{"id":820356,"date":"2025-03-03T07:05:20","date_gmt":"2025-03-03T12:05:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nw-natural-holdings-elects-justin-b-palfreyman-as-next-ceo\/"},"modified":"2025-03-03T07:05:20","modified_gmt":"2025-03-03T12:05:20","slug":"nw-natural-holdings-elects-justin-b-palfreyman-as-next-ceo","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nw-natural-holdings-elects-justin-b-palfreyman-as-next-ceo\/","title":{"rendered":"NW Natural Holdings Elects Justin B. Palfreyman as Next CEO"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nNW Natural Holdings Elects Justin B. Palfreyman as Next CEO<\/p>\n<p><b><i>Palfreyman to succeed the retiring David H. Anderson<\/i><\/b><\/p>\n<p>PORTLAND, Ore.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe Board of Directors of NW Natural Holdings and NW Natural elected Justin B. Palfreyman to the position of President and Chief Executive Officer of Northwest Natural Holdings and Chief Executive Officer of NW Natural, effective April 1, 2025. Palfreyman will succeed David H. Anderson, who is retiring.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250303019400\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250303019400\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 384px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250303019400\/en\/2397594\/4\/Palfreyman_wht_RGB.jpg\" alt=\"The Board of Directors of NW Natural Holdings and NW Natural elected Justin B. Palfreyman to the position of President and Chief Executive Officer of Northwest Natural Holdings and Chief Executive Officer of NW Natural, effective April 1, 2025. (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">The Board of Directors of NW Natural Holdings and NW Natural elected Justin B. Palfreyman to the position of President and Chief Executive Officer of Northwest Natural Holdings and Chief Executive Officer of NW Natural, effective April 1, 2025. (Photo: Business Wire)<\/p>\n<\/div>\n<p>\n\u201cI am honored to have the opportunity to lead this great company,\u201d Palfreyman said. \u201cOur employees, customers and communities have benefited greatly from David\u2019s tremendous leadership since 2016, and I am excited to build off of what he and the team accomplished during his tenure. We are in a strong strategic and financial position, and I am eager to lead NW Natural into its next chapter, marked by growth across our four businesses and a continued focus on our culture of customer service and safety.\u201d<\/p>\n<p>\nMalia H. Wasson, chair of NW Natural Holdings\u2019 Board, praised both Palfreyman and Anderson: \u201cJustin has proven that he has the right skills and leadership capacity to succeed as CEO. His many strengths have been evident throughout his time here, beginning with his roles in strategy and business development, as president of NW Natural Water, and especially during his last two years as president of NW Natural Holdings. The Board is very excited to support Justin as he moves into his new role.\u201d<\/p>\n<p>\nWasson continued, &#8220;It would be difficult to overstate David\u2019s impact on the company. He built the platform for our water and renewables businesses, expanded our gas utility operations into Texas, and set the vision for decarbonizing while continuing to grow the company. He did all of this despite a number of challenges and without ever wavering in his commitment to the company\u2019s core values. David is leaving the company in both great shape and good hands.\u201d<\/p>\n<p>\nAnderson became NW Natural Holdings\u2019 CEO in August of 2016 after serving as president and chief operating officer (COO). He came to the company in 2004, and his tenure has included service as executive vice president and senior vice president and chief financial officer.<\/p>\n<p>\n\u201cI am grateful for the privilege I\u2019ve had to lead NW Natural Holdings and the talented, committed people who work here. It is very important to our board and to me that we position the company for future success, and I believe that we have done that with the election of Justin to succeed me. His strong industry experience, strategic mindset, and excellent leadership skills will serve him and the company well. He will be a terrific CEO; our people\u2014my incredible NW Natural colleagues\u2014deserve nothing less.\u201d<\/p>\n<p>\nPalfreyman joined the company in 2016 and since then has served in various executive roles over business development, strategy, and president of NW Natural Water. In May 2023, he was promoted to NW Natural Holdings\u2019 and NW Natural\u2019s president. Prior to joining the company, Palfreyman served in various roles in investment banking covering the power, energy and infrastructure sector. He graduated from Pacific Lutheran University with a Bachelor of Business Administration, holds a Master of Business Administration (MBA) from The University of Chicago Booth School of Business, and holds a Master of Public Policy (MPP) from The University of Chicago Irving B. Harris School of Public Policy.<\/p>\n<p><b>About NW Natural Holdings<\/b><\/p>\n<p>\nNorthwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) is headquartered in Portland, Oregon and has been doing business for over 165 years. It owns Northwest Natural Gas Company (NW Natural), SiEnergy Operating (SiEnergy), NW Natural Water Company (NW Natural Water), NW Natural Renewables Holdings (NW Natural Renewables), and other business interests.<\/p>\n<p>\nNW Natural Holdings provides critical energy and delivers essential water and wastewater services to nearly one million customers across seven states. 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\u00ae for three years running as one of the World\u2019s Most Ethical Companies\u00ae. NW Natural consistently leads the industry with high J.D. Power &amp; Associates customer satisfaction scores. Learn more in our latest Community and Sustainability Report at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fir.nwnaturalholdings.com%2Fsustainability&amp;esheet=54217623&amp;newsitemid=20250303019400&amp;lan=en-US&amp;anchor=ir.nwnaturalholdings.com%2Fsustainability&amp;index=1&amp;md5=5a5e4ad866a0fdef40907c96e87ec52f\">ir.nwnaturalholdings.com\/sustainability<\/a>.<\/p>\n<p>\nNW Natural is a local distribution company that currently provides natural gas service to approximately 2 million people in more than 140 communities through approximately 806,000 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.<\/p>\n<p>\nSiEnergy is one of the fastest growing natural gas distribution utilities in the nation, serving approximately 70,000 customers in the greater metropolitan areas of Houston, Dallas, and Austin, Texas.<\/p>\n<p>\nNW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest, Texas, Arizona, and California. Today NW Natural Water serves an estimated 190,000 people through approximately 76,000 meters and provides operation and maintenance services to an additional 25,000 connections. Learn more about our water business at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fnwnaturalwater.com&amp;esheet=54217623&amp;newsitemid=20250303019400&amp;lan=en-US&amp;anchor=nwnaturalwater.com&amp;index=2&amp;md5=b4a1fde92924c9e390f5b8b46657a0ff\">nwnaturalwater.com<\/a>.<\/p>\n<p>\nNW Natural Renewables is committed to leading in the energy transition by providing renewable fuels. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fnwnaturalrenewables.com&amp;esheet=54217623&amp;newsitemid=20250303019400&amp;lan=en-US&amp;anchor=nwnaturalrenewables.com&amp;index=3&amp;md5=2518a110a2059c1ae4cb5eefad130130\">nwnaturalrenewables.com<\/a>.<\/p>\n<p>\nAdditional information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fnwnaturalholdings.com&amp;esheet=54217623&amp;newsitemid=20250303019400&amp;lan=en-US&amp;anchor=nwnaturalholdings.com&amp;index=4&amp;md5=fec51124703d9da207e175730804d063\">nwnaturalholdings.com<\/a>.<\/p>\n<p>\n\u201cWorld\u2019s Most Ethical Companies\u201d and \u201cEthisphere\u201d names and marks are registered trademarks of Ethisphere LLC<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250303019400r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250303019400\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250303019400\/en\/<\/a><\/span><\/p>\n<p>\nInvestor Contact:<br \/>\n<br \/>Nikki Sparley<br \/>\n<br \/>Phone: 503-721-2530<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:nikki.sparley@nwnatural.com\">nikki.sparley@nwnatural.com<\/a><\/p>\n<p>\nMedia Contact:<br \/>\n<br \/>David Roy<br \/>\n<br \/>Phone: 503-610-7157<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:david.roy@nwnatural.com\">david.roy@nwnatural.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Oregon United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Energy Utilities Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250303019400\/en\/2397594\/3\/Palfreyman_wht_RGB.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">The Board of Directors of NW Natural Holdings and NW Natural elected Justin B. Palfreyman to the position of President and Chief Executive Officer of Northwest Natural Holdings and Chief Executive Officer of NW Natural, effective April 1, 2025. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250303019400\/en\/836159\/3\/NWN_Holdings_Logo_hz.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>NW Natural Holdings Elects Justin B. Palfreyman as Next CEO Palfreyman to succeed the retiring David H. Anderson PORTLAND, Ore.&#8211;(BUSINESS WIRE)&#8211; The Board of Directors of NW Natural Holdings and NW Natural elected Justin B. Palfreyman to the position of President and Chief Executive Officer of Northwest Natural Holdings and Chief Executive Officer of NW Natural, effective April 1, 2025. Palfreyman will succeed David H. Anderson, who is retiring. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250303019400\/en\/ The Board of Directors of NW Natural Holdings and NW Natural elected Justin B. Palfreyman to the position of President and Chief Executive Officer of Northwest Natural Holdings and Chief Executive Officer of NW Natural, effective April 1, 2025. (Photo: &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nw-natural-holdings-elects-justin-b-palfreyman-as-next-ceo\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NW Natural Holdings Elects Justin B. Palfreyman as Next CEO&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-820356","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NW Natural Holdings Elects Justin B. 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Palfreyman will succeed David H. Anderson, who is retiring. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250303019400\/en\/ The Board of Directors of NW Natural Holdings and NW Natural elected Justin B. Palfreyman to the position of President and Chief Executive Officer of Northwest Natural Holdings and Chief Executive Officer of NW Natural, effective April 1, 2025. (Photo: &hellip; Continue reading &quot;NW Natural Holdings Elects Justin B. 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View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250303019400\/en\/ The Board of Directors of NW Natural Holdings and NW Natural elected Justin B. Palfreyman to the position of President and Chief Executive Officer of Northwest Natural Holdings and Chief Executive Officer of NW Natural, effective April 1, 2025. (Photo: &hellip; Continue reading \"NW Natural Holdings Elects Justin B. 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