Northwest Natural Gas Company, dba, NW Natural (NWN: Quote) announced the election of Tod Hamachek as board chairman. Hamachek will replace Russell Tromley who is retiring after serving as chair since 2008 and as a member of the board since 1994.
The company stated that Hamachek is the former chairman and CEO of Penwest Pharmaceuticals Company in Danbury, Conn. He currently serves as a director of The Seattle Times Company, The Blethen Corporation, Virginia Mason Medical Center and Virginia Mason Medical System in Seattle. He is also president of the Board of Directors of The Sun Valley Center for The Arts in Ketchum, Idaho.
Additionally, NW Natural's board of directors extended the company's share repurchase program effective through May 31, 2013. The repurchase program, first authorized in 2000, authorizes the company to purchase up to $100 million in value and up to 2.8 million shares of the company's common stock.
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by RTT Staff Writer
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