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NJBIZ Power 100: A-F

Mark Alles
Mark Alles
Not only does Summit-based Celgene Corp. look for cures to cancer, but it takes that mission personally. Alles serves on the board of Gilda's Club New York City, a nonprofit dedicated to helping families of cancer patients. Celgene has been at the forefront of the budding immunotherapy research field, a new type of cancer treatment that teaches the body's immune system to fight cancer. Celgene has finalized its $4.5 billion acquisition of Juno Therapeutics, which specializes in immunotherapy. And it recently opened a state-of-the-art treatment facility specializing in CAR T-cell therapy. The company is also partnering with the New Jersey Innovation Institute at the New Jersey Institute of Technology to create a training program in immunotherapy.
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Not only does Summit-based Celgene Corp. look for cures to cancer, but it takes that mission personally. Alles serves on the board of Gilda's Club New York City, a nonprofit dedicated to helping families of cancer patients. Celgene has been at the forefront of the budding immunotherapy research field, a new type of cancer treatment that teaches the body's immune system to fight cancer. Celgene has finalized its $4.5 billion acquisition of Juno Therapeutics, which specializes in immunotherapy. And it recently opened a state-of-the-art treatment facility specializing in CAR T-cell therapy. The company is also partnering with the New Jersey Innovation Institute at the New Jersey Institute of Technology to create a training program in immunotherapy. Ballantyne, as regional executive secretary-treasurer, and Sproule, as president and New Jersey regional manager, are a powerful tag team for the Northeast Regional Council of Carpenters. The council maintains a watch on regional contracts and any related problems during negotiations or implementation, while also keeping tabs on issues regarding the adoption of regulations. Back in the 1980s and 1990s, Ballantyne was a contractors’ foreman for projects in North Jersey, and Sproule was hired by the carpenters union as a council rep in 1999. Today, the duo’s regional rank-and-file constituency numbers 40,000. Now that’s a power base. The Rutgers University president has had a substantial influence on the state university since being appointed in 2012. He led development of an ambitious university-wide strategic plan, the first at Rutgers in almost two decades, and a corresponding physical master plan. And he successfully completed the university’s first billion-dollar capital campaign. Today, he faces contract demands by the Rutgers American Association of University Professors and American Federation of Teachers including a $15 minimum wage for hourly employees, expanded health care benefits, guaranteed job security and annual cost-of-living adjustments. The unions are negotiating on behalf of 20,000 Rutgers employees, who have already begun sporadic picketing. New Jersey Tech Council CEO since 2014, Barrood previously headed Fairleigh Dickinson University's Rothman Institute of Entrepreneurship. So you can expect this scary-smart industry and academic leader to lean toward the entrepreneurial perspective in most policy or political questions. He's also a board member of the New Jersey Chamber of Commerce and the Research & Development Council of New Jersey. A more forward-thinking leader you'll seldom meet, but know as well he's most interested in backing initiatives likely to bolster and grow the state's economy and tech base. We think that's powerfully impressive. As president of the New Jersey Institute of Technology, Bloom tub-thumps for STEM education while urging in particular that more women are needed in the fields of science, technology, engineering and mathematics. And to put some institutional heft behind that push, Bloom is responsible for NJIT partnering with industry to make higher education more accessible to nontraditional students. He touts such partnerships as serving the dual ends of driving economic development while preparing NJIT graduates for success. He’s also overseeing a significant upgrading of the schools facilities: NJIT unveiled a $110 million Wellness & Events center in late 2017 as part of a $400 million campus transformation. And in another Bloom-backed initiative, NJIT’s Martin Tuchman School of Management partners with IBM’s Global University Programs to give students access to boot camps and workshops. He’s the firm’s managing partner, having climbed the ranks at McCarter & English since starting as a summer associate in 1991. The firm is one of New Jersey’s biggest, and having ascended to its pinnacle Boccassini oversees a roster of 400 attorneys in nine offices, including two in New Jersey. He was appointed managing partner in 2016 and continues to set the standard for work ethic at the firm, specializing in the representation of nascent companies and their investors. Overall, the firm’s venture capital and startup practice closed 185 financings worth $437 million last year. McCarter & English also helped Morristown Medical Center settle a property tax dispute, resulting in a fairer landscape for hospitals’ taxation statewide. As New Jersey regional president of PNC Bank, Bowden continues to be one of the most influential and inspiring female executives in the state, especially as one of the few women in a top position in a male-dominated industry. But though PNC Bank is a top lender in the state and has the most branches here, Bowden’s influence does not stop there. She is a member of the Family Service League in Montclair and serves on the board of directors of the Adler Aphasia Center in Maywood. And she is also next in line to chair the powerful New Jersey State Chamber of Commerce. She