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NW Natural Creates Dick Reiten Leadership Fund at Oregon Community Foundation.

The Board of Directors of NW Natural Gas Co. , dba NW Natural, has announced the creation of a charitable fund at the Oregon Community Foundation to honor retiring Chief Executive Officer Richard G. Reiten.

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Reiten, who continues to serve as Board Chairman, retired as CEO on December 31. Mark Dodson, President and Chief Operating Officer of NW Natural, succeeded Reiten as CEO. Reiten also is serving as chairman of the American Gas Association in 2003.

NW Natural donated $125,000 to the Oregon Community Foundation (OCF) to create the NW Natural/Dick Reiten Leadership Fund, said NW Natural board member Melody Teppola. Interest earned on the fund will be donated annually to non-profit organizations selected by the Reiten family. The fund will be administered by the OCF.

"Dick's leadership has been essential to NW Natural's ongoing success, but his service as a leader goes beyond NW Natural," Teppola said. "Dick's deep commitment to community service has made Oregon a better place to live, and NW Natural could think of no better way to honor him than to turn his legacy of leadership into a permanent community asset."

Reiten joined NW Natural as President in 1996, and succeeded Robert Ridgley as Chief Executive Officer in 1997. In 2000, he was elected Chairman of the NW Natural board. Prior to NW Natural, Reiten was President and Chief Operating officer of Portland General Electric and served as Director of the Oregon Department of Economic Development during the term of Governor Neil Goldschmidt.

Reiten has served on numerous non-profit boards and community projects throughout his career. He presently is a board member of several corporations, including U.S. Bancorp, the Regence Group, AEGIS Insurance Services and ESCO Corp. He also is a trustee of the Nature Conservancy of Oregon and has served as a director of the Portland metropolitan Chamber of Commerce and the United Way of the Columbia-Willamette.

NW Natural, the Pacific Northwest's oldest and largest natural gas distribution company, serves about 500,000 customers in Oregon and nearly 50,000 customers in southwest Washington.

CONTACT: press, Steve Sechrist, ext. 3517, or, or investors, James Boehlke, ext. 2451, or, both of NW Natural, +1-503-226-4211

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Publication:PR Newswire
Geographic Code:1USA
Date:Jan 17, 2003
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