Piedmont Natural Gas Announces Addition to Company's Executive Management Team

Karl W. Newlin named Senior Vice President - Corporate Planning and Business Development

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May 05, 2010, 03:00 ET

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