PSEG announced that Ralph LaRossa has been named president and chief executive officer effective today. As part of a planned leadership succession process, he also joins the boards of PSEG and PSE&G.
Ralph Izzo, who has served as president, chairman and CEO, now serves as executive chair of the PSEG board effective today until his last day on Dec. 31. LaRossa will assume the additional responsibilities of chair of the PSEG board on Jan. 1, 2023; he will also join the executive committee of the PSEG board at that time.
“I am incredibly honored to step into this role after working so closely with Ralph Izzo for so many years,” said LaRossa. “As CEO for 15 years, Ralph Izzo has had a significant impact on not only the performance and culture of PSEG, but also on the business and energy landscape across New Jersey and nationally.”
Izzo commented, “It has been a privilege to serve as CEO for the last 15 years, driving toward a sustainable energy future that is cleaner and more reliable than ever. For almost 20 years, Ralph LaRossa and I have worked side-by-side building out PSEG’s vision. I am proud of the accomplishments our 12,500 strong workforce has made, and I look forward to what PSEG will accomplish in the years to come.”
For over three decades, LaRossa held leadership roles overseeing all of the operating businesses of PSEG, including: Public Service Electric & Gas (PSE&G); PSEG Power; PSEG Long Island; and PSEG Services Corp. functions, including information technology and cyber and physical security.
LaRossa takes the helm of the company at a pivotal time, as PSEG, New Jersey and the nation look to pursue significant energy and climate programs to help people and communities thrive in a challenging environment.
LaRossa remarked, “Our vision is clear: to power a future where people use less energy, and it’s cleaner, safer and delivered more reliably than ever. With the near-term threat of disruptive severe weather and the long-term risks of climate change, we’ve been incorporating sustainability, adaptation and decarbonization into our strategic decision making process.
“Combined with our relentless focus on the safety of our employees, customers and communities, a strengthened infrastructure, as well as a strong, diverse talent pipeline, PSEG is well positioned for the future,” LaRossa continued.
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