PSEG announced that Ralph Izzo, chair, president, will retire from the company. His last day will be December 31, 2022. As part of a planned leadership succession process, the PSEG Board of Directors elected Ralph LaRossa, chief operating officer, as president effective September 1, 2022.

Izzo will serve as executive chair of the board effective September 1 until his retirement. He will continue to lead the board and work closely with LaRossa in support of a smooth succession and continue his keen focus on energy policy matters. LaRossa will assume the additional responsibilities of chair on January 1, 2023.

As the president and COO of PSE&G for over a decade, LaRossa's dedication to employees and customers began with a commitment to improving operating performance in all areas of safety, reliability, and emergency response. LaRossa also spearheaded the development and execution of PSE&G's landmark clean energy and utility of the future program. Most recently in his role as COO, he led the company's business continuity and response to COVID-19 ranging from protecting the health and safety of employees and customers, to maintaining safe and reliable operations, to achieving financial and operational plans.