Public Service Electric & Gas President David Daly will retire at the end of 2021 after 35 years, and Vice President and Chief Operating Officer Kim Hanemann will succeed him, effective June 30.
The company announced his retirement and her promotion May 24. Hanemann will become the first woman to lead the state’s largest electric and gas utility in its 118-year history.
“During his 35 years of dedicated service to PSEG, Dave has built a legacy of safety, reliability and unwavering commitment to our customers and employees in New Jersey and Long Island,” PSEG Chairman, President and Chief Executive Officer Ralph Izzo said in a prepared statement. “Under his leadership, PSE&G has established itself as a national leader in the utility sector as the industry confronted the challenges of climate change and the global COVID-19 pandemic. Dave’s successful oversight of PSE&G’s Clean Energy Future proposals has set our company and its 2.4 million New Jersey customers on a path toward a more sustainable energy system.”
Daly has been president of PSE&G since October 2017, and previously served as president and COO of PSEG Long Island, vice president for asset management and centralized services, and vice president of energy acquisition and technology. Daly also held positions across operations and support services, including power plant operations, utility operations services, electric transmission planning and corporate strategy.
Daly said his journey at PSE&G was “an incredible” one.
“Our Clean Energy Future filing was an enormous accomplishment for PSE&G. It was one of my top priorities and, now that its settlement is complete, I can confidently hand off execution of these critical programs to Kim Hanemann and the team to deliver its success,” Daly said. “I can think of no better person than Kim to lead PSE&G into the future.”
Daly will remain in an executive advisory role until the end of 2021.
Hanemann has been with PSE&G since 1986, when she joined as an associate engineer. She’s since held leadership positions in transmission, electric and gas field operations. In her current role, which she’s held since 2019, she’s responsible for PSE&G’s transmission, electric, gas and customer operations, as well as the company’s asset management and centralized services organizations. She also oversees execution of the company’s large utility construction projects.
“[I] look forward to building on the strong foundation that Dave Daly has created as we work toward our Clean Energy Future goals of helping customers use energy more efficiently, and providing them with new clean energy options such as electric vehicles and smart meters,” Hanemann said in a prepared statement. “I am grateful to Dave for his mentorship and guidance as we worked together to build PSE&G into one of the nation’s most reliable utilities.”
Hanemann built PSE&G’s Delivery Projects & Construction organization from the ground up, according to Izzo, and “has been responsible for ensuring the on-time, on-scope and on-budget implementation of the utility’s multi-billion dollar transmission investments.”
Daly and Hanemann will both report to PSEG COO Ralph LaRossa.