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Business Insights & Inspiration
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The Edge for April 2024

An Exclusive Article for NJ ChamberEdge

This month's contributors

What are the key elements of good leadership? We asked New Jersey executives that question, and we got a wide range of answers, including treat people with respect, communicate clearly, and recognize that everyone is motivated differently. Read more below.

 

Tom ScottTreat People with Respect

Effective leadership is people-centered. Treating people with respect fosters trust, creates belonging and builds collaboration. When leaders value collaboration, you see increased innovation, higher-performing teams, and a more engaged and empowered workforce.

– Thomas W. Scott, President and CEO, CentraState Healthcare System

 

Aiysha JohnsonAlways Listen. Motivation Can Come From Anywhere.

What every leader strives for is to relate well to their members, staff and stakeholders. Recognize that one-on-one connections and partner- and board-level discussions are all important, and provide insights. This is necessary since motivation and inspiration can come from anywhere and at any level.

– Aiysha (AJ) Johnson, CEO, NJ Society of CPAs

 

Peter TorcicolloBe Clear. Be Strategic. Be Approachable.

Some of the most important ingredients of good leadership are clear and effective communication, strategic thinking, and approachability. A good leader needs to be able to deliver messages of all types, in a way that they are clearly understood. The leader also needs to be tuned in to the big picture, so that all decision making advances his or her organization’s strategic objectives. Finally, a good leader is someone people are confident they can approach with questions, thoughts, and suggestions, without any apprehension.

– Peter J. Torcicollo. Managing Director, Gibbons P.C.

 

Alberto GarafaloLearn from Each Person You Encounter

Good leaders know that their minds aren’t limited by what they know today. Many of us have doubts from time to time, but what makes a good leader stand out is being able to identify and challenge their self-limiting beliefs. Doors can open once we stop telling ourselves that we’re too busy, or that our brains are “at capacity.” Clarity on the “why” is important. In addition to leaving others better off than they found them, good leaders can benefit from learning something from each person they encounter.

– Alberto Garofalo, president of Bank of America New Jersey

 

Mike MunozCreate a Culture Where Employees Enjoy Coming to Work

Finding ways to engage your employees and creating a culture where your employees enjoy coming to work each day, will help you be an impactful leader. Don’t ask anyone to do something you can’t do yourself and always equip your team with the resources, training, and support they need to succeed. Lastly, be transparent about challenges and receptive to new ideas. It enables you to build trusting relationships with associates.

– Mike Munoz, SVP & Market President, AmeriHealth

 

Dennis ToftRecognize that Everyone is Motivated Differently

Leadership must be enacted with specific objectives in mind and with recognition that everyone is motivated differently. The key is to understand what will influence each person. To me, the definition of good leadership is summed up best by the U.S. Army. It is “the process of influencing people by providing purpose, direction and motivation while operating to accomplish the mission and improve the organization.”

– Dennis M. Toft, Chair-Environmental Law Group, Chiesa Shahinian & Giantomasi

 

Stu BreretonArticulate the Why and Build Trust Through Words and Actions

Of all the key elements of effective leadership, communication is the glue that holds them together. Anyone can give orders, but a great leader articulates the “why” behind a directive and helps each person understand their role in reaching organizational goals. Clear communication goes hand-in-hand with trust. Building trust requires both effectively sharing your vision and ensuring that your team knows you have their back. Communication doesn’t happen solely by words; a leader’s actions demonstrate their commitment to their team’s success and well-being. It’s often through unspoken displays of selflessness that teams learn to trust their leaders.

– Stu Brereton, Vice President and Chief Sales Officer, Delta Dental of New Jersey

 

Responses for this article were edited for space and clarity.

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Newsmakers

Carolyn Welsh

NJ Sharing Network CEO Carolyn Welsh was honored by the organization for her 25 years of service in advancing the organization’s lifesaving efforts through the recovery and placement of donated organs and tissue in the state. Headquartered in New Providence, NJ Sharing Network partners with 54 hospitals to provide hope for nearly 4,000 N.J. residents waiting for a lifesaving organ transplant.


Betty Larson

Merck appointed 20-year health care industry veteran Betty Larson as executive vice president and chief human resources officer, the Rahway-based pharmaceutical giant announced. Larson is responsible for global human resources and diversity, equity and inclusion for the company. She comes to Merck from GE HealthCare, where she served as chief people officer.


Public Service Enterprise Group Foundation sent a $1.45 million gift to Stevens Institute of Technology to further develop sustainability programming at the school and develop a pipeline of talent prepared to address threats to sustainable development. This gift, the latest in a long relationship between the school and PSEG, will enable the school to create the Stevens Center for Sustainability.


Delta Dental of New Jersey announced that Stuart Brereton was named its new vice president and chief sales officer. Brereton previously was regional vice president at Prudential Financial, and spent many years before that at The Hartford, where he began as a sales executive, serving the large group market and ascending to the position of regional sales director. 


EisnerAmper, the global business advisory firm with a heavy presence in New Jersey, announced it will combine forces with Alabama-based tax and real estate consulting firm Tidwell Group LLC, in a transaction expected to close in May. Tidwell has 40 partners and a staff of more than 200 professionals in six offices across Alabama, Georgia, Texas and Ohio.


The M&T Charitable Foundation is awarding $900,000 in grants to commemorate its 30th anniversary – including a $30,000 grant to the affordable housing project of Habitat for Humanity of Passaic County in Paterson. Founded in 1993, the M&T Charitable Foundation is the philanthropic arm of M&T Bank.


TD Bank elevated Matthew “Matt” Boss to head of U.S Consumer Banking, the Cherry Hill-based financial institution announced. In his expanded role, Boss will be responsible for TD’s more than 1,100 store locations, contact centers, digital sales and capabilities, retail operations, U.S. Wealth and TD Auto Finance, while continuing to oversee all consumer product teams.


Hackensack Meridian Neuroscience Institute at JFK University Medical Center in Edison recently received a major research grant from the National Institute of Neurological Disorders and Stroke. The five-year award of more than $2.2 million will be used to study a novel approach to treating traumatic brain injury.


Camden-based American Water Charitable Foundation recently donated $250,000 to the American Red Cross as part of the foundation’s Disaster Relief Grant Program.


Aaron Hajart was named COO of Community Medical Center in Toms River, officials at RWJBarnabas Health announced. Hajart has experience within the RWJBarnabas Health system, serving as the Southern Region senior vice president for service line and practice integration. In this position, Hajart led initiatives reducing long-term admissions by 85% and cut unnecessary patient days by 14,000 per year.


New Jersey Institute of Technology’s Martin Tuchman School of Management announced it will offer a new concentration in business and sports data analytics beginning in the fall.