New Jersey Resources Chairman and CEO Laurence M. Downes to Retire; Board Names Steve Westhoven as Successor
Mr. Downes joined NJR in 1985 and was named Treasurer in 1986, followed by Vice President and Treasurer in 1988. He was promoted to Senior Vice President and Chief Financial Officer of NJR in 1990 and Executive Vice President of New Jersey Natural Gas in 1994. In 1995, Mr. Downes was promoted to President and CEO, and he was named Chairman of NJR’s Board of Directors in
“It has been a privilege to be a part of the
In line with NJR’s succession plan, the Board of Directors announced
“Larry’s outstanding leadership has driven strong performance at
Mr. Westhoven joined the company in 1990 and was named Vice President of NJR Energy Services in 2004 and Senior Vice President in 2010. He was promoted to Executive Vice President and COO of NJR in
Photos and bios of
New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains nearly 7,500 miles of natural gas transportation and distribution infrastructure to serve more than half a million customers in New Jersey’s Monmouth, Ocean, Morris, Middlesexand Burlingtoncounties. NJR Clean Energy Venturesis a leading renewable energy company that invests in, owns and operates residential and commercial solar projects with a total capacity in excess of 250 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 customized energy solutions to customers across
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 a 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 and businesses throughout
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
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