New Jersey Resources Announces Executive Promotions and Key Leadership Changes
December 08, 2021 at 08:00 am EST
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New Jersey Resources announced a series of executive and senior leadership promotions that position the company to execute on its growth strategy, sustainability goals and investment priorities. Unless otherwise noted, changes will be effective January 1, 2022 and include: Patrick Migliaccio was named Senior Vice President and Chief Operating Officer of New Jersey Natural Gas (NJNG). Roberto Bel was promoted to Senior Vice President of NJR. Sean Annitto will succeed Vice President Timothy Shea, who is retiring from NJR Energy Services (NJRES) in February 2022, and lead NJRs unregulated wholesale natural gas marketing business. Robert Pohlman was promoted to Vice President of Strategy, Communications, Government Relations and Policy of NJR. Daniel Sergott was promoted to Treasurer of NJR. Senior Vice President and Chief Operating Officer Patrick Migliaccio will oversee NJNG, NJRs largest subsidiary, advance the utilitys decarbonization efforts and direct its infrastructure investments and customer growth goals, while managing operation of its more than 770 employees and 7,600 miles of distribution and transmission main. Senior Vice President and Chief Financial Officer Roberto Bel will be responsible for the management of NJRs financial functions, including financial planning and analysis, accounting, tax, treasury, risk management and investor relations. Vice President-Energy Services Sean Annitto will succeed Tim Shea in leading NJRES, the companys unregulated wholesale natural gas marketing business. Mr. Shea is retiring after 23 years with the company, effective February 2022. Mr. Annitto joined NJRES in 1996 and has served as Vice President-Energy Services since 2019. He has more than 20 years of experience in energy trading, commodity hedging and developing strategic growth opportunities, and was instrumental in developing, implementing and managing NJRES successful long-option strategy. With his proven expertise in the dynamic, U.S. energy market, he continues to effectively guide the business portfolio valuation, structure and optimization. Vice President-Strategy, Communications, Government Relations and Policy Robert Pohlman will drive business and growth opportunities across NJR, including emerging clean energy markets, while overseeing public policy, government relations and communications. Treasurer Daniel Sergott will be responsible for NJRs treasury functions. Mr. Sergott joined NJR in 2006 and has held a variety of leadership roles in both financial planning and analysis and corporate development functions, including Director-Financial Planning and Analysis and Director-Corporate Development Finance. As a senior leader on the finance and accounting team, Dan was integral to NJRs financing, equity and M&A accomplishments of the past five years.
New Jersey Resources Corporation is a diversified energy services holding company. Its business is to distribution of natural gas through a regulated utility, investing in and operating clean energy projects and natural gas storage and transportation assets, and providing other retail and wholesale energy services to customers. Its segments include Natural Gas Distribution, Energy Services, Clean Energy Ventures and Storage and Transportation. The Natural Gas Distribution segment consists of regulated natural gas services, off-system sales, capacity, and storage management operations. The Energy Services segment consists of unregulated wholesale and retail energy operations, as well as energy management services. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Storage and Transportation segment consists of investments in the natural gas storage and transportation markets such as natural gas storage and transportation facilities.