April 13, 2024

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NorthWestern Announces Management Changes Nasdaq:NWE

4 min read

Brian Chook to become company’s president and chief functioning officer
Bob Rowe to continue being chief govt officer Crystal Lail to turn into main money officer
Jeanne Vold to grow to be vice president – technological innovation.

Dana Dykhouse to come to be Board Chair adhering to retirement of
Stephen Adik and Julia Johnson just after the 2021 yearly assembly of shareholders.

BUTTE, Mont. and SIOUX FALLS, S.D., Feb. 09, 2021 (Globe NEWSWIRE) — Bob Rowe, president and chief executive officer of NorthWestern Company d/b/a NorthWestern Strength (Nasdaq: NWE) nowadays introduced a number of key executive and board changes. “Today’s announcement is section of deliberate succession organizing that reflects a sturdy business, setting up on its successes with its eyes toward the future,” mentioned Rowe. The government leadership modifications will be effective February 15, 2021, and the board retirements will be helpful pursuing the company’s 2021 annual conference of shareholders, currently scheduled for April 22, 2021.

Brian Chicken to come to be president and chief running officer

The board of directors approved the advertising of Brian Chook to president and chief running officer. Rowe will continue to be as chief executive officer.

As president and chief functioning officer, Fowl will oversee NorthWestern Energy’s functions, like electric powered and organic gas transmission and distribution, energy provide, shopper care, and technological know-how. He will continue to report to Rowe.

“Brian has been a critical NorthWestern Electricity chief over the past 17 yrs and played an instrumental part in guiding the enterprise to today’s reliable fiscal footing,” explained Rowe. “He is a respected sector money chief, with an exceptional knowing of our functions as effectively. This will make him excellent for his new purpose as president and chief working officer.”

Crystal Lail to become main economical officer

The board of administrators also accepted Crystal Lail as the company’s chief financial officer. Lail most recently served as the company’s main accounting officer and, prior to that, vice president and controller. She will report directly to Rowe and will oversee the company’s accounting, treasury, economic arranging, tax, and investor relations capabilities. Jeff Berzina, NorthWestern Energy’s controller since April 2020, has assumed obligation for the company’s accounting and monetary reporting capabilities and will proceed to report to Lail.

“Crystal has been a cornerstone of our accounting and economical reporting functionality for several decades,” mentioned Rowe. “Her leadership there and the company-extensive knowledge she obtained in that position will prove valuable as she ascends to the chief financial officer position for NorthWestern.”

Jeanne Vold to grow to be vice president – technologies

The board of administrators also approved Jeanne Vold as vice president – technological innovation. Vold, as vice president – engineering, will sign up for NorthWestern Energy’s government crew, reflecting the at any time-rising great importance of technological know-how to the company’s enterprise. Vold formerly served as organization technologies officer and has led the company’s engineering strategies for the earlier eight yrs. She will continue on to report to Chook.

Stephen Adik and Julia Johnson to retire from Board Dana Dykhouse to turn out to be chair successful at near of annual stockholders’ meeting

In addition to these appointments, Stephen Adik and Julia Johnson just about every a short while ago notified the company of their intent to retire from the firm’s board of administrators, efficient as of the election of administrators at the Company’s next annual conference of shareholders at present scheduled for April 22, 2021. Adik and Johnson each individual have served on the board of directors for extra than 15 a long time.

The board of directors has selected Dana Dykhouse, main government officer of Initially Leading Financial institution, to triumph Adik as the non-executive board chair and, Jeffrey Yingling to thrive Johnson as chair of the board’s nominating and governance committee. Mahvash Yazdi will triumph Dykhouse as the chair of the board’s human resources committee. Linda Sullivan will continue on as chair of the audit committee, and Jan Horsfall will keep on being chair of the basic safety, environmental, technological innovation, and operations committee.

Pursuing the two retirement bulletins, Rowe stated, “Steve Adik and Julia Johnson have been priceless board members. Their distinguished professions, experience, and stature inside the utility marketplace have been sizeable elements in our achievement, beginning with the company’s emergence from personal bankruptcy in 2004 and continuing these days. We will overlook their presence and management on our board. I appear ahead to their friendship and suggestions for a lot of years to arrive. We are privileged to have an additional expert leader, Dana Dykhouse, to just take around the reins as unbiased board chair. Dana has been an remarkable human methods committee chair. He has been energetic in all features of the board’s duties. He’s a respected chief and provides initial-hand know-how of our company territory to guide our board by its future chapter.”

About NorthWestern Power

NorthWestern Corporation, carrying out business as NorthWestern Power, supplies electrical power and / or all-natural gas to around 734,800 buyers in Montana, South Dakota, Nebraska, and Yellowstone National Park. We have produced and dispersed electrical energy in South Dakota and dispersed natural fuel in South Dakota and Nebraska considering the fact that 1923 and, have created and dispersed electrical power and distributed normal gasoline in Montana since 2002. Additional facts on NorthWestern Electrical power is accessible on the company’s World-wide-web web page at www.northwesternenergy.com.

Investor Relations Get in touch with: Media Contact:
Travis Meyer (605) 978-2967 Jo Dee Black (866) 622-8081
[email protected] [email protected]

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