#United States #Las Vegas #Corporate Leadership #Southwest Gas #Justin Forsberg

Southwest Gas Holdings Appoints Justin S. Forsberg as Chief Financial Officer

Southwest Gas Holdings, Inc. recently made headlines with the announcement of Justin S. Forsberg's promotion to Chief Financial Officer (CFO). Effective December 1, 2025, Forsberg will take over from Robert J. Stefani, who is departing from the company. This strategic move is seen as a key step in solidifying the financial leadership of Southwest Gas.

Forsberg, who has been a notable figure within Southwest Gas since August 2023, previously held the position of Vice President of Investor Relations and Treasurer. His appointment to CFO is a significant advancement in his career, reflecting his solid track record and deep understanding of the company’s operations. In his new role, Forsberg will oversee crucial financial functions, including accounting, investor relations, and internal audits.

Karen S. Haller, President and CEO of Southwest Gas, expressed confidence in Forsberg’s capability. “We are pleased to promote Justin to Chief Financial Officer. He has consistently demonstrated strong leadership and a deep understanding of our business. His collaboration and commitment to operational excellence have been instrumental in our transition to a fully regulated natural gas business,” said Haller.

A New Era for Financial Leadership

Forsberg brings a wealth of experience from his previous roles, having spent nearly 13 years at IDACORP, Inc. and Idaho Power Company. His most recent title there was Director of Investor Relations and Treasury, a role he held from May 2019 until his transition to Southwest Gas. Prior to his tenure at IDACORP, Forsberg served as a Manager at Deloitte & Touche LLP, further solidifying his expertise in finance and accounting.

Holding a Bachelor of Science and a Master’s degree in accounting from Brigham Young University, Forsberg also is a Certified Public Accountant in Idaho. “I am honored by the trust Karen and the Board of Directors have placed in me. I'm excited about the future of Southwest Gas and grateful to work alongside such a talented and dedicated team,” Forsberg stated in response to his promotion.

Commitment to Strategic Priorities

As CFO, Forsberg will lