New Jersey Resources Announces Promotions
November 14 2017 - 01:08PM
Business Wire
Stephen Westhoven Named Executive Vice
President and Chief Operating Officer
New Jersey Resources (NYSE:NJR) today named Stephen Westhoven
executive vice president and chief operating officer (COO).
In this role Mr. Westhoven reports to Chairman and CEO Laurence
M. Downes, and will be responsible for providing operational
leadership and management to NJR’s regulated and unregulated
businesses, including New Jersey Natural Gas (NJNG), NJR Energy
Services (NJRES), NJR Clean Energy Ventures (NJRCEV) and NJR Home
Services (NJRHS).
Throughout his nearly three decades at NJR, Mr. Westhoven has
held key leadership positions and assumed progressive
responsibilities culminating in today’s appointment to COO. He
began his career in 1990 as an engineer at NJNG. After serving as
vice president at NJRES, where he successfully advanced the
company’s wholesale energy strategy and expanded its footprint
across the United States and Canada, he was named senior vice
president and COO of NJR’s unregulated businesses, NJRES, NJRCEV
and NJRHS.
“As an energy infrastructure and services company focused on
natural gas, clean energy and energy efficiency, New Jersey
Resources is strategically positioned to meet the needs of our
customers and the expectations of our shareowners,” said Laurence
M. Downes, chairman and CEO of New Jersey Resources. “With his
extensive industry experience, Steve possesses the insights,
understanding and proven abilities that will serve him well as COO.
We have a strong leadership team that will continue to build on our
solid foundation to deliver performance.”
Additionally, Mark Valori was named vice president of NJRCEV,
and Dave Johnson was named vice president of NJRES, effective
immediately. 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.
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.
“Both Mark and Dave are valuable members of our team,” Downes
said. “Their contributions have been, and will continue to be,
instrumental to the growth of our business and establishing NJR as
a leader in the wholesale and renewable energy marketplace.”
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 primary businesses:
- New Jersey Natural Gas, NJR’s
principal subsidiary, operates and maintains over 7,300 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 300 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 stake in
Dominion Midstream Partners, L.P., as well as 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:
Visit 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171114006505/en/
New Jersey ResourcesInvestors:Dennis Puma,
732-938-1229dpuma@njresources.comorMediaMichael Kinney,
732-938-1031mkinney@njresources.com
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