The Boards of Directors of NW Natural Holding Company (NYSE:
NWN) (NW Natural Holdings) and NW Natural Gas Company (NW Natural),
announced they have approved a number of senior management
promotions effective May 25, 2023.
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the full release here:
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Justin Palfreyman (Photo: Business
Wire)
Justin B. Palfreyman has been appointed president of NW
Natural Holdings and NW Natural. David H. Anderson remains chief
executive officer of NW Natural Holdings and NW Natural.
"NW Natural has a long record of thoughtful succession planning
and Justin’s appointment is another step in that tradition," said
Malia H. Wasson, NW Natural Holdings and NW Natural chair of the
board. "Justin is ready to assume these responsibilities and we
congratulate him on his promotion."
"Over the last seven years, Justin has demonstrated exceptional
leadership skills and that he has the experience and talent to add
great value to NW Natural’s core operations, customers and
shareholders while helping to set the course for the company’s
future," said David H. Anderson, NW Natural Holdings and NW Natural
chief executive officer. "Justin will now be responsible for the
bulk of day-to-day operations of the company and will continue to
report directly to me."
Previously, Palfreyman served as NW Natural's senior vice
president, strategy and business development since February 2023,
and vice president of strategy since 2017 and business development
since joining NW Natural in 2016. In addition, Palfreyman remains
president of NW Natural Water, a position he has held since
2018.
"It's an honor for me to be given this opportunity," said
Palfreyman. "Every day our employees deliver utility services and
renewable energy safely, reliably and affordably to our customers
in a sustainable way, and I'm extremely proud of our commitment to
our communities."
Prior to joining the company, Palfreyman served as a director in
the Power, Energy & Infrastructure Group for Lazard, Freres
& Co. and worked in the Infrastructure Investment Banking Group
at Goldman Sachs in New York. Palfreyman currently serves as
president of the Board of CASA for Children. He graduated from
Pacific Lutheran University with a Bachelor of Business
Administration. He also holds a Master of Business Administration
(MBA) from The University of Chicago Booth School of Business and a
Master of Public Policy (MPP) from The University of Chicago Irving
B. Harris School of Public Policy.
The board approved three additional senior management
promotions.
Frank H. Burkhartsmeyer senior vice president and chief
financial officer was promoted to executive vice president strategy
and business development and remains the chief financial officer of
NW Natural Holdings and NW Natural. Burkhartsmeyer has been with
the company since 2017 and will continue reporting to Anderson.
Prior to that, Burkhartsmeyer served as president and CEO of
Avangrid Renewables and senior vice president of finance at
Iberdrola Renewables Holdings US.
Kim Rush senior vice president operations and chief
marketing officer was promoted to senior vice president and chief
operating officer of NW Natural. Rush has served as senior vice
president of operations since 2018; her career at NW Natural began
in 1998.
Kathryn M. Williams vice president of public affairs and
sustainability was promoted to vice president, chief public affairs
and sustainability officer of NW Natural. Williams has been with
the company since 2019. Prior to that, Williams was the state
affairs manager at the Port of Portland and has also worked at
Imeson & Carter, a public affairs consulting firm.
Rush, Williams and Mike Kotyk, President of NW Natural
Renewables, will report to Palfreyman.
"We are very pleased to continue the company’s core strength of
succession planning by elevating such outstanding leaders to fill
these critical positions," said Anderson. "For 164 years NW Natural
Holdings has successfully navigated challenges and seized
opportunities -- and it's done so by growing and nurturing strong
leaders. These changes are in keeping with that legacy."
ABOUT NW NATURAL HOLDINGS
Northwest Natural Holding Company, (NYSE: NWN) (NW Natural
Holdings), is headquartered in Portland, Oregon and has been doing
business for over 160 years in the Pacific Northwest. It owns NW
Natural Gas Company (NW Natural), NW Natural Water Company (NW
Natural Water), NW Natural Renewables Holdings (NW Natural
Renewables), and other business interests.
We have a longstanding commitment to safety, environmental
stewardship and the energy transition, and taking care of our
employees and communities. NW Natural Holdings was recognized by
Ethisphere® in 2022 and 2023 as one of the World’s Most Ethical
Companies®. NW Natural consistently leads the industry with high
J.D. Power & Associates customer satisfaction scores. Learn
more in our latest ESG Report at
nwnatural.com/about-us/the-company/sustainability.
NW Natural is a local distribution company that currently
provides natural gas service to approximately 2.5 million people in
more than 140 communities through more than 795,000 meters in
Oregon and Southwest Washington with one of the most modern
pipeline systems in the nation. NW Natural owns and operates 21.6
Bcf of underground gas storage capacity in Oregon.
NW Natural Water provides water distribution and wastewater
services to communities throughout the Pacific Northwest, Texas and
Arizona. Upon closing of its pending acquisitions, NW Natural Water
will serve over 168,000 people through nearly 68,000 meters and
provide operation and maintenance services to an additional 15,000
connections. Learn more about our water business at
nwnaturalwater.com.
NW Natural Renewables is an unregulated business committed to
leading in the energy transition by providing cost-effective
solutions to support decarbonization in the utility, commercial,
industrial and transportation sectors. Learn more at
nwnaturalrenewables.com.
Additional information is available at
nwnaturalholdings.com.
“World’s Most Ethical Companies” and “Ethisphere” names and
marks are registered trademarks of Ethisphere LLC
FORWARD-LOOKING STATEMENTS
This press release, and other releases and presentations made by
NW Holdings and NW Natural from time to time, may contain
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by words such as “anticipates,”
“assumes,” “continues,” “intends,” “plans,” “seeks,” “believes,”
“estimates,” “expects,” “will,” and similar references to future
periods. Examples of forward-looking statements include, but are
not limited to, statements regarding the following: plans,
objectives, assumptions, estimates, timing, goals, strategies,
future events, water and wastewater services and delivery,
operations and maintenance support, value creation, succession
planning, including promotions of executive officers, environmental
stewardship, the energy transition, and other statements that are
other than statements of historical facts.
Forward-looking statements are based on our current expectations
and assumptions regarding our business, the economy, geopolitical
factors, and other future conditions. Because forward-looking
statements relate to the future, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. Our actual results may differ materially from
those contemplated by the forward-looking statements. You are
therefore cautioned against relying on any of these forward-looking
statements. They are neither statements of historical fact nor
guarantees or assurances of future operational, economic or
financial performance. Important factors that could cause actual
results to differ materially from those in the forward-looking
statements are discussed by reference to the factors described in
Part I, Item 1A “Risk Factors,” and Part II, Item 7 and Item 7A
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” and “Quantitative and Qualitative Disclosure
about Market Risk” in the Company’s most recent Annual Report on
Form 10-K and in Part I, Items 2 and 3 “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” and
“Quantitative and Qualitative Disclosures About Market Risk,” and
Part II, Item 1A, “Risk Factors,” in the Company’s quarterly
reports filed thereafter.
All forward-looking statements made in this report and all
subsequent forward-looking statements, whether written or oral and
whether made by or on behalf of the Company, are expressly
qualified by these cautionary statements. Any forward-looking
statement speaks only as of the date on which such statement is
made, and the Company undertakes no obligation to publicly update
any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as may be
required by law.
New factors emerge from time to time and it is not possible to
predict all such factors, nor is it possible to assess the impact
of each such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from
those contained in any forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230526005067/en/
Media Contact: David Roy Phone: 503-610-7157 Email:
david.roy@nwnatural.com
Investor Contact: Nikki Sparley Phone: 503-721-2530
Email: nikki.sparley@nwnatural.com
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