Folsom, NJ -
Edward J. Graham, chairman, president and CEO of South Jersey
Industries (NYSE:SJI) announces the promotion of Kenneth
R. DePriest to president of South Jersey Resources Group
effective January 1, 2010.
In his new position, DePriest is responsible for all activities
associated with SJRG, which provides wholesale commodity
marketing and risk management services to clients throughout
the southern, eastern and mid-western regions of the country,
including Fortune 500 companies, energy marketers, natural
gas and electric utilities and natural gas producers. SJRG
is headquartered in Bedford, Texas.
“Ken’s extensive understanding of, and experience
with, natural gas transportation, storage, supply, risk management
and industry infrastructure has enabled SJRG to grow to the
point of being SJI’s largest contributor to non-utility
earnings,” said Graham. “Under Ken’s guidance,
SJRG’s net worth increased from $7.7 million in 2002
to $91 million in 2008,” Graham noted.
DePriest, an SJI employee for nine years, most
recently served as vice president and COO of SJRG and vice
president of South Jersey Energy Solutions, SJRG’s
parent company. Prior to joining SJI, he was employed by
Union Pacific Resources for 20 years in various management
positions. DePriest, who holds a bachelor's degree in accounting
from the University of Oregon, lives in Keller, Texas with
his family.
South Jersey Industries (NYSE: SJI) is an energy
services holding company. A member of the KLD Global Climate
100 Index, SJI offers solutions to global warming through
renewable energy, clean technology and efficiency. South
Jersey Gas, one of the fastest growing natural gas utilities
in the nation strongly advocates energy efficiency while
safely and reliably delivering natural gas in southern New
Jersey. South Jersey Energy Solutions, the parent of SJI’s
non-regulated businesses, provides innovative, environmentally
friendly energy solutions that help customers control energy
costs. South Jersey Energy acquires and markets natural gas
and electricity for retail customers and offers energy-related
services. Marina Energy develops and operates on-site energy
projects. South Jersey Resources Group provides wholesale
commodity marketing and risk management services. South Jersey
Energy Service Plus installs, maintains and services residential
and commercial heating, air conditioning and water heating
systems, services appliances, installs solar systems, provides
plumbing services and performs energy audits. For more information
about SJI and its subsidiaries, visit http://www.sjindustries.com.
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