Public Service Enterprise Group (PSEG) has announced that David M. Daly, president of Public Service Electric & Gas (PSE&G), will retire at the end of 2021.

Kim Hanemann, PSE&G's senior vice president and chief operating officer, will succeed Daly as president and COO, effective June 30, 2021. With her promotion, Hanemann will become the first woman to lead the state's largest electric and gas utility in its 118-year history.

Daly was named president of PSE&G in October 2017. Previously, he also 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. He also held positions across operations and support services, including power plant operations, utility operations services, electric transmission planning and corporate strategy.

Daly has agreed to stay on in an executive advisory role until the end of 2021 to provide expert consultation in areas such as advocacy for transmission, energy efficiency and other strategic projects.

Hanemann joined PSE&G as an associate engineer in 1986 and has held leadership positions in transmission, electric and gas field operations. She was named to her current role in 2019, where she is 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'm proud and thankful for the opportunity to lead our dedicated PSE&G employees, who work every day to deliver safe, reliable and resilient gas and electric service to our customers," Hanemann said. "At the same time, 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. 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."  

"It has been my privilege to work alongside Dave and Kim for the past 35 years and I'm proud of all they have accomplished," PSEG Chief Operating Officer Ralph A. LaRossa said. "Both have made significant contributions to PSE&G's success and have moved us closer to achieving PSEG's Powering Progress vision for the future."

Daly and Hanemann both will report to LaRossa.

Source: Cision PR Newswire