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Business Insights & Inspiration
Business Insights & Inspiration
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The Edge for January 2018

An Exclusive Article for NJ ChamberEdge

Out with the old, in with the new. The new year is famous for new starts. So we asked seven New Jersey executives for their new year’s resolutions, as they relate to their companies, and how they plan to meet the challenge. See their answers here, and how they plan to succeed in 2018:

 

Stronger Team and Stronger Growth

Marjorie PerryWe are a smaller construction firm and our goal in 2018 is to grow revenue by 30 percent on the strength of an expanded team and our reputation for good customer service. We recently hired a CFO and two new senior project managers. This makes us more competitive in the marketplace. As far as customer service, we have a reputation for fast responses, and accurate execution. That gives our clients and our partners a sense of trust and confidence in our organization, and it leads to repeat clients. This year, we entered two joint ventures on large construction projects. Next year, our goal is to add two more joint ventures. That would account for 30 percent growth.

– Marjorie Perry, President and CEO, MZM Construction & Management, Newark

 

Look at Client Relationships from the Perspective of Clients

Max CraneThe new year is a great time for a renewed focus on client service. No matter how successful a law firm is, client service should always evolve and be a priority. This includes taking a fresh look at client relationships from the perspective of each client, as well as asking clients to define an outstanding result prior to the start of each new matter – lawyers are service providers and results count. Another area I would like my law firm to focus on in 2018 is social media. While we have increased the social media footprint of Sills Cummis & Gross, we still need to work on getting our individual lawyers to effectively use social media. If utilized properly, social media is a tool to enhance those professional relationships our attorneys have, not replace them. Here’s to a successful 2018!

– Max Crane, Managing Partner of Sills Cummis & Gross P.C.

 

Expand Diversity, Advance Inclusion

Yvette DonadoThis year has seen a seismic shift in how organizations are experiencing organizational culture, particularly around inclusion. In 2018, in my role as ETS’ chief diversity officer, in partnership with our CEO and the Council on Diversity & Inclusion, my resolution is to build on the foundation we created in 2017 and continue to work toward not only expanding our diversity, but advancing inclusion across the enterprise. Our lens must be broad and consider all activities through this dimension: who we hire, from where, mentorship opportunities, sponsorship by senior leaders and ambassadors of change who will help champion these ideals throughout the organization.

– Yvette Donado, SVP, Chief Diversity Officer, Educational Testing Service

 

Be Innovative Through Creative Thinking and Technology

Bill HagamanI resolve to encourage our firm’s team members to be innovative through creative thinking and the use of technology. The world changes quickly. You must keep up with business trends or risk being out of the game completely. We saw it happen to Nokia. Successful businesses have the foresight to identify client needs before they even know they have them, and fill in those gaps so their business is ready to respond. To stay ahead of the competition and the changes in our profession, we are committed to implementing new technology in most every department.

– Bill Hagaman, CEO & Managing Partner of Withum

 

Advance the Conversation on Economic Diversity

John HarmonIn 2018, we plan to expand the conversation on economic diversity by forging deeper relationships with our partners and leveraging their interests. There is no question that progress has been made in our state, however we all know that we can do better. Therefore, the AACCNJ plans to pursue a mission of collective excellence in the New Year. New Jersey can only realize its best potential when we acknowledge our shortcomings; value others’ talents, abilities and willingness to add value; and provide a clear pathway to implement resolutions.

– John E. Harmon Sr., President and CEO, African American Chamber of Commerce of New Jersey

 

Greater Collaboration Inside the Office

Nicole AlexanderIn the New Year, we will increase our focus on greater collaboration among our practice groups to offer "bundled services" to our clients. For example, for our healthcare clients, we will offer legal services beyond healthcare-related law and provide legal counsel for human resources, real estate, corporate, M&A, etc. so that the client benefits from an integrated approach based on the firm's complete understanding of the client organization's needs and goals. This new type of partnership can benefit the client as well as the firm, in terms of time, cost efficiencies and better outcomes.

