Jamie Gentoso
PUBLIC SERVICE ENTERPRISE GROUPAbout Jamie M. Gentoso
Jamie M. Gentoso, P.E., age 48, has served as an Independent Director of Public Service Enterprise Group (PSEG) since 2022. She is President of Holcim Building Envelope and Global Head of Solutions & Products, and an Executive Committee member at Holcim, with prior leadership in U.S. cement operations; she holds an MBA and a BS in Civil Engineering from the University of Michigan and is a registered Professional Engineer. The Board has determined that all current Directors other than the CEO are independent, and Gentoso is listed as independent; in 2024 each incumbent Director attended at least 75% of aggregate Board and committee meetings. Committee memberships: Finance and Industrial Operations.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Holcim (Swiss multinational building materials) | President, Building Envelope; Global Head, Solutions & Products; Executive Committee member | Since March 2021 | Led sustainability roadmap toward Holcim’s validated 2030/2050 SBTi targets; multi-billion unit leadership and M&A experience. |
| Holcim US | CEO, U.S. Cement Operations | May 2018 – Feb 2021 | Oversight of operations, safety, supply chain, capital programs. |
| Construction Specialties | VP of Sales & Marketing | Sep 2017 – May 2018 | Sales and product management oversight. |
| Sika Corporation US | Various leadership positions | Mar 2007 – Aug 2017 | Broad product and commercial leadership in construction materials. |
External Roles
| Category | Entity | Role | Notes |
|---|---|---|---|
| Current public company boards | — | — | None. |
| Prior public company boards | — | — | None. |
Board Governance
| Item | Detail |
|---|---|
| Independence | Independent Director; Board determined all Directors except CEO are independent. |
| Board/Committee Attendance | In 2024, each incumbent Director attended ≥75% of aggregate Board and applicable committee meetings. |
| Board Meetings 2024 | 7 (5 regular; 1 strategy; 1 special). |
| Committees (membership) | Finance; Industrial Operations. |
| Finance Committee (2024) | Chair: Scott G. Stephenson; Members include Gentoso; 4 meetings; oversight of financial policies, capital structure, pension/NDT investment guidelines and financial risk. |
| Industrial Operations Committee (2024) | Chair: Laura A. Sugg; Members include Gentoso; 4 meetings; oversight of capital projects, EHS, nuclear oversight, cybersecurity (OT/IT) and crisis management. |
| Lead Independent Director | Presides over executive sessions; coordinates agendas/information quality; annual individual assessment conversations. |
| Committee Composition | All committees other than Executive are comprised and chaired by Independent Directors. |
Fixed Compensation (Director)
| Component (2024) | Amount (USD) |
|---|---|
| Annual cash retainer | $120,000 |
| Committee chair fees | $0 (Gentoso is not a chair) |
| Lead Independent Director fee | $0 (not applicable) |
| All other compensation | $150 (charitable/matching) |
| Total cash and other | $120,150 |
| Total compensation | $300,190 |
Fee schedule reference: Annual Retainer $120,000; Annual Equity Grant $180,000; Chair fees Governance/Finance/IOC $25,000; Audit/O&CC $30,000; LID $40,000.
Performance Compensation (Director)
| Equity element | 2024 specifics | Vesting/Distribution | Notes |
|---|---|---|---|
| Annual equity grant (stock units under Directors’ Equity Plan) | $180,040 grant-date fair value; 2,579 units at $69.81 on May 1, 2024 | Fully vested by April 30 following grant; accrues dividend equivalents; distributions occur after termination or per elected schedule (lump sum or 3–15 year installments; some elections upon vesting if ownership requirement met) | No options; no performance-conditioned equity for Directors; quarterly dividend credits added to stock unit accounts. |
Other Directorships & Interlocks
| Topic | Assessment |
|---|---|
| Public company interlocks | None; reduces information-flow/conflict risk across peers/customers/suppliers. |
| Related-party screen | Governance Committee reviews and must approve transactions with related persons; no related-party transactions disclosed involving Gentoso. |
Expertise & Qualifications
- Registered Professional Engineer; MBA and BS in Civil Engineering (University of Michigan).
- 20+ years in construction materials with leadership in operations, safety, supply chain, capital programs, and sustainability roadmap toward Net Zero.
- Finance oversight experience via Finance Committee membership; industrial operations, nuclear oversight, and cybersecurity via IOC membership.
Equity Ownership
| Holder | Owned Shares (#) | Stock Units/RSUs (#) | Beneficial Ownership (#) | % of Class | Ownership Guideline Status |
|---|---|---|---|---|---|
| Jamie M. Gentoso | 0 | 8,537 | 8,537 | <1% | Not yet met Director stock ownership requirement of $720,000 (6x retainer); new Directors (joined April 2022) noted as not yet meeting. |
Policy and trading controls:
- Directors must maintain stock ownership equal to six times the annual retainer ($120,000), i.e., $720,000, before selling PSEG stock.
- Hedging and pledging of PSEG securities are prohibited for all employees and Directors; pre-clearance required for trading by Directors/officers.
Governance Assessment
- Strengths: Independent Director with dual committee roles in Finance and Industrial Operations; Board-wide independent committee structure; clear prohibition on hedging/pledging; robust related-person transaction review; Board and committee attendance thresholds met in 2024; strong shareholder support for executive pay (94.1% Say-on-Pay in 2024), signaling constructive investor engagement.
- Alignment: Director equity in stock units with dividend equivalents and stock ownership requirement fosters skin-in-the-game; distributions structured post-service support long-term alignment.
- Watch items: Gentoso has not yet met the Director ownership guideline (timing consistent with 2022 onboarding); monitor any potential arm’s-length dealings between PSEG and Holcim or affiliates—none disclosed, but Governance Committee oversight applies.
- Compensation risk signals: Director pay is fixed retainer + stock units; no options or performance-conditioned awards for Directors; fees benchmarked to peer median; no “golden leash” arrangements disclosed.
Appendix: Board/Committee Activity Reference
| Body | 2024 Meetings | Notes |
|---|---|---|
| Board of Directors | 7 | 5 regular; 1 strategy; 1 special; each incumbent ≥75% attendance. |
| Finance Committee | 4 | Gentoso member; oversees financial policies, capital structure, pension/NDT investment guidelines, risk. |
| Industrial Operations Committee | 4 | Gentoso member; oversees capital projects, EHS, nuclear oversight, cybersecurity, crisis management. |