New Jersey Resources Management
Management criteria checks 3/4
New Jersey Resources' CEO is Steve Westhoven, appointed in Oct 2018, has a tenure of 5.5 years. total yearly compensation is $5.79M, comprised of 16.2% salary and 83.8% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth $9.50M. The average tenure of the management team and the board of directors is 2.9 years and 5.3 years respectively.
Key information
Steve Westhoven
Chief executive officer
US$5.8m
Total compensation
| CEO salary percentage | 16.2% |
| CEO tenure | 5.5yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.9yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
Investors Interested In New Jersey Resources Corporation's (NYSE:NJR) Earnings
Apr 11
New Jersey Resources (NYSE:NJR) Has No Shortage Of Debt
Mar 26New Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That Way
Feb 15Results: New Jersey Resources Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 09Broker Revenue Forecasts For New Jersey Resources Corporation (NYSE:NJR) Are Surging Higher
Jan 25Return Trends At New Jersey Resources (NYSE:NJR) Aren't Appealing
Dec 24New Jersey Resources: Waiting For That Valuation "HOLD"
Nov 03Is New Jersey Resources (NYSE:NJR) A Risky Investment?
Oct 10A Look At The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Sep 27New Jersey Resources (NYSE:NJR) Is Increasing Its Dividend To $0.42
Sep 12New Jersey Resources (NYSE:NJR) Is Paying Out A Dividend Of $0.39
Aug 29New Jersey Resources Corporation: Solid Business But Pricey
Aug 23New Jersey Resources: Rate Base Expansion Key To Sustained Dividend
Aug 16New Jersey Resources (NYSE:NJR) Has Affirmed Its Dividend Of $0.39
Aug 13If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity
Jul 29We Think New Jersey Resources (NYSE:NJR) Is Taking Some Risk With Its Debt
Jun 27New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 25% Below Its Share Price
Jun 14New Jersey Resources (NYSE:NJR) Hasn't Managed To Accelerate Its Returns
May 31New Jersey Resources: Distribution Growth Creating Margin Expansion
May 29Here's Why New Jersey Resources (NYSE:NJR) Has Caught The Eye Of Investors
Apr 12New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt
Mar 29New Jersey Resources (NYSE:NJR) Is Looking To Continue Growing Its Returns On Capital
Feb 13New Jersey Resources Q1 2023 Earnings Preview
Feb 01New Jersey Resources declares $0.39 dividend
Jan 25Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?
Dec 26New Jersey Resources: A Compounder, But An Expensive One At This Time
Dec 13Does New Jersey Resources (NYSE:NJR) Deserve A Spot On Your Watchlist?
Dec 09News Flash: Analysts Just Made A Sizeable Upgrade To Their New Jersey Resources Corporation (NYSE:NJR) Forecasts
Nov 23Calculating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Nov 17New Jersey Resources Q4 2022 Earnings Preview
Nov 16New Jersey Resources declares $0.39 dividend
Nov 10New Jersey Resources: A Compounder With Some Downside Remaining
Sep 30New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt
Sep 27New Jersey Resources (NYSE:NJR) Has Announced A Dividend Of $0.3625
Sep 15New Jersey Resources raises quarterly dividend by 7.6%
Sep 14Here's What To Make Of New Jersey Resources' (NYSE:NJR) Decelerating Rates Of Return
Sep 13If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity
Aug 18Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Aug 06New Jersey Resources: Bad To Worse
Jul 12New Jersey Resources (NYSE:NJR) Seems To Be Using A Lot Of Debt
May 26Returns At New Jersey Resources (NYSE:NJR) Appear To Be Weighed Down
May 12CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$238m |
| Sep 30 2023 | US$6m | US$938k | US$265m |
| Jun 30 2023 | n/a | n/a | US$282m |
| Mar 31 2023 | n/a | n/a | US$294m |
| Dec 31 2022 | n/a | n/a | US$280m |
| Sep 30 2022 | US$5m | US$884k | US$275m |
| Jun 30 2022 | n/a | n/a | US$219m |
| Mar 31 2022 | n/a | n/a | US$94m |
| Dec 31 2021 | n/a | n/a | US$148m |
| Sep 30 2021 | US$5m | US$809k | US$118m |
| Jun 30 2021 | n/a | n/a | US$152m |
| Mar 31 2021 | n/a | n/a | US$244m |
| Dec 31 2020 | n/a | n/a | US$168m |
| Sep 30 2020 | US$4m | US$756k | US$163m |
| Jun 30 2020 | n/a | n/a | US$148m |
| Mar 31 2020 | n/a | n/a | US$159m |
| Dec 31 2019 | n/a | n/a | US$159m |
| Sep 30 2019 | US$3m | US$502k | US$124m |
| Jun 30 2019 | n/a | n/a | US$135m |
| Mar 31 2019 | n/a | n/a | US$129m |
| Dec 31 2018 | n/a | n/a | US$196m |
| Sep 30 2018 | US$2m | US$419k | US$233m |
| Jun 30 2018 | n/a | n/a | US$213m |
| Mar 31 2018 | n/a | n/a | US$246m |
| Dec 31 2017 | n/a | n/a | US$221m |
| Sep 30 2017 | US$1m | US$363k | US$132m |
Compensation vs Market: Steve's total compensation ($USD5.79M) is about average for companies of similar size in the US market ($USD6.57M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Steve Westhoven (55 yo)
5.5yrs
Tenure
US$5,792,680
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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.5yrs | US$5.79m | 0.22% $ 9.5m | |
| Senior VP | 2.3yrs | US$1.20m | 0.012% $ 510.3k | |
| Senior Vice President of Human Resources | 1.4yrs | US$1.28m | 0.0023% $ 96.5k | |
| Senior VP & COO of New Jersey Natural Gas | 2.3yrs | US$1.57m | 0.025% $ 1.1m | |
| Senior VP and COO of Non-Utility Businesses | 4.1yrs | US$1.30m | 0.023% $ 982.6k | |
| Principal Accounting Officer & Corporate Controller | 3.3yrs | no data | 0.00051% $ 21.8k | |
| Senior VP & Chief Information Officer | 7.8yrs | no data | 0.031% $ 1.3m | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP & General Counsel | 2.9yrs | US$1.11m | 0.024% $ 1.0m | |
| Vice President of Corporate Business Development | 4.1yrs | no data | no data | |
| Vice President of Customer Service | less than a year | no data | no data | |
| Senior VP of Regulatory Affairs - New Jersey Natural Gas | 2.6yrs | no data | no data |
2.9yrs
Average Tenure
50yo
Average Age
Experienced Management: NJR's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.6yrs | US$5.79m | 0.22% $ 9.5m | |
| Independent Chairman | 15.9yrs | US$338.06k | 0.0073% $ 311.7k | |
| Independent Director | 4.4yrs | US$238.06k | 0.017% $ 732.4k | |
| Independent Director | 6.9yrs | US$229.06k | 0.0026% $ 112.3k | |
| Independent Director | 11.4yrs | US$268.41k | 0.027% $ 1.2m | |
| Independent Director | 3.6yrs | US$231.06k | 0.0090% $ 384.3k | |
| Independent Director | less than a year | no data | 0.00054% $ 23.1k | |
| Independent Director | 1.5yrs | no data | 0.0031% $ 133.7k | |
| Independent Director | 17.6yrs | US$238.46k | 0.032% $ 1.4m | |
| Independent Director | 4.9yrs | US$244.06k | 0.0026% $ 112.3k |
5.3yrs
Average Tenure
68yo
Average Age
Experienced Board: NJR's board of directors are considered experienced (5.3 years average tenure).