SJI Appoints Christopher J. Paladino, President of New Brunswick Development Corporation, to Board of Directors

Rhea-AI Summary

SJI announces the appointment of Christopher J. Paladino, President of New Brunswick Development Corporation, to its Board of Directors, effective August 14, 2020. Paladino brings over 20 years of experience in development, including project financing, risk management, and asset management. He will join the Audit committee and the Environmental, Social, and Governance committee. Chairman Joseph Rigby expressed optimism about the fresh leadership perspective Paladino will offer, enhancing the board's diverse skill set. SJI provides natural gas services to approximately 681,000 customers across New Jersey and Maryland.

Positive

• Appointment of Christopher J. Paladino adds substantial development expertise to the Board.
• Paladino's background in financing and risk management may enhance SJI's strategic decision-making.
• The addition strengthens the board's overall skills and perspectives.

Negative

• None.

FOLSOM, Aug. 18, 2020 (GLOBE NEWSWIRE) --                                                                                                 Media Contact:  Marissa Travaline
(609) 561-9000 ext. 4227
mtravaline@sjindustries.com

                                                                                                          Investor Contact: Dan Fidell
(609) 561-9000 ext. 7027
dfidell@sjindustries.com

FOR IMMEDIATE RELEASE

SJI Appoints Christopher J. Paladino, President of New Brunswick Development Corporation, to Board of Directors

FOLSOM, NJ, August 17, 2020 – SJI (NYSE: SJI) today announced the appointment of Christopher J. Paladino, President of New Brunswick Development Corporation to its Board of Directors. Paladino was elected as a director of SJI by the Board on August 14, 2020 and will serve on the Audit committee as well as the Environmental, Social and Governance committee.

Paladino has extensive experience in all aspects of development including project conceptualization, feasibility, financing, risk management, construction oversight and asset management. He has served in his current role for more than two decades – successfully leading and completing projects that achieve key development objectives and address important public policy goals. 

“Chris is a proven business leader and we are happy to welcome him to the Board,” said Joseph Rigby, Chairman of SJI’s Board of Directors. “This addition complements the already diverse skill set of the SJI board, and we look forward to Chris’ contributions”

About SJI

SJI (NYSE: SJI), an energy services holding company based in Folsom, NJ, delivers safe, reliable, affordable natural gas service to approximately 681,000 customers in New Jersey and Maryland through its three regulated natural gas utilities - South Jersey Gas, Elizabethtown Gas and Elkton Gas. SJI’s non-utility businesses within South Jersey Energy Solutions promote efficiency, clean technology and renewable energy by providing customized wholesale commodity marketing and fuel management services; and developing, owning and operating on-site energy production facilities. SJI Midstream houses the company’s interest in the PennEast Pipeline Project. Visit sjindustries.com for more information about SJI and its subsidiaries.

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FAQ

Who is the newly appointed director on SJI's Board?

The newly appointed director on SJI's Board is Christopher J. Paladino.

When was Christopher J. Paladino appointed to SJI's Board of Directors?

Christopher J. Paladino was appointed to SJI's Board of Directors on August 14, 2020.

What committees will Christopher J. Paladino serve on at SJI?

Christopher J. Paladino will serve on the Audit committee and the Environmental, Social, and Governance committee.

What experience does Christopher J. Paladino bring to SJI?

Paladino has over 20 years of experience in development, including project conceptualization, financing, and risk management.