Published:
NorthWestern Energy Appoints Robert C. Rowe as President and Chief Executive Officer
SIOUX FALLS, S.D. andBUTTE, Mont., Aug. 13 /PRNewswire-FirstCall/ --
NorthWestern Energy (NYSE: NWE) today announced the appointment of Robert C.
Rowe as President and Chief Executive Officer effective immediately as
successor to Michael J. Hanson. Rowe also has been appointed to the Company's
Board of Directors.
Hanson, who has resigned as President and CEO, will continue to serve the
Company as a consultant to ensure a seamless transition. "I want to thank
Mike for his service to the Company and for his leadership and significant
contributions to the organization," said E. Linn Draper, Jr., Chairman of the
Northwestern Energy Board of Directors. "In Bob Rowe, we have found an
excellent leader to carry on, and are pleased to welcome him to the Company.
He is well known to the Board of Directors and the management team. We have
the highest regard for his strategic and public policy insights as well as his
judgment. He also is very well respected among federal and state regulatory
authorities that are so integral to our business."
"My past ten years at NorthWestern, including three years as Chief
Executive Officer, have been very rewarding. I'm proud of what we
accomplished and believe the Company is well positioned for the future under
Bob's leadership," Hanson added. Hanson became President in August 2003 and
then President and CEO in May 2005. Prior to joining NorthWestern Energy in
1998, Hanson held various positions with Northern States Power inMinnesota,
North Dakota andSouth Dakota.
Rowe stated, "I am deeply honored to be able to lead a company that
provides essential services, infrastructure investment and employment in a
part of the country to which I am strongly committed. NorthWestern Energy is
one of the most important institutions in each of the communities we serve in
Montana,South Dakota andNebraska. The opportunity to help lead NorthWestern
Energy and work with its exceptional employees is a natural extension of my
20-plus year career working on energy and utility matters."
Immediately prior to his appointment as President and CEO, Rowe was a
co-founder and senior partner at Balhoff, Rowe & Williams, LLC, a specialized
national professional services firm providing financial and regulatory advice
to clients in the telecommunications and energy industries. Rowe served as
Chairman and Commissioner of the Montana Public Service Commission from 1996-
2004. He also served as President of the National Association of Regulatory
Utility Commissioners (NARUC). He has testified frequently before Congress
and has consulted with and trained non-U.S. Energy and telecommunications
regulators.
"The Board of Directors is focused on the utility business, and has a
strong commitment to the states it serves. Bob shares that commitment, and
will help us achieve our goals for customers, employees and shareholders,"
added Draper.
Rowe will have offices in bothButte andSioux Falls and be spending time
in each office as work demands. He will continue to reside inHelena.
About NorthWestern Energy
NorthWestern Energy is one of the largest providers of electricity and
natural gas in the Upper Midwest and Northwest, serving approximately 650,000
customers inMontana,South Dakota andNebraska. For more information about
NorthWestern Energy, visit our Web site at http://www.northwesternenergy.com.
SOURCE NorthWestern Energy
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