William T. Yardley Elected to New Jersey Resources Board of Directors, Bringing Decades of Energy Sector Leadership
New Jersey Resources (NYSE: NJR), a leading energy services company dedicated to delivering safe and reliable natural gas and clean energy solutions, today announced that William T. Yardley has been unanimously elected to its Board of Directors. His appointment will become effective July 1, 2025.
The announcement comes as NJR continues to strengthen its leadership and governance structure to support its long-term strategic growth in the energy sector. With a career spanning more than three decades in the natural gas and energy infrastructure industries, Yardley brings a depth of knowledge, visionary leadership, and a track record of driving innovation that aligns with NJR’s mission of delivering sustainable and forward-thinking energy solutions.
Recognized Industry Leader Joins the Board
“Bill Yardley is a proven leader in the energy industry,” said Steve Westhoven, President and Chief Executive Officer of New Jersey Resources. “Throughout his career, he has demonstrated an exceptional ability to lead organizations through complex regulatory environments while fostering innovation and aligning infrastructure operations with broader energy transition goals. His deep expertise in pipeline operations, strategic planning, regulatory strategy, and safety will be a tremendous asset to our company. I have no doubt the insight and strategic direction he will bring to our board will be invaluable as we continue to grow and evolve in an increasingly dynamic energy landscape.”
Yardley’s election to the NJR Board reflects the company’s ongoing commitment to excellence in governance and its strategy to bring together diverse perspectives that support innovation and operational excellence. His understanding of the energy ecosystem—from infrastructure development to public policy and stakeholder engagement—will help NJR navigate both challenges and opportunities as it works toward a more sustainable future.
Strengthening an Already Accomplished Board
Echoing Westhoven’s sentiments, Donald Correll, Chair of the Board of Directors of New Jersey Resources, emphasized the value Yardley adds to the company’s leadership structure.
“With his wealth of experience and proven track record of driving innovation and growth, the addition of Bill Yardley as a director makes our board stronger,” said Correll. “He is widely respected for his accomplishments and thought leadership across the industry, and we are pleased to welcome him. His appointment supports our strategy to enhance board capabilities with leaders who bring not only operational knowledge but also a deep understanding of the evolving policy and regulatory landscape.”
Yardley’s experience in leading large-scale energy infrastructure projects and managing complex regulatory challenges positions him to contribute immediately to the board’s oversight of key areas such as operational integrity, environmental stewardship, and strategic planning.
Career Highlights and Leadership Impact
Mr. Yardley currently serves as Chief Executive Officer of the Portland Natural Gas Transmission System (PNGTS), a critical component of the northeastern United States’ energy infrastructure. In this role, he leads a natural gas pipeline company that plays an essential role in delivering energy to constrained markets, ensuring reliability and supply in a region facing both growing demand and evolving energy policies.
Prior to his current position, Yardley held several senior executive roles that shaped the course of major energy companies. At Enbridge Inc., a global leader in energy delivery, he served as Executive Vice President and President of Gas Transmission and Midstream. In that capacity, he was responsible for managing one of North America’s largest portfolios of natural gas transmission pipelines and storage assets, spanning 17 systems across the United States and Canada. His leadership at Enbridge was instrumental in advancing initiatives related to energy transition, operational efficiency, pipeline integrity, and regulatory compliance.
Earlier in his career, Yardley served as President of U.S. Transmission at Spectra Energy, where he directed the operations and strategy of a major energy infrastructure company. His professional journey also includes leadership roles at Duke Energy as Group Vice President of Transmission and at Boston Gas Company as Vice President of Marketing, where he gained foundational experience in customer engagement, marketing strategy, and regional energy planning.
A Track Record of Board and Civic Engagement
Beyond his executive career, Yardley is also recognized for his contributions to industry organizations and his commitment to community service. He is currently an independent director for Enbridge Gas Inc., a position that underscores his reputation for independence and sound judgment in corporate governance.
He also serves on the boards of GTI Energy, a leading energy research and development organization, and the Northeast Gas Association, where he contributes to advancing safe and efficient energy practices across the region. His prior board roles include service as Chair of the Interstate Natural Gas Association of America (INGAA), a key voice in the U.S. pipeline industry, as well as board positions at Spectra Energy Partners, DCP Midstream, and the United Way of Greater Houston, reflecting a balanced commitment to both industry leadership and community impact.
Academic Background and Continued Learning
Mr. Yardley holds a Bachelor of Arts degree in Economics from Colby College, one of the nation’s top liberal arts institutions. He also earned a Master of Business Administration from Northeastern University, equipping him with a strong foundation in finance, strategy, and organizational leadership. To further enhance his executive capabilities, he completed the prestigious Advanced Management Program at Harvard University, a highly selective course designed for senior business leaders navigating complex, high-stakes environments.
Driving NJR’s Vision Forward
Yardley’s appointment comes at a pivotal time for NJR, as the company continues to invest in renewable energy, infrastructure modernization, and sustainability initiatives to meet growing energy needs and policy goals. With his extensive background in aligning infrastructure projects with long-term policy trends and sustainability goals, Yardley is well positioned to support NJR’s efforts to transition toward a cleaner energy future without compromising reliability or affordability for customers.
New Jersey Resources, through its subsidiaries, provides natural gas and clean energy services to more than half a million customers across New Jersey and the Mid-Atlantic region. The company is recognized for its strong performance, customer satisfaction, and commitment to environmental responsibility. With the addition of Bill Yardley to its board, NJR is further enhancing its ability to lead in an era defined by rapid technological, environmental, and regulatory change.
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.