also volunteers her time mentoring women in business as part of the Wings for Growth organization. The president and CEO of the New Jersey Chamber of Commerce sees the big picture, and that’s what makes him effective in his role as the chief liaison between the political and business communities. For Bracken, making (and keeping) the state affordable for businesses to prosper, and competitive enough to woo new ones here, is Job One. The 40-year veteran of the banking and financial services industry is no fan of the proposed tax hikes coming out of the statehouse, nor does he like what the Trump tax plan does to the state. In typical Bracken rhetoric, he told attendees of the chamber’s recent Walk to Washington event New Jersey is “under attack” from D.C. Powerful talk, powerful guy. It’s pretty simple: As New Jersey state director of 32BJ SEIU (Service Employees International Union), Brown’s power is roughly equivalent to that of his organization — big. Brown started with SEIU in 1987 as a membership organizer in Washington, D.C. Maybe that’s where he first picked up the whiff of power that’s served him so well ever since. Among recent coups was a four-year agreement in 2015 giving 90 percent of the covered 7,000 commercial and school janitors in New Jersey pay hikes to $15 an hour over the length of the pact. Oh, and he managed to hold firm against management demands for givebacks in health benefits. The president and CEO of Choose New Jersey Inc. remains on the list because Choose New Jersey remains an important entity. A signature project of former Gov. Chris Christie, Choose New Jersey was among the legacy projects from the previous administration placed under review by the incoming Murphy administration. Given its support across a variety of business sectors, it survived. Whether or not Brown stays at the helm is an open question, but for now she’s there and leading the private eco-devo nonprofit. Notably, Choose New Jersey was among those involved in crafting the state’s second-headquarters pitch to Amazon. of supermarkets group Wakefern Food Corp. He owns five of Wakefern’s supermarkets —significantly less than his counterparts Larry Inserra and Richard Saker, who are also on the list. But Colalillo is at the helm of the $16.3 billion company, which with 36,000 employees ranks among the state’s top employers. Importantly, Wakefern has seen healthy growth under Colalillo. Indeed, when he made our list in 2011, the company was worth just $9 billion. And the growth continues: In its most recent fiscal year, the largest retailer-owned cooperative in the U.S. opened four new ShopRites, two Fresh Grocers and two Price Rite stores. As president of Montclair State University, Cole leads a school that enrolls more than 21,000 students and, most impressively, is growing. As for aiding and abetting a similar expansion of the school’s physical plant, Cole presided over construction and the recent opening of a new $55.8 million School of Communication and Media, offering students access to one of the most technologically advanced college broadcast facilities in the U.S. Montclair State soon also will be adding a new $22.2 million computer science and information technology school. The 40,000-square-foot facility is set to open in the fall, capping a succession of facility additions dating to its nursing school opening in 2016. The school operates in Montclair State’s Partridge Hall, which was renovated to include simulation labs, an anatomy lab and a mock quarantine building. The CEO of Horizon Blue Cross Blue Shield of New Jersey is helping the state’s largest health insurer continue to set the standard for value-based care. Since taking over for the retired Robert Marino, Conlin has continued to facilitate deals to lower the cost of care for patients while guiding the company through the uncertainties of health care reform in Washington. Horizon finalized a full-risk payment model deal with Summit Medical Group, the first such arrangement of its kind, and engaged in a bundled payment arrangement with Hackensack Meridian Health’s breast cancer patients. As the new executive director of New Jersey Transit, Corbett inherited a powerful platform for public action. Gov. Phil Murphy appointed him in January, and he won board approval by February. But the position also comes with a long to-do list: Corbett has been asked to fix personnel and safety problems, equipment failures and financial mismanagement at the long-beleaguered state agency. NJ Transit also faces a federally mandated deadline of Dec. 31 for installing positive train control technology. The focus on safety came to the forefront after a 2016 crash at the Hoboken rail station killed one person and injured more than 100 others. Corbett is also trying to boost ridership, as fewer customers rode NJ Transit last year than in 2016. Let’s face it, when you’re speaker of the state General Assembly, it pretty much guarantees you a position of power. But Coughlin, who hails from Middlesex County, is a guy likely to use that position in a more muted manner than most, working effectively but quietly. Coughlin, D-19th District, was first elected to the Assembly in 2009. There he made his mark in areas including a burgeoning segment of business enterprise in the state: microbreweries. His legislation eased restrictions on small brewers and allowed for greater production and distribution throughout the state. He also has supported the use of tax credits to bolster the state’s manufacturing sector. Coughlin holds a law degree from St John’s University of New York, and he recently formed a law firm in Woodbridge, Rainone Coughlin Minchello. Profit per partner at Sills Cummis & Gross has grown 40 percent since Crane became managing partner a decade ago. During his tenure at Sills Cummis, where he began as an associate in 