Justin Palfreyman Joins NW Natural as VP of Business Development

Media Contact: Melissa Moore, NW Natural melissa.moore@nwnatural.com, 503-818-9845 (pager)


October 3, 2016


Justin Palfreyman Joins NW Natural as VP of Business Development

PORTLAND, Ore. — NW Natural (NYSE:NWN) has hired Justin Palfreyman to join its officer team and serve as the company's vice president of business development where he will be responsible for identifying and executing on growth opportunities for the company.

Palfreyman most recently worked as a director in Lazard's Power, Energy and Infrastructure Group in New York, where he provided strategic and financial advice to corporations, institutional investors, private equity funds and government clients. Prior to Lazard, he was an associate in the Infrastructure Investment Banking Group at Goldman Sachs in New York. Palfreyman has also held various positions in finance, strategy and business development at both Apex Learning and Accenture in Seattle, Washington.

"This is a pivotal time to pursue new opportunities and innovations in the natural gas business in a way that benefits our customers and shareholders," said David H. Anderson, NW Natural president and CEO. "Justin's proven track record and depth of experience will be a great addition to our team."

Palfreyman holds an MBA from The University of Chicago Booth School of Business, a master's of public policy from The University of Chicago Irving B. Harris School of Public Policy and a bachelor's of business administration from Pacific Lutheran University.

About NW Natural

NW Natural (NYSE:NWN) is headquartered in Portland, Ore., and provides natural gas service to more than 718,000 residential, commercial and industrial customers in Oregon and Southwest Washington. It is the largest independent natural gas utility in the Pacific Northwest. Additional information is available at www.nwnatural.com.

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