PSEG names Ralph LaRossa as president, CEO following Izzo retirement

Ralph LaRossa has been named president and CEO of Public Service Enterprise Group (PSEG), effective Sept. 1.

LaRossa replaces Ralph Izzo as president and CEO. Izzo steps down after 30 years with the company, including the last 15 as CEO.

“I am incredibly honored to step into this role after working so closely with Ralph Izzo for so many years,” LaRossa said. “As CEO for 15 years, Ralph Izzo has had a significant impact on not only the performance and culture of PSEG but also on the business and energy landscape across New Jersey and nationally.”

LaRossa has held leadership roles at the New Jersey-based utility for three decades, overseeing Public Service Electric & Gas (PSE&G); PSEG Power; PSEG Long Island; and PSEG Services Corp. functions, including information technology and cyber and physical security.

LaRossa takes the helm at a pivotal time as the company pursues new initiatives to help customers and communities in a changing and challenging environment. One of the initiatives is the Powering Progress vision to combat climate change.

“Our vision is clear: to power a future where people use less energy, and it’s cleaner, safer, and delivered more reliably than ever. With the near-term threat of disruptive severe weather and the long-term risks of climate change, we’ve been incorporating sustainability, adaptation, and decarbonization into our strategic decision-making process,” LaRossa said. “Combined with our relentless focus on the safety of our employees, customers, and communities, a strengthened infrastructure, as well as a strong, diverse talent pipeline, PSEG is well positioned for the future.”

LaRossa will assume the additional responsibilities of chair of the PSEG board on Jan. 1, 2023, after Izzo steps down from that post on Dec. 31.

“It has been a privilege to serve as CEO for the last 15 years, driving toward a sustainable energy future that is cleaner and more reliable than ever,” Izzo said. “For almost 20 years, Ralph LaRossa and I have worked side-by-side building out PSEG’s vision. I am proud of the accomplishments our 12,500-strong workforce has made, and I look forward to what PSEG will accomplish in the years to come.”