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Business Leaders F-G
E. James Ferland
Chairman, President & CEO
Public Service Enterprise Group
80 Park Plaza T-4B
Newark, NJ 07101
Phone: (973) 430-7000
 
Named chairman. president and CEO of PUBLIC SERVICE ENTERPRISE GROUP July 1986, also chairman and CEO of principal subsidiary and NJ’s largest public utility, PUBLIC SERVICE ELECTRIC & GAS CO., since 1986> Prior to joining PSE&G in 1986, president and chief operating officer of Northeast Utilities, CT-based holding company and parent of public utility subsidiary The Hartford Electric Light Company utility> Started career as engineer with Hartford Electric Light 1964; in 1967 joined initial operating staff of Millstone Nuclear Power Station, named superintendent 1976> Appointed 1978 director-rate regulatory project at Northeast's corporate headquarters; 1980 executive vice president & chief financial officer; 1983 president & chief operating officer until accepting PSE&G position 1986> Also served as director of Vermont Yankee Nuclear Power Corp.; Yankee Atomic Electric Co.; and Maine Yankee Atomic Electric Co.> Implemented major reorganization, consolidation of PSE&G staff, shifting focus from regulated utility to competition in unregulated energy, other businesses> Current board member, Hartford Steam Boiler and Inspection and insurance Co.; FOSTER WHEELER CORP.; Nuclear Energy Institute; Association of Edison Illuminating Companies; past chairman, NJ CHAMBER OF COMMERCE; Public Affairs Research Institute of NJ; REGIONAL BUSINESS PARTNERSHIP> Past board member, Edison Electric Institute; Electric Power Research Institute; American Gas Association; Institute of Nuclear Power Operations; NJ UTILITIES ASSOCIATION> M.B.A. University of New Haven, B.S. University of Maine.

 

 

Malcolm S. Forbes, Jr.
President and Editor-in-Chief
Forbes Inc.
60 Fifth Avenue
New York, NY 10011
Phone:  (212) 620-2200
 
Known as ‘Steve’> CEO of Forbes publishing firm, including Forbes Magazine founded by grandfather 1917, formerly owned Forbes Newspapers weekly newspaper chain in NJ until 1997 sale> Inherited 51% of voting stock of Forbes upon 1990 death of father, Malcolm S. Forbes, Sr., also succeeded father as editor-in-chief after serving in various roles with magazine, including writing financial column, three-time recipient of  Crystal Owl award given to writer making most accurate economic forecasts> Joined magazine 1971 following enlistment in NJ National Guard 1970> Republican presidential primary candidate in 1996, 2000, advocate of flat tax, chair of 2001 BRET SCHUNDLER gubernatorial campaign> Resident of Somerset County with 520-acre farm breeding show cattle, served as president of Somerset County Park Commission for 10 years> Classmate of CHRISTINE TODD WHITMAN at Far Hills Country Day School, Forbes family long close to parents of Governor Whitman, major contributors to Whitman 1997, 1993 gubernatorial, 1990 US Senate campaigns, but Governor Whitman endorsed Senator Robert Dole over Forbes in 1996 presidential race> Member of 1997, 1993 Whitman gubernatorial campaign committee, reportedly key advocate for Whitman adopting income tax cut pledge during 1993 campaign, named 1993  to Whitman economic advisory committee, 1994 to Governor's economic master plan commission> Chairman of Empower America, conservative think tank and political action committee, other board members include Jack Kemp, William Bennett> Father Malcolm S. Forbes, Sr., NJ State Senator 1952-58 and 1957 NJ Republican gubernatorial nominee, lost to incumbent Governor Robert Meyner; RAYMOND BATEMAN started political career as aide to Forbes> B.A. 1970 PRINCETON UNIVERSITY, serves as Princeton trustee and benefactor> Born July 18, 1947, in Morristown.