– Nicole Alexander, Director of Professional and Business Development, McElroy, Deutsch, Mulvaney & Carpenter, LLP

 

Continue to Improve the Customer Experience

Dennis Wilson“Our 2018 resolution is to continue striving to improve our customers’ experiences with Delta Dental. In order to achieve this for our 1.6 million members, we have been promoting oral health in connection with overall health – extending well beyond the traditional role as a dental benefits provider. We now offer an expanded set of online educational resources to help patients find the information they need to make informed decisions. The Delta Dental app puts oral health information, finding a dentist, and benefits information at the users’ finger tips 24/7. Through this new platform, our customers can even obtain dental care cost estimates and make an appointment.”

–Dennis G. Wilson, President & CEO of Delta Dental New Jersey

Responses for this article were edited for space and clarity.

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Newsmakers

Shannon Lazare

Shannon Lazare has been named M&T Bank’s New Jersey regional president, succeeding Tom Comiskey in the role. Lazare, who joined M&T in 2013 as a senior relationship manager with business banking, has held the role of regional manager since 2019.


Karen McClendon

JCP&L parent company FirstEnergy Corp. announced that Karen McClendon has been named senior vice president and chief human resources officer, effective Nov. 11.


Prudential Financial said Jacques Chappuis has been appointed president and CEO of PGIM, the global asset management business of Prudential Financial, effective May 1, 2025. He succeeds David Hunt, who will retire as president and CEO and stay on as chairman of PGIM until July 31, 2025. With nearly 30 years of investment management experience, Chappuis joins PGIM from Morgan Stanley, where he was co-head of Morgan Stanley Investment Management.


World Cup sponsor Bank of America teamed with FIFA for a second time, signing on as a sponsor for the Club World Cup tournament. Bank of America became FIFA’s first global banking partner in August and sealed a separate deal for a second event also being played in the U.S.


NJIT’s Institute for Space Weather Sciences has been awarded a $5 million NASA grant to open a new research center dedicated to developing the next generation of solar eruption prediction capabilities — powered by artificial intelligence.


Former New Jersey Health Commissioner Judith Persichilli and former PSEG Chair and CEO Ralph Izzo are among a group of six leaders who will join the Hackensack Meridian Health Board of Trustees.


PSE&G was among the honorees at the New Jersey Department of Environmental Protection's 43rd annual Recycling Awards, for its work to make the state a cleaner and safer place. Public Service Electric & Gas (PSE&G) is dedicated to recycling or reusing nearly all the waste it generates, the DEP said.


Kenvue is continuing to chart its own course in the Garden State after being spun out from Johnson & Johnson in 2023. Earlier this year it broke ground on a new global headquarters in Summit. Kenvue, which currently resides in Skillman, will employ some 3,000 employees at the new home base, a 290,000-square-foot campus, including a 100,000-square-foot extension for a state-of-the-art Science and Innovation Lab. The company is expected to open the new headquarters in the first quarter of next year – and be fully moved in by 2026


South Jersey Industries, in recognition of Giving Tuesday, announced it is partnering with its employees to donate more than $350,000 in support to local, regional, and statewide community-based organizations.


The American Water Charitable Foundation, established by Camden-based American Water, kicked off Giving Tuesday by awarding a $100,000 grant to Feeding America, helping to end food insecurity. It also provided American Water employees with a $100 reward to donate to eligible charities of their choice.


From a small 12-bed house to a nationally recognized 339-bed regional medical center with locations throughout Central New Jersey, Robert Wood Johnson University Hospital Somerset, an RWJBarnabas Health facility, recently celebrated 125 years of providing health care to its community. The hospital was incorporated on Dec. 6, 1899.


Organ transplant recipients, living donors, and donor families from N.J, N.Y., and Connecticut gathered at MetLife Stadium to celebrate their achievements at the 2024 Transplant Games of America held in Birmingham, Alabama. The group, known as Team Liberty, brought home 118 medals in events such as basketball, track & field, swimming, pickleball and cornhole. They competed against thousands of participants from all 50 states. Team Liberty, a program of the Sharing Network Foundation, works year-round to raise awareness about the importance of organ and tissue donation and transplantation.


Santiago Tenorio

Basking Ridge-based Verizon Communications has appointed Santiago "Yago" Tenorio as chief technology officer and senior vice president of strategy and technology enablement. Tenorio will lead Verizon’s work in advancing 5G and mapping out the next generation of technologies.