The company said the Board, upon the recommendation of its Governance, Nominating and Sustainability Committee, elected Ricardo G. Pérez as a new director on January 22, 2024, effective the same day.

1. 01

   The company said the Board, upon the recommendation of its Governance, Nominating and Sustainability Committee, elected Ricardo G. Pérez as a new director on January 22, 2024, effective the same day.

2. 02

   PSEG said the Board determined that Mr. Pérez is an independent director under the listing standards of the New York Stock Exchange and the Securities Exchange Act of 1934, as amended. It said that as of the filing of this Form 8-K, the Board had not determined the committees to which he will be appointed.

3. 03

   The company said Mr. Pérez will participate in the non-management director compensation program from the date of his election. It also said there is no arrangement or understanding with any other person under which he was selected as a director, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.

4. 04

   The company said Mr. Pérez is a retired energy executive with more than 35 years of industry experience, and served as president and chief operating officer of Westinghouse Electric Company from 2010 to 2013. It also said he is the second new independent director elected within 4 months and the fifth since the beginning of 2020.

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