01—Abstract
Summary
Summary of the 8-K filed September 17, 2024. Cited figures are marked; the original filing is the authoritative source.
Public Service Enterprise Group Incorporated (PEG) filed this Form 8-K on September 17, 2024 to report a leadership transition in its legal function.
Tamara Linde, Executive Vice President and General Counsel, notified the company on September 11, 2024 of her decision to retire. Under the company's succession plan, Grace Park was appointed Executive Vice President and General Counsel effective September 16, 2024. Park was previously Deputy General Counsel and Chief Litigation Counsel.
Linde will transition to the role of Executive Vice President and Chief Legal Officer from September 16, 2024 through March 14, 2025, the date her retirement takes effect. Under the new agreement she will continue to receive the same compensation and benefits she received as General Counsel. Park will continue to report to Linde until her retirement.
The filing is primarily a governance and management disclosure rather than a financial one. The accompanying press release describes Linde's roughly 30-plus years with the company and highlights Park's background, including prior roles at PSEG, Pfizer Inc., and the U.S. Attorney's Office in Newark, N.J.
02—Key points
Key Highlights
- Tamara Linde, Executive Vice President and General Counsel, will retire effective March 14, 2025.
- Grace Park, previously Deputy General Counsel and Chief Litigation Counsel, was appointed Executive Vice President and General Counsel effective September 16, 2024.
- Linde will serve as Executive Vice President and Chief Legal Officer from September 16, 2024 to March 14, 2025, with unchanged compensation and benefits.
- The transition follows the company's planned succession process, according to CEO Ralph LaRossa.
- Park joined PSEG in 2017 and was promoted to Vice President, Deputy General Counsel and Chief Litigation Counsel in 2020.
- Linde joined PSEG in 1990 and served as General Counsel for the past 10 years.
03—Questions
Frequently Asked Questions
Who is replacing Tamara Linde as General Counsel?
Grace Park was appointed Executive Vice President and General Counsel, effective September 16, 2024, succeeding Linde in that role.
When will Tamara Linde retire?
Linde's retirement is effective March 14, 2025. Until then she serves as Executive Vice President and Chief Legal Officer, from September 16, 2024.
Will Tamara Linde's compensation change after the transition?
According to the filing, under the new agreement Linde will continue to receive the same compensation and benefits she received as Executive Vice President and General Counsel.
What is Grace Park's professional background?
Park joined PSEG in 2017 and was promoted to Vice President, Deputy General Counsel and Chief Litigation Counsel in 2020. Previously she was Acting Prosecutor in Union County, N.J., Senior Corporate Counsel for litigation at Pfizer Inc., and a federal prosecutor in the U.S. Attorney's Office in Newark, N.J. She is a graduate of the University of California, Berkeley and Harvard Law School.
04—Continue