---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-108775"
form_type: "8-K"
ticker: "PEG"
cik: "0000788784"
company_name: "PUBLIC SERVICE ENTERPRISE GROUP INC"
filed_at: "2022-04-19T23:59:59+00:00"
generated_at: "2026-06-26T06:42:12.961567+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PSEG CEO Ralph Izzo to retire; COO Ralph LaRossa named successor effective Sept 1, 2022

## Summary
- Ralph Izzo retires as President/CEO Aug 31, 2022; becomes executive chair with unchanged comp through Dec 31, 2022.
- Board elected COO Ralph LaRossa as President/CEO effective Sept 1, 2022; to become board chair Jan 1, 2023.
- LaRossa’s new comp: base salary $1.25M, target annual incentive 130% of base, supplemental LTI $4.85M.
- Izzo’s 15-year CEO tenure: TSR ~10% annualized; PSEG extended dividend record to 115 consecutive years.
- LaRossa previously led PSE&G, COVID-19 response, fossil divestiture, and offshore wind strategy development.

## SEC filing metadata
- accession: 0001193125-22-108775
- form_type: 8-K
- ticker: PEG
- cik: 0000788784
- company_name: PUBLIC SERVICE ENTERPRISE GROUP INC
- filed_at: 2022-04-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788784/000119312522108775/0001193125-22-108775-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788784/000119312522108775/d356021d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-108775
- JSON: https://secwatch.observer/filing/0001193125-22-108775.json
- Plain text: https://secwatch.observer/filing/0001193125-22-108775.txt

## Key facts
- Executive change
  Ralph Izzo retired as Chair of the Board at PUBLIC SERVICE ENTERPRISE GROUP INC.
  - Action: retired
  - Role: Chair of the Board
  source text: Ralph Izzo, PSEG’s President and Chief Executive Officer (CEO) and the Chair of PSEG’s Board of Directors (the Board) will retire from PSEG, with his last day as President and CEO being August 31, 2022, and his last day as a director being December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788784/000119312522108775/0001193125-22-108775-index.htm
- Executive change
  Ralph Izzo changed role as executive chair at PUBLIC SERVICE ENTERPRISE GROUP INC.
  - Action: retiring
  - Role: executive chair
  source text: Pursuant to a letter agreement entered into on April 18, 2022, Mr. Izzo will serve as executive chair of the Board effective September 1, 2022, until his retirement from the Board, and during such period his compensation will be unchanged.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788784/000119312522108775/0001193125-22-108775-index.htm
- Executive change
  Ralph A. LaRossa changed role as chair of the Board at PUBLIC SERVICE ENTERPRISE GROUP INC.
  - Action: assumed
  - Role: chair of the Board
  source text: He will assume the additional responsibilities of chair of the Board on January 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788784/000119312522108775/0001193125-22-108775-index.htm
- Executive change
  Ralph A. LaRossa was elected as President and Chief Executive Officer at PUBLIC SERVICE ENTERPRISE GROUP INC.
  - Action: elected
  - Role: President and Chief Executive Officer
  source text: Also on April 18, 2022, the Board elected Ralph A. LaRossa, currently PSEG’s Chief Operating Officer, to succeed Mr. Izzo as President and CEO effective September 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788784/000119312522108775/0001193125-22-108775-index.htm
- Executive change
  Ralph A. LaRossa was appointed as Director at PUBLIC SERVICE ENTERPRISE GROUP INC.
  - Action: appointed
  - Role: Director
  source text: By operation of PSEG’s by-laws, Mr. LaRossa will also join the Board when he becomes President on September 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788784/000119312522108775/0001193125-22-108775-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.