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February 06, 2016 7:28 PM ET

Road and Rail

Company Overview of New Jersey Transit Corporation

Company Overview

New Jersey Transit Corporation, through its subsidiaries, provides public passenger transportation services in the United States. It offers bus, rail, and light rail transit services that links various points in New Jersey, New York, and Philadelphia through approximately 262 bus routes, 3 light rail lines, and 12 commuter rail lines, as well as through Access Link paratransit service. The company operates a fleet of approximately 2,027 buses, 711 trains, and 45 light rail vehicles. It also administers various publicly funded transit programs for people with disabilities, senior citizens, and people living in the rural areas who have no other means of transportation. In addition, the company...

One Penn Plaza East

Newark, NJ 07105

United States

Key Executives for New Jersey Transit Corporation

Acting Chief Financial Officer, Treasurer and Member of Executive Committee
Chief of Staff
Chief of Government & External Affairs
Deputy Chief Financial Officer of Budgets
Compensation as of Fiscal Year 2015.

New Jersey Transit Corporation Key Developments

NJ Transit Announces Executive Changes

Dennis Martin, NJ Transit's general manager of bus operations is set to be named the agency's interim executive director. Dennis Martin became the agency's vice president and bus director in September 2014. From 1998 to 2003, Martin served as NJ Transit's director of terminal operations, working mostly with improving service at the Port Authority Bus Terminal. The NJ Transit board of directors officially promoted him to the job at a December 23, 2015, board meeting. Martin will replace Veronique Hakim, whose last day is Dec. 28. After less than two years at the helm, Hakim is leaving NJ Transit on Dec. 28 to take a job with the MTA.

NJ TRANSIT Appoints Veronique (Ronnie) Hakim as the New Executive Director, Effective March 1, 2014

NJ TRANSIT announced that the Board of Directors appointed Veronique (Ronnie) Hakim as the new Executive Director of NJ TRANSIT during a special meeting held on February 24, 2014. The appointment is effective March 1, 2014. Prior to Executive Director Hakims appointment, she led the New Jersey Turnpike Authority (NJTA) for nearly four years. During her tenure, Executive Director Hakim successfully spearheaded effective cost-cutting initiatives at NJTA while simultaneously maintaining the agency's high performance levels. These savings and efficiencies include reducing $10 million from the NJTA's operating budget, continuing funding of the agency's ambitious $7 billion Capital Program at a lower cost of capital, and bringing a higher level of transparency and accountability to the agency. Previously, Executive Director Hakim also served in leadership roles throughout a 23-year career with the Metropolitan Transportation Authority (MTA) in New York City. She first served as Special Counsel at MTA New York City Transit and later as Executive Vice President and General Counsel for Capital Construction at MTA Capital Construction. In that position, she provided senior management with policy and legal advice on numerous large-scale projects, including the Second Avenue Subway, the LIRR East Side Access Project, and the No. 7 Subway Extension Project.

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