CHARLOTTE, N.C., May 5 /PRNewswire-FirstCall/ -- Piedmont Natural
Gas (NYSE: PNY) today announced the hiring of Mr. Karl W. Newlin, as Senior Vice President –
Corporate Planning and Business Development. He will assume
his position with the Company on May 10,
2010 and will report directly to Piedmont Chairman,
President and CEO Thomas E.
Skains. Mr. Newlin was until recently Managing
Director, Investment Banking with Merrill Lynch & Co. in their
New York and Los Angeles offices.
Mr. Newlin, 41, has extensive experience in the energy industry
leading teams in corporate financings and business transactions for
natural gas distribution and midstream companies, electric
utilities, independent power producers and clean energy
companies. In his new position, Mr. Newlin will oversee
the Company’s strategic planning functions, new business
development activities, carbon management initiatives and joint
venture investments.
Commenting on the addition of Mr. Newlin to Piedmont’s Executive
Management Team, Mr. Skains said, “We are very fortunate to have
someone of Karl’s experience and talent step into this new position
at Piedmont. He broadens the skill sets of our executive
management team and his leadership will play an important role in
our future success in a new energy economy.”
Mr. Newlin earned his Bachelor of Business Administration degree
from Southern Methodist University and
his Master of Business Administration from UCLA Anderson School of
Management. He and his family will move from Santa Monica, California, to Charlotte, North Carolina.
About Piedmont Natural Gas
Piedmont Natural Gas is an energy services company primarily
engaged in the distribution of natural gas to more than one million
residential, commercial and industrial utility customers in
North Carolina, South Carolina and Tennessee, including 52,000 customers served
by municipalities who are wholesale customers. Our subsidiaries are
invested in joint venture, energy-related businesses, including
unregulated retail natural gas marketing, interstate natural gas
storage and intrastate natural gas transportation. Additional
information about Piedmont is
available on the Internet at http://www.piedmontng.com.
SOURCE Piedmont Natural Gas