 

 

Stanley C. Gale
Principal
Gale & Wentworth
200 Campus Drive, Suite. 200
Florham Park, NJ 07932
Phone: (973) 301-9500 
Fax: (973) 301-9501
e-mail: gw@galewent.com
 
Founded 1988, with partner FINN WENTWORTH, commercial real estate development and management firm  GALE & WENTWORTH, acquired NJ regional interests of The Sammis Company, later assembled $1 billion, 4,300-acre land and commercial development portfolio, now 15th largest US office developer, controls over 10% of northern NJ office space comprising some 24 million square feet, one of nation’s largest private suburban office portfolios> Also principal in investment group led by RAYMOND CHAMBERS and LEWIS KATZ and including Finn Wentworth which purchased 1998 NJ Nets National Basketball Association franchise, merged 1999 with NY Yankees to form YankeesNets corporation, acquisition in summer 2000 of NJ Devils National Hockey League franchise> Chairs Newark Sports and Entertainment, corporation seeking to develop new arena in downtown Newark for Nets and Devils> Other boards include NJ SEEDS, nonprofit selecting academically qualified, economically disadvantaged 7th graders, for summer preparatory programs for 9th grade entrance into highly competitive private secondary schools> Past chair, NJ Special Olympics; board member, Prosperity NJ; trustee, DREW UNIVERSITY; appointed by Governor CHRISTINE TODD WHITMAN to NJ Economic Master Plan Commission> M.B.A. Roy E. Crummer School of Business and Finance (Winter park, FL), B.A. Rollins College, played varsity soccer for four years.

 

Albert R. Gamper, Jr.
Chairman
Board of Governors
Old Queens
Rutgers University
New Brunswick, NJ 08901
Phone: (732) 932-7434
 
Retired 2004 as chairman and CEO of THE CIT GROUP asset-based lender and financing firm after serving since 1989> CIT acquired 2001 by TYCO INTERNATIONAL, spun off 2003 as independent company following TYCO scandals leading to indictments of CEO and chief financial officer> Allegations of TYCO mismanagement included $20 million finders fee paid to director FRANK WALSH for role in CIT acquisition> Prior positions of chairman and CEO of CIT and sector executive vice president of Manufacturers Hanover Asset-Based Financing Sector> Joined Manufacturers Hanover 1962, elected assistant secretary 1967, other positions include senior vice president-corporate planning 1970, executive vice president-private banking and securities division 1983, sector executive vice president-asset based financing sector 1985> Elected chairman & CEO of CIT 1987, restructured operations to increase profitability> Serves on board of NJ PERFORMING ARTS CENTER, to which CIT gave $1 million to support development> Also trustee, NJ NETWORK, SAINT BARNABAS MEDICAL CENTER, as well as chairman of medical center's parent corporation; director, NJ CHAMBER OF COMMERCE> Trustee, National Conference of Christians and Jews; member, board of overseers of RUTGERS UNIVERSITY Foundation; member, PARTNERSHIP for NJ; director, American Financial Services Association; trustee, Business Executives for National Security; Committee for Economic Development> B.A. RUTGERS UNIVERSITY, also attended professional management development program at Harvard Business School 1976> Born 1942 in Brooklyn, raised in NJ.

 

Raymond V. Gilmartin
Chairman, President & CEO
Merck & Company
One Merck Drive
PO Box 100
Whitehouse Station, NJ 08880

Phone: (908) 423-1000

 
Selected as MERCK & CO. CEO 1994 while serving as BECTON, DICKINSON CEO, to succeed retiring Merck CEO P. Roy Vagelos, with appointment surprising many analysts for departure from Merck tradition of internal promotions, lack of Gilmartin pharmaceutical experience>  Criticized for sharp drop in Merck stock price following 2004 decision to withdraw VIOXX arthritis drug from market following disclosures of increased risks of heart attacks and strokes, also lagging introduction of new drug products> Initially worked as consultant with BECTON DICKINSON, then joined 1976 as vice president, corporate planning, later advanced to group vice president 1982, senior vice president 1984, executive vice president 1986, president 1987, CEO 1989 and chairman 1992 until resignation to join Merck> Previously served as development engineer with Eastman Kodak, management consultant with Arthur D. Little> Chairman of board, Pharmaceutical Research and Manufacturers of America; chairman, ValleyCare Corp., parent corporation of VALLEY HOSPITAL; served on board of associates, Harvard Business School; director, former chairman, Health Industry Manufacturing Association; director, Project Hope, non-profit organization conducting health science programs; trustee of Committee for Economic Development, non-profit organization of corporate officers and university presidents reviewing economic policy issues> Other boards include PUBLIC SERVICE ENTERPRISE GROUP; BANK OF NEW YORK-NATIONAL COMMUNITY DIVISION; VALLEY HOSPITAL; Bergen Council of Boy Scouts> M.B.A. Harvard Business School, B.S. (electrical engineering) Union College (NY), past trustee, received honorary doctorate of laws from Union College 1999.

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Business Leaders A-E

Business Leaders F-G Business Leaders H-L Business Leaders M-R Business Leaders S-Z 

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