New Jersey Resources Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Steve Westhoven (54 yo)

4.25yrs

Tenure

US$4,783,459

Compensation

Mr. Stephen D. Westhoven, also known as Steve, is Chief Executive Officer and President of New Jersey Resources Corporation since October 1, 2019 and October 1, 2018 respectively and has been its Director...


CEO Compensation Analysis

How has Steve Westhoven's remuneration changed compared to New Jersey Resources's earnings?
DateTotal Comp.SalaryCompany Earnings
Sep 30 2022n/an/a

US$275m

Jun 30 2022n/an/a

US$219m

Mar 31 2022n/an/a

US$94m

Dec 31 2021n/an/a

US$148m

Sep 30 2021US$5mUS$809k

US$118m

Jun 30 2021n/an/a

US$152m

Mar 31 2021n/an/a

US$244m

Dec 31 2020n/an/a

US$168m

Sep 30 2020US$4mUS$756k

US$163m

Jun 30 2020n/an/a

US$148m

Mar 31 2020n/an/a

US$159m

Dec 31 2019n/an/a

US$159m

Sep 30 2019US$3mUS$502k

US$124m

Jun 30 2019n/an/a

US$135m

Mar 31 2019n/an/a

US$129m

Dec 31 2018n/an/a

US$196m

Sep 30 2018US$2mUS$419k

US$233m

Jun 30 2018n/an/a

US$213m

Mar 31 2018n/an/a

US$246m

Dec 31 2017n/an/a

US$221m

Sep 30 2017US$1mUS$363k

US$132m

Jun 30 2017n/an/a

US$194m

Mar 31 2017n/an/a

US$158m

Dec 31 2016n/an/a

US$116m

Sep 30 2016US$2mUS$325k

US$132m

Compensation vs Market: Steve's total compensation ($USD4.78M) is below average for companies of similar size in the US market ($USD8.36M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Westhoven
President4.17yrsUS$4.78m0.19%
$ 9.2m
Patrick Migliaccio
Senior VP & COO of New Jersey Natural Gas0.92yrUS$1.53m0.026%
$ 1.3m
Amy Cradic
Senior VP and COO of Non-Utility Businesses2.75yrsUS$1.11m0.0073%
$ 349.6k
Roberto Bel
Senior VP and CFO0.92yrno data0.019%
$ 885.3k
Jacqueline Shea
VP & Chief Information Officer6.5yrsno data0.025%
$ 1.2m
Richard Reich
Senior VP & General Counsel1.58yrsno data0.019%
$ 925.5k
David Johnson
Vice President of Corporate Business Development2.75yrsno datano data
Lori DelGiudice
Senior Vice President of Human Resources0.083yrno datano data
Glenn Lockwood
Executive Vice President26.92yrsUS$1.44mno data
Thomas Massaro
SVP of NJR Retail & President of NJR Home Services16.25yrsno datano data
Mark Kahrer
Senior Vice President of Regulatory Affairs1.25yrsno datano data
Daniel Sergott
Treasurer0.92yrno datano data

2.2yrs

Average Tenure

53.5yo

Average Age

Experienced Management: NJR's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Westhoven
President4.25yrsUS$4.78m0.19%
$ 9.2m
David Trice
Independent Director18.75yrsUS$218.06k0.015%
$ 732.7k
Donald Correll
Independent Chairman14.58yrsUS$303.06k0.0082%
$ 390.3k
James DeGraffenreidt
Independent Director3.08yrsUS$210.06k0.012%
$ 555.8k
George Zoffinger
Independent Director26.92yrsUS$230.98k0.0065%
$ 309.5k
Robert Evans
Independent Director13.25yrsUS$216.06k0.041%
$ 2.0m
Thomas O'Connor
Independent Director5.58yrsUS$222.31k0.0033%
$ 156.9k
Sharon Taylor
Independent Director10.08yrsUS$248.35k0.017%
$ 824.6k
M. Hardwick
Independent Director2.25yrsUS$207.06k0.0033%
$ 158.3k
Michael O'Sullivan
Director0.17yrno datano data
Jane Kenny
Independent Director16.25yrsUS$223.06k0.024%
$ 1.1m
Gregory Aliff
Independent Director3.58yrsUS$222.06k0.0033%
$ 156.9k

7.8yrs

Average Tenure

68.5yo

Average Age

Experienced Board: NJR's board of directors are considered experienced (7.8 years average tenure).