NEW JERSEY RESOURCES ANNOUNCES EXECUTIVE PROMOTIONS

WALL, NJ -- New Jersey Resources (NYSE: NJR) today announced the promotions of two members of its leadership team. Mark G. Kahrer of Hasbrouck Heights, NJ was named Senior Vice President-Regulatory Affairs, Marketing and Energy Efficiency at New Jersey Natural Gas (NJNG) and James W. Kent of Medford, NJ was promoted to Vice President-Corporate Risk Management at NJR.

“Mark and Jamie are talented and accomplished leaders who have proven themselves as valued members of our team,” said Steve Westhoven, President and CEO of NJR. “We will continue to rely on their leadership and expertise as we execute our plans for strong, long-term financial growth and a robust sustainability agenda across our company. We congratulate Mark and Jamie on their promotions and wish them continued success.”

As Senior Vice President-Regulatory Affairs, Marketing and Energy Efficiency, Mr. Kahrer oversees all aspects of the regulatory affairs, gas supply, environmental services, marketing and energy efficiency functions at NJNG, including short and long-term regulatory planning and strategy, driving innovation and sustainability and achieving growth objectives.

He joined NJNG as Vice President-Regulatory Affairs in 2017 and has successfully led the company’s regulatory strategy. Before joining NJNG, Mr. Kahrer spent 34 years with Public Service Electric and Gas Company (PSE&G), where he served as Senior Director – Business Performance and Improvement, Vice President- Finance for PSE&G and PSE&G Power, Assistant Treasurer, Director-Corporate Accounting, Director-Financial Risk Management, Manager-Corporate Strategic Planning and Manager-Federal Affairs. He is a graduate of Saint Peter’s College, holds a Masters of Business Administration in finance from Seton Hall University and is a Certified Public Accountant.

In his role as Vice President-Corporate Risk Management, Mr. Kent is responsible for the management, leadership and strategic direction of NJR’s risk management, internal audit, financial controls compliance, security, business continuity, procurement and contract management programs, as well as facility operations.

He joined NJR as the Director of Sarbanes-Oxley Compliance in 2013 and was named Director-Risk Management and later Treasurer in 2015. With over 29 years of experience in the energy industry, Mr. Kent is an accomplished leader in the fields of risk management and financial controls. Prior to NJR, he worked for such organizations as Constellation Energy, American Electric Power, NextEra Energy and Deloitte and Touche. He earned his Masters of Business Administration in finance and accounting from the University of Pittsburgh and a Bachelor of Civil Engineering from Villanova University.

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 over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex and Burlington counties.
• Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 350 megawatts, providing residential and commercial 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 & 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 Project, as well as our 50 percent equity ownership in the Steckman Ridge natural gas storage facility, and our 20 percent equity interest in the PennEast Pipeline Project.
• 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 more than 1,100 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR: www.njresources.com. 

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