1984, Crane has been involved in equity and debt financings and energy projects amassing over $1 billion, including initial public offerings, debt restructurings, conventional financings and the selling off of equity in existing power projects. And throughout it all he has steered the 150-person firm with a steady hand and determined enthusiasm. Small wonder Benchmark Litigation named the firm New Jersey Litigation Firm of the Year in 2017 and 2018. Out of the 10 biggest New Jersey-based firms, Riker Danzig is the only one with a woman at the top. Along with Brian O’Donnell, Crawford is co-chair of the firm’s executive board and also heads its Products Liability and Mass Tort Practice Group. Johnson & Johnson has Crawford on speed dial: She leads the Riker Danzig defense team, providing counsel to the medical-products giant in multicounty pelvic mesh litigation in New Jersey and federal multidistrict litigation, coordinated nationwide. Crawford is a trustee for the Association of the Federal Bar of New Jersey and served a 10-year term as a member of the New Jersey Supreme Court Committee on Model Civil Jury Charges. As CEO of Investors bank, Cummings oversaw growth of the bank’s total assets to $25.13 billion in 2017 from $23.17 billion a year earlier, a nearly 8.5 percent increase. Much of this growth has come from the philosophy Cummings instilled in his bankers to truly understand the businesses they are lending to, rather than simply looking at the quantitative aspects of risk in lending. “As a bank grows larger, it can be a challenge to scale up without losing that focus, but that’s part of what differentiates people like Kevin Cummings from others,” said banking consultant Peter Ostrowski. Cummings also serves as chairman of the New Jersey Bankers Association. If all politics are local, then Darcy is sitting pretty as executive director of the New Jersey State League of Municipalities in Trenton. He’s been with the organization since 1990 and was named exec director in 2015. The League is an institutional resource for local government across the state, and it lobbies for positions deemed most favorable to local decision-making. In his post, Darcy has occasionally knocked heads with those seeking to implement federally or state-imposed regulations, with flaps including a long-running feud on affordable housing mandates. The League is considered a power base, and by extension that makes Darcy a notable power player in the state. Davis, chief corporate affairs officer at RWJBarnabas Health, has had a big year. A onetime chief policy counsel to former Gov. Jon Corzine, she has used that experience to work with elected officials to advocate health care issues affecting the state. The first woman and person of color to serve as an executive vice president at the former Saint Barnabas Health Care System, Davis leads a social-determinants program for RWJBarnabas, working with community leaders to improve the social conditions of various neighborhoods in the state to improve the health of its citizens. And make no mistake — it’s a program that other systems are closely looking at. As CEO of Mack-Cali Realty Corp., one of the country’s leading real estate investment trusts, DeMarco has been tasked in the last year-plus with guiding the REIT in a dramatic pivot from a portfolio dominated by office space to one filled with residential properties. He oversaw the disposition of over $528 million worth of real estate last year, as Mack-Cali’s subsidiary Roseland Properties led the residential charge. The gambit seems to be working; skeptics on Wall Street and elsewhere have become convinced, in large part due to their faith in DeMarco and early signs that a sharp focus on urban and high-performing suburban markets is the right strategy. Areas like Jersey City have been a direct benefactor of the REIT’s move into residential. And that could make other municipalities eager to begin working with DeMarco and Mack-Cali. As managing partner of McElroy, Deutsch, Mulvaney & Carpenter, Deutsch heads up the No. 1-ranked law firm in Pittsburgh, according to NJBIZ’s “2018 Book of Lists.” A founder of the firm, he continues to guide it to new growth — from within and beyond its Morristown headquarters. His team of almost 300 lawyers spans nine states. And that group pretty much boasts an expert in every business specialty. A close confidante of former Gov. Chris Christie, Deutsch was selected by Christie to chair the Department of Banking and Insurance transition subcommittee, and was nominated to be one of two public members of Christie’s Red Tape Commission chaired by then-Lt. Gov. Kim Guadagno.  South Jersey puts the garden in the Garden State, but it’s also home to businesses big, small and in-between. So as president and CEO of the Chamber of Commerce South New Jersey, DiLorenzo is positioned to wield an influential opinion when it comes to stumping for the business perspective on state and local government policy issues. Boasting graduate and undergrad sheepskins in communications from Rowan University, DiLorenzo also works on behalf of professional and civic organizations including The Richard Stockton College of New Jersey Foundation, Rohrer College of Business Advisory Council and Innovation New Jersey. Her recent inclusion in NJBIZ’s annual Best 50 Women in Business program was just one more reason DiLorenzo was an obvious choice to be on our latest Power 100. Doherty is state president of New Jersey at Bank of America, and last year was elected to chair the influential New Jersey Chamber of Commerce’s board. Doherty’s influence also extends to several charities, including the Community FoodBank of New Jersey, Newark Museum, New Jersey Performing Arts Center and the Community Foundation of New Jersey. Callahan, a market executive for commercial banking at Bank of America