strategy and planning, business development,
and mergers and acquisitions. Prior to joining PSEG, he worked in
Deloitte's financial services and public utilities practice.
He holds a bachelor's degree in business administration and an
MBA in accounting from Pace
University.
Public Service Enterprise Group Inc. (PSEG) (NYSE: PEG) is a
publicly traded diversified energy company with approximately
13,000 employees. Headquartered in Newark, N.J., PSEG's principal operating
subsidiaries are: Public Service Electric and Gas Co. (PSE&G),
PSEG Power and PSEG Long Island. PSEG is a Fortune 500 company
included in the S&P 500 Index and has been named to the Dow
Jones Sustainability Index for North
America for 11 consecutive years (www.pseg.com).
Visit PSEG at:
www.pseg.com
PSEG on
Facebook
PSEG on Twitter
PSEG on
LinkedIn
PSEG blog, Energize!
From time to time, PSEG, PSE&G and PSEG Power release
important information via postings on their corporate website at
https://investor.pseg.com. Investors and other interested parties
are encouraged to visit the corporate website to review new
postings. The "Email Alerts" link at https://investor.pseg.com may
be used to enroll to receive automatic email alerts and/or Really
Simple Syndication (RSS) feeds regarding new postings.
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SOURCE PSEG