NW Natural Holdings and NW Natural CEO, David H. Anderson, announced his retirement intending to leave his position on April 1, 2025. The board of directors has designated Justin B. Palfreyman, who is currently the president of NW Natural Holdings and NW Natural, as the successor to Anderson. Anderson has been leading the company since August 2016, and during his tenure, he set a vision for the gas utility to decarbonize, built a water and wastewater utility platform, and started a renewables business.
Justin's appointment as the next CEO follows his strong performance as the president of NW Natural Water, leading the company's strategic efforts and business development. His responsibilities have expanded over the past year, and he has proven to have the vital skills and experience to lead the company into the future.
Justin Palfreyman joined the company in 2016 and has since served in various executive roles over business development, strategy, and as the president of NW Natural Water. He has played a key role in ensuring NW Natural Holdings has a strong, diversified portfolio of growing businesses and has been instrumental in helping the company continue its outstanding customer service and safety achievements.
NW Natural Holdings was recognized by Ethisphere for the third consecutive year in 2024 as one of the world's most ethical companies. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural currently provides natural gas service to approximately 2 million people in more than 140 communities through more than 800,000 meters in Oregon and southwest Washington with one of the most modern pipeline systems in the nation.
NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest, Texas, and Arizona. They currently serve over 180,000 people through approximately 74,000 meters and provide operation and maintenance services to an additional 20,000 connections.
NW Natural Renewables is a competitive business committed to leading in the energy transition by providing renewable fuels to support decarbonization in the utility, commercial, industrial, and transportation sectors. The market has reacted to these announcements by moving the company's shares -0.9% to a price of $36.4. Check out the company's full 8-K submission here.