Merrill Lynch, is responsible for the delivery of a broad range of financial products to New Jersey businesses. She has worked for BofA since 2003. She’s also heavily invested in her local community, helping with youth athletic leagues, the Harding Historical Society and parent coordination at Summit’s Kent Place School. As chairman and CEO of New Jersey Resources, Downes wields considerable power in shaping industry policy among natural gas companies and the energy community in general. NJR and subsidiary New Jersey Natural Gas operate and maintain 7,300 miles of natural gas transportation and distribution infrastructure. Downes joined NJR in 1985 and 10 years later was named CEO. He added chairman’s duties in 1996. Eighteen years further on, natural gas has never been more prominent among the nation’s energy options, and Downes runs an operation at the heart of historic decisions on pipeline routes and related matters. And coincidentally or not, Gov. Phil Murphy recently appointed Downes as chairman of the New Jersey Economic Development Authority. Gibbons is the third-biggest law firm in the state, and Dunican has been steering the ship since 2004. Three years into his tenure, Gibbons joined American Lawyer’s annual AmLaw 200 list of the nation’s top 200 firms, and it’s still there. Dunican has resided on our list since its 2011 inception, and Law360 has touted him as one of the most innovative managing partners at a U.S. law firm. During the past two years, Gibbons has been the guiding hand of initiatives including a $1.1 billion bond issue by the state’s Sports and Exposition Authority for the American Dream Meadowlands project. As president of Princeton University, Eisgruber has led the Ivy League school for almost five years and has taken the lead in striking partnerships with various industries, most notably pharmaceuticals. Now, amid a national conversation about immigrants, Eisgruber has pledged his support for immigrants coming to the U.S. and enrolling in college through action. He has contacted the offices of the U.S. Secretary of State and Secretary of Homeland Security to voice concern over proposed changes in governmental policy that would decrease the likelihood of international students enrolling in U.S. colleges. As her title suggests, Verizon’s vice president of state government affairs for New York, New Jersey and Connecticut is a tri-state power player. And she has had her time on Capitol Hill as well, working alongside other powerful people. Before joining Verizon in July 2013, Eve served as chief economic development adviser to New York Gov. Andrew Cuomo. She served as senate counsel and homeland security advisor to then-Sen. Hillary Clinton and counsel to then-Sen. Joe Biden when he was ranking member of the United States Senate Judiciary Committee. Eve currently serves as a commissioner of the Port Authority of New York & New Jersey and member of the board of directors of the New Jersey State Chamber of Commerce, New Jersey Performing Arts Center and Choose New Jersey. Jersey Central Power & Light will spend $357 million this year to upgrade and replace equipment needed to bolster service reliability and avoid outages of the sort seen in pockets of the state during the recent winter storms. Yet whatever work remains to be done in the quest for higher standards of service for its million-plus customers, know that JCP&L was considered a turnaround project when Fakult first was appointed president in 2013. Much progress has been made, much remains to be marked. Count on Fakult to use his position of corporate and civic leadership to keep the utility on the right path. A stalwart of Republican politics in New Jersey dating back to his early days as a member of the Borough Council in Somerville, the managing partner of Princeton Public Affairs Group brings to his clientele three decades of government affairs and lobbying experience. He has advised previous Govs. Chris Christie and Christie Todd Whitman, and served as finance committee member on Christie’s gubernatorial campaign. Among PPAG’s long list of clients since its creation in 1987 include Philip Morris International, Allstate Insurance Co., New Jersey Society of CPAs, BioNJ, New Jersey State Nurses Association and Maersk Inc., the world’s largest container shipping company. Merck’s chairman and CEO was appointed to the latter post in 2011, becoming the first African-American to lead a major pharmaceutical company. He came to that job after serving as Merck’s general counsel, defending its corporate flanks in major lawsuits. Today, Big Pharma is back in the gunsights of trial lawyers coast to coast over the epidemic of opioids addiction and other issues, including high drug costs and how pharmaceuticals fit into 21st-century health care systems. Frazier isn’t one to be fazed by controversies, like when he resigned from one of President Trump’s business advisory councils following the white nationalist violence last year in Charlottesville, Va., that claimed a life. The Democratic mayor of Jersey City just turned 41 and was considered an early contender to succeed Chris Christie as governor. His success story mirrors that of Jersey City, where decades of mismanagement have been replaced by good orderly direction featuring redevelopment successes and hope of prosperity for the once-gritty community. He rose to run city hall from a prior stint on the Jersey City Council, and also held posts with grassroots organizations including the Downtown Coalition of Neighborhood Associations and the Historic Paulus Hook Association. Fulop’s academic background is impressive, featuring master’s degrees in business administration and public administration following undergrad studies at Binghamton University and England’s Oxford University.

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