NW Natural Holdings Elects Justin B. Palfreyman as Next CEO
Palfreyman to succeed the retiring David H. Anderson
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)
“I am honored to have the opportunity to lead this great company,” Palfreyman said. “Our employees, customers and communities have benefited greatly from David’s 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.”
Malia H. Wasson, chair of NW Natural Holdings’ Board, praised both Palfreyman and Anderson: “Justin 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
Wasson continued, "It would be difficult to overstate David’s impact on the company. He built the platform for our water and renewables businesses, expanded our gas utility operations into
Anderson became NW Natural Holdings’ 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.
“I am grateful for the privilege I’ve 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
Palfreyman 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’ and NW Natural’s 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.
About NW Natural Holdings
Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) is headquartered in
NW 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® for three years running 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 Community and Sustainability Report at ir.nwnaturalholdings.com/sustainability.
NW 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
SiEnergy is one of the fastest growing natural gas distribution utilities in the nation, serving approximately 70,000 customers in the greater metropolitan areas of
NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest,
NW Natural Renewables is committed to leading in the energy transition by providing renewable fuels. 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20250303019400/en/
Investor Contact:
Nikki Sparley
Phone: 503-721-2530
Email: nikki.sparley@nwnatural.com
Media Contact:
David Roy
Phone: 503-610-7157
Email: david.roy@nwnatural.com
Source: NW Natural
