PSEG announced that Ralph LaRossa has been named president and CEO effective Sept. 1. As part of a planned leadership succession process, LaRossa also joins the boards of PSEG and PSE&G.
Ralph Izzo now serves as executive chair of the PSEG board effective Sept. 1, until his last day on Dec. 31. LaRossa will assume the additional responsibilities of chair of the board on Jan. 1, 2023, and he will also join the executive committee of the board at that time.
“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,” Izzo said. “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 the company, 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.
“I am incredibly honored to step into this role after working so closely with Ralph Izzo for so many years,” LaRossa said. “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.”
LaRossa’s track record and in-depth knowledge of PSEG and the industry enable him to take the helm of the company at a pivotal time, as PSEG, New Jersey and the United States look to pursue significant energy and climate programs to help customers and communities thrive in a challenging environment.
With its Powering Progress vision, PSEG is ready to meet the challenges and expectations of a changing world, as 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.
For more on Izzo’s legacy, please visit PSEG’s April 2022 announcement.
Public Service Enterprise Group (PSEG) is a predominantly regulated infrastructure company focused on a clean energy future. Guided by its Powering Progress vision, the company aims to power a future where people use less energy, and it’s cleaner, safer and delivered more reliably than ever.Tags: PSE&G, PSEG, Succession Planning