New Jersey Resources Announces Executive Leadership Changes

Moves strengthen foundation for advancing growth and strategic initiatives across company

New Jersey Resources (NYSE:NJR) today announced executive and senior leadership promotions at NJR and New Jersey Natural Gas (NJNG) that position the company to execute on its growth strategy, sustainability goals and investment priorities. All changes are effective January 1, 2026.

• NJR Treasurer Daniel Sergott will be promoted to Vice President and assume an expanded role leading a newly formed NJR Strategy function.
• NJNG Managing Director of Marketing and Energy Efficiency Anne-Marie Peracchio will be promoted to Vice President of Regulatory Affairs & Energy Efficiency.
• Stephen Skrocki, NJR's Corporate Controller, will become NJR's Chief Risk Officer.
• Chris D'Antuono, NJR's Director of Financial Planning and Analysis, will be promoted to Corporate Controller, succeeding Mr. Skrocki in that role.
• Mark Kahrer, Senior Vice President of Regulatory and External Affairs, will be retiring in late 2026.
• Jamie Kent, Chief Risk Officer, will step down from his role as Chief Risk Officer at the end of 2025 and retire during fiscal 2026.

"Dan, Anne-Marie, Stephen and Chris are experienced, capable leaders who have each contributed meaningfully to our company's strategic direction, growth and success," said Steve Westhoven, President and CEO of New Jersey Resources. "Their elevation puts NJR in an even stronger position to execute our strategy and continue to deliver safe, reliable service and the affordable energy investments our customers expect."

Since joining the company nearly 20 years ago, Dan Sergott has served in a variety of leadership roles in the Finance organization including Director-Financial Planning and Analysis, Director-Corporate Development Finance and Treasurer. He has served as Treasurer since 2022, where he is responsible for all Treasury functions, including resource allocation, liquidity management, capital structure optimization, and overall balance sheet stewardship.

Anne-Marie Peracchio has worked in roles in regulatory policy, ratemaking, and pursuing conservation and energy efficiency for NJNG customers for over 30 years. In her current role as Managing Director of Marketing and Energy Efficiency, Anne-Marie leads NJNG's customer growth and energy conservation efforts. Previously as Director of Conservation and Clean Energy at NJNG, Anne-Marie was instrumental in the creation of the SAVEGREEN^® program, which has fostered the growth of robust, cost-effective energy efficiency programs for our customers. Mark Kahrer will work closely with Anne-Marie to support her in her new role and ensure a smooth transition of responsibilities.

Stephen Skrocki joined NJR in 2017 as the Assistant Corporate Controller and was promoted to Corporate Controller in 2021 and Principal Accounting Officer in 2023. He is responsible for leading NJR's accounting function, including oversight of financial reporting, maintenance of internal controls and compliance with regulatory standards.

Chris D'Antuono joined NJR in 2015 and served as Manager of Technical Accounting and Director of Technical Accounting, before being promoted to Director of Financial Planning and Analysis in 2020. Prior to joining NJR, Chris worked at Ernst & Young LLP and EisnerAmper LLP.

"Mark Kahrer and Jamie Kent have each left their mark on our organization, overseeing successful utility regulatory affairs outcomes and shaping corporate risk and financial reporting functions, respectively," Westhoven said. "Their leadership and contributions have been critical to NJR's growth and positive relationships with our regulators, investors and customers. I thank them for their dedication and service and, on behalf of our entire organization, I wish them well in their coming retirement."

About New Jersey Resources

New Jersey Resources (NYSE:NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

• New Jersey Natural Gas, NJR's principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve customers in New Jersey's Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties.
• Clean Energy Ventures invests in, owns and operates solar projects, providing customers with low-carbon solutions.
• Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
• Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
• Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve^® and initiatives such as SAVEGREEN^®.

For more information

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Media Contact:

Mike Kinney

732-938-1031

mkinney@njresources.com

Investor Contact:

Adam Prior

732-938-1145

aprior@njresources.com