Northwest Pipe Company Elects Irma Lockridge to its Board of Directors

Rhea-AI Summary

Northwest Pipe Company (NASDAQ: NWPX) announced the appointment of Irma Lockridge to its Board of Directors, effective February 22, 2023. Ms. Lockridge brings extensive expertise in human resources, organizational design, and diversity initiatives, previously holding senior roles in Fortune 100 companies and currently serving as Chief People Officer at CoorsTek. The Board expects to finalize her committee assignments at the next meeting. President Scott Montross expressed confidence that her background will support the company's growth in water-related infrastructure.

Positive

• Appointment of Irma Lockridge enhances leadership with expertise in human capital.
• Lockridge's experience in diversity and inclusion aligns with company values.
• Anticipated positive contributions to organizational development and growth.

Negative

• None.

News Market Reaction

-0.47%

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-0.47% News Effect

On the day this news was published, NWPX declined 0.47%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

New Director brings expertise in human capital and executive leadership.

VANCOUVER, Wash., Feb. 24, 2023 /PRNewswire/ -- Northwest Pipe Company (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure, announced today the appointment of Irma Lockridge to the Company's Board of Directors ("the Board") effective February 22, 2023.

Ms. Lockridge was unanimously elected to the Board as an independent director in accordance with Company Bylaws and Corporate Governance Principles. The Board anticipates additional committee appointments for Ms. Lockridge to be concluded upon in its next meeting.

Ms. Lockridge's background includes senior-level roles with predominantly Fortune 100 and 500 organizations, and she currently holds the position of Chief People Officer at CoorsTek, a global leader in technical ceramics. Ms. Lockridge has extensive experience in human resources and talent management, organizational design, executive compensation, succession planning, and diversity, equity and inclusion. She has previous experience on both publicly traded and private company boards.

"Irma is an excellent addition to our Board of Directors and will provide leadership in organizational development which is key in supporting Northwest Pipe as we continue to grow," said Scott Montross, President and Chief Executive Officer of Northwest Pipe Company. "With experience in human capital; diversity, equity, and inclusion programs, and manufacturing processes, we are confident she will make a valuable contribution to the Company."

About Northwest Pipe Company – Founded in 1966, Northwest Pipe Company is a leading manufacturer of water-related infrastructure products. In addition to being the largest manufacturer of engineered steel water pipeline systems in North America, the Company manufactures stormwater and wastewater technology products; high-quality precast and reinforced concrete products; pump lift stations; steel casing pipe; bar-wrapped concrete cylinder pipe; and one of the largest offerings of pipeline system joints, fittings, and specialized components. Strategically positioned to meet growing water and wastewater infrastructure needs, Northwest Pipe Company provides solution-based products for a wide range of markets under the ParkUSA, Geneva Pipe and Precast, and Permalok®, and Northwest Pipe Company lines. The Company's diverse team is committed to quality and innovation while demonstrating its core values of accountability, commitment, and teamwork. The Company is headquartered in Vancouver, Washington, and has 13 manufacturing facilities across North America. Please visit www.nwpipe.com for more information.

Contact:
Aaron Wilkins 
Chief Financial Officer 
Northwest Pipe Company
360-397-6294 • awilkins@nwpipe.com

 

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SOURCE Northwest Pipe Company

FAQ

Who is the new director appointed to Northwest Pipe Company's Board?

Irma Lockridge was appointed to the Board of Directors of Northwest Pipe Company.

What is Irma Lockridge's professional background?

Irma Lockridge has held senior positions in Fortune 100 companies and is currently the Chief People Officer at CoorsTek.

When was Irma Lockridge appointed to the Board?

Irma Lockridge was appointed to the Board on February 22, 2023.

What potential impact does Lockridge's appointment have on Northwest Pipe Company?

Her expertise in human resources and organizational development is expected to positively influence the company's growth.