What's Happening?
MardiLyn Saathoff, the General Counsel for NW Natural Holding Company, has announced her retirement effective April 1, 2026, after nearly 18 years of service. Saathoff has been a pivotal figure in the company,
contributing significantly to its evolution from a natural gas utility to a diversified entity with operations across seven states. Megan H. Berge has been appointed to succeed Saathoff as Senior Vice President and General Counsel, effective January 1, 2026. Berge joined NW Natural Holdings in March 2025 as Deputy General Counsel and Corporate Secretary, bringing extensive experience from her previous role at Baker Botts. Saathoff will continue to serve as Chief Legal Officer until her retirement, overseeing regulation, business continuity, and corporate security.
Why It's Important?
The transition in leadership at NW Natural Holdings is significant as it marks a change in the legal and compliance oversight of a major utility company. Saathoff's retirement and Berge's appointment come at a time when the company is navigating the complexities of expanding its business operations and maintaining its commitment to safety and environmental stewardship. This leadership change could impact the company's strategic direction, particularly in areas related to regulatory compliance and environmental law, where Berge has notable expertise. The succession plan reflects the company's focus on continuity and strategic growth, which is crucial for maintaining investor confidence and operational stability.
What's Next?
As Megan H. Berge steps into her new role, she is expected to leverage her experience in environmental law and civil litigation to guide NW Natural Holdings through regulatory challenges and opportunities in the energy sector. The company may focus on expanding its renewable energy initiatives and enhancing its compliance frameworks. Stakeholders, including investors and regulatory bodies, will likely monitor how Berge's leadership influences the company's strategic initiatives and compliance with environmental regulations. The transition also underscores the importance of succession planning in ensuring leadership continuity and aligning with long-term business goals.
