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Public Service Enterprise Group Incorporated announced the transition of Chief Executive Officer Ralph Izzo to Executive Chairman of the Company’s board of directors, effective August 31, 2022. Dr. Izzo has been CEO of Public Service Enterprise Group Incorporated since April 1, 2007. From 2007 to 2021, Dr. Izzo realized $163,210,582 in total compensation.
On September 1, 2022, Ralph A. LaRossa will assume the role of Chief Executive Officer. Mr. LaRossa currently serves as the Chief Operating Officer of the Company. Upon his promotion, his annual target compensation will be as follows:
| Base Salary | Target Bonus | Long-Term Incentive Awards | Total Annual Compensation |
|---|---|---|---|
| $1,250,000 | $1,625,000 | $4,850,000 | $7,725,000 |
To view the details of this transition, please click here.
Mr. Izzo is the 19th CEO from the Equilar 500 to announce their resignation in 2022.
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Evin Peterson, Research Analyst at Equilar, authored this post. Please contact Amit Batish, Director, Content & Communications, at abatish@equilar.com for more information on Equilar research and data analysis.
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