Market Overview

Piedmont Natural Gas Senior Vice President and CFO David J. Dzuricky to Retire at Fiscal Year-End in October

Piedmont Natural Gas (NYSE: PNY) announced today that chief financial officer David J. Dzuricky has announced his plans to retire at the end of the Company's current fiscal year on October 31, 2011. Mr. Dzuricky, who will turn 60 in October, has served as Piedmont's CFO since joining the Company in 1995. Thomas E. Skains, Piedmont's chairman, president, and chief executive officer commented, "In addition to being an excellent CFO, Dave's leadership and business acumen have made him a highly-valued and well-respected member of Piedmont's executive management team for more than sixteen years. Dave has always represented the interests of Piedmont Natural Gas, its employees, shareholders, and customers with integrity, enthusiasm, and commitment. He has been an outstanding business partner and is a close personal friend. We will all miss Dave and we wish him the absolute best in retirement."

Prior to joining Piedmont in 1995, Mr. Dzuricky was Vice President and Treasurer of Consolidated Natural Gas Company in Pittsburgh, Pennsylvania. Mr. Dzuricky, who received his bachelor's degree in marketing from Syracuse University and his MBA in finance from the University of Pittsburgh, was a key player in developing and structuring Piedmont's successful portfolio of complementary businesses which includes its Cardinal Pipeline, Pine Needle LNG, Hardy Storage, and SouthStar Energy Services joint ventures. In 2003, Dzuricky helped manage the successful acquisition, merger and integration of North Carolina Natural Gas from Progress Energy. That acquisition added approximately 176,000 customers in eastern and southern North Carolina to Piedmont's customer base and literally stretched Piedmont's service territory in North Carolina from the Appalachian Mountains to the Atlantic Ocean.

Posted-In: News Management

 

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