SOURCE: Northwest Natural Gas Company

Northwest Natural Gas Company

July 27, 2015 13:15 ET

NW Natural Board of Directors Names David H. Anderson President

PORTLAND, OR--(Marketwired - Jul 27, 2015) - The board of directors for Northwest Natural Gas Company, dba NW Natural (NYSE: NWN), appointed David H. Anderson as president of the company effective August 1, 2015. Anderson will also continue to serve as NW Natural's chief operating officer. The Oregon-headquartered natural gas utility, founded in 1859, is the region's largest independent local distribution company.

"NW Natural has a long record of thoughtful succession planning and David's appointment is another step in that tradition," said Tod Hamachek, NW Natural chairman of the board. "David is ready to assume these responsibilities and we congratulate him on his promotion."

"Over the past 11 years, David has demonstrated exceptional leadership skills and helped build a strong utility that delivers great value to its customers and shareholders," said Gregg Kantor, NW Natural's CEO. "As David moves into the president role, he will continue to be responsible for the bulk of the day-to-day operations of the company and will continue to report directly to me."

Previously, Anderson had served as executive vice president of operations and regulations, and as senior vice president and chief financial officer upon joining NW Natural in 2004.

"It's a privilege for me to be given the opportunity to lead our 156-year-old company into the future," said Anderson. "Every day NW Natural employees deliver natural gas safely, reliably and affordably to our customers, and I'm honored to oversee our commitment to the community."

Before coming to NW Natural, Anderson was senior vice president and CFO at TXU Gas, and controller and chief accounting officer for TXU Corporation. 

Anderson is a trustee and Investment Committee chair on the Portland State University Foundation Board and also chairs the Association of Oregon Industries Fiscal Policy Committee. He is past president of Oregon Partnership, past chair of the American Gas Association Finance Committee, and Fiscal and Tax Committee. He has also served on the boards of the Northwest Gas Association, Oregon Mentors, PSU School of Business and the Oregon Department of Education business advisory team. Anderson is an accounting graduate of Texas Tech University, and is a CPA and CGMA. He, his wife Susan and their two sons live in Portland.

About NW Natural
NW Natural (NYSE: NWN) is headquartered in Portland, Ore., and provides natural gas service to about 707,000 residential, commercial, and industrial customers through 14,000 miles of mains and service lines in Western Oregon and Southwest Washington. It is the largest independent natural gas utility in the Pacific Northwest with $3 billion in total assets. NW Natural and its subsidiaries own and operate underground gas storage facilities with designed storage capacity of approximately 31 Bcf in Oregon and California. Additional information is available at nwnatural.com.

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