Ralph A. LaRossa has been steering the ship at Public Service Enterprise Group (PSEG) since he took the position of CEO in January 2020. He has a strong background in the utility industry, having joined PSEG as an associate engineer...
Ralph A. LaRossa has been steering the ship at Public Service Enterprise Group (PSEG) since he took the position of CEO in January 2020. He has a strong background in the utility industry, having joined PSEG as an associate engineer back in 1985. Over the years, he climbed through various roles, including President and Chief Operating Officer of Public Service Electric and Gas Company, demonstrating a real depth of experience in both gas and electric operations. His leadership style focuses on aligning executive pay with performance metrics, aiming for better returns for shareholders while also ensuring accountability. In 2023, Ralph's total compensation was approximately $11.17 million, reflecting his impactful contributions to the company's success. Interestingly, he has seen fluctuations in his stock holdings, peaking dramatically at nearly $34 million in 2022 before settling around $6 million. LaRossa's decisions are closely linked to rigorous performance numbers, like earnings per share, which guide how bonuses are awarded. His journey, from engineer to CEO, paints a picture of commitment and strategic growth for PSEG's future in the energy sector.