Shareowners Elect Five Directors at the 2026 New Jersey Resources Annual Meeting
MWN-AI** Summary
At the 2026 Annual Meeting of New Jersey Resources (NYSE: NJR), held virtually, shareowners successfully elected five directors—Jane M. Kenny, Amy B. Mansue, Sharon C. Taylor, Stephen D. Westhoven, and William T. Yardley—to serve three-year terms expiring in 2029. President and CEO Steve Westhoven expressed gratitude for shareowners' support, emphasizing the board's collective expertise in driving the company’s growth strategy.
The meeting marked a significant transition with the retirement of Donald L. Correll, who served as a board member and Chair for 17 years. His leadership was praised by Westhoven, who remarked that Correll’s strategic guidance was key to NJR's success. Thomas C. O’Connor is set to take over as Board Chair, having been an effective board member since 2017.
In addition to director elections, shareowners approved a non-binding advisory resolution concerning the compensation of NJR’s named executive officers, alongside the proposed 2026 Stock Award and Incentive Plan. The appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending September 30, 2026, was also ratified.
New Jersey Resources is a Fortune 1000 company that provides safe and reliable natural gas and clean energy services through its various subsidiaries. These include New Jersey Natural Gas, Clean Energy Ventures, Energy Services, Storage and Transportation, and Home Services, cumulatively employing over 1,300 individuals. NJR emphasizes energy conservation and efficiency initiatives, such as Conserve to Preserve® and SAVEGREEN®.
For more information about NJR, visit their website or engage with them on social media platforms.
MWN-AI** Analysis
At the 2026 Annual Meeting of New Jersey Resources (NYSE: NJR), the election of five new directors signals a promising shift in governance and strategic direction. With Jane M. Kenny, Amy B. Mansue, Sharon C. Taylor, Stephen D. Westhoven, and William T. Yardley joining the Board, investors should cautiously view this transition as a potential catalyst for long-term value creation.
The new directors bring a diverse set of skills and industry expertise that could enhance NJR's growth strategy, particularly given the shifting energy landscape towards cleaner alternatives. Their backgrounds may bolster initiatives such as NJR's Clean Energy Ventures, providing a competitive edge in solar and other renewable projects. Shareowners should closely monitor how these directors leverage their experience to drive innovation and sustainability.
The retirement of Donald L. Correll, following 17 years as Chairman, opens up a new chapter for NJR under newly appointed Chair Thomas C. O’Connor. Investors should assess Mr. O’Connor’s leadership style and strategic vision compared to his predecessor, especially in terms of maintaining operational stability while pursuing growth.
Amid these changes, the approval of the advisory resolution on executive compensation and the 2026 Stock Award and Incentive Plan showcases the board's alignment with shareowner interests. The consistent backing of Deloitte & Touche LLP for auditing duties further reinforces NJR's commitment to transparency and sound financial governance.
For potential investors, the evolving board dynamics and ongoing focus on clean energy underscore a strategic pivot that could enhance NJR's competitive position. However, market participants should remain vigilant regarding implementation and execution of the new strategies outlined by the board. Overall, NJR presents a compelling opportunity for those aligning with the company's long-term vision and growth potential in the energy sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
At the 2026 Annual Meeting of New Jersey Resources (NYSE: NJR) held virtually today, shareowners elected Jane M. Kenny, Amy B. Mansue, Sharon C. Taylor, Stephen D. Westhoven and Willian T. Yardley to NJR’s Board of Directors each for a three-year term that will expire in 2029.
“We have an exceptional group of directors whose expertise and vision drives our growth strategy,” said Steve Westhoven, President and CEO of New Jersey Resources. “I appreciate our shareowners’ support for our directors, including me, and I look forward to working with Jane, Amy, Sharon and Bill and the rest of the Board to honor that confidence by continuing to deliver long-term value.”
Also at the Annual Meeting, Donald L. Correll, a longstanding member and Chair of NJR’s Board, retired after 17 years of dedicated service. Thomas C. O’Connor will succeed Mr. Correll as Board Chair.
Mr. Correll joined NJR’s Board of Directors in 2008 and was a member of the Audit and Leadership Development and Compensation Committees and Chair of the Executive Committee. In 2020, he was named Chair of the Board and served with distinction throughout his tenure.
“I want to thank Don for the insight, sound judgement and candor he brought to our Board,” Mr. Westhoven said. “As Board Chair, his strong and steady leadership, coupled with thoughtful strategic guidance, was instrumental to NJR’s growth and success to date. We are a better, stronger company today because of his contributions.”
“With his deep industry expertise and leadership experience, Tom has been an outstanding member of the Board since he was elected in 2017,” Westhoven continued. "As he takes on the role of Chair, I look forward to our work together to continue to grow our business for the future.”
In other business, shareowners approved a non-binding advisory resolution on the compensation of NJR’s named executive officers, as well as the proposed 2026 Stock Award and Incentive Plan, and ratified the appointment of Deloitte & Touche LLP as its independent registered public accounting firm for the fiscal year ending September 30, 2026.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties.
Clean Energy Ventures invests in, owns and operates solar projects, providing customers with low-carbon solutions.
Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
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 throughout New Jersey.
NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve ® and initiatives such as SAVEGREEN ® .
For more information about NJR:
www.njresources.com .
Follow us on X.com (Twitter) @NJNaturalGas .
“Like” us on facebook.com/NewJerseyNaturalGas .
View source version on businesswire.com: https://www.businesswire.com/news/home/20260121910207/en/
Media Contact:
Mike Kinney
732-938-1031
mkinney@njresources.com
Investor Contact:
Adam Prior
732-938-1145
aprior@njresources.com
FAQ**
How does the recent Board appointment at New Jersey Resources Corporation (NJR) enhance the company's strategic direction and long-term value for shareowners?
What impact did Donald L. Correll’s 17 years of leadership have on New Jersey Resources Corporation (NJR), and what are the expectations from the new Chair, Thomas C. O’Connor?
How will the approval of the proposed 2026 Stock Award and Incentive Plan influence the retention and performance of key executives at New Jersey Resources Corporation (NJR)?
What are the key initiatives New Jersey Resources Corporation (NJR) plans to implement under its Clean Energy Ventures to drive growth and sustainability in the energy sector?
**MWN-AI FAQ is based on asking OpenAI questions about NewJersey Resources Corporation (NYSE: NJR).
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