NW Natural Holdings and NW Natural Directors Name Justin B. Palfreyman President and Approve Senior Management Promotions

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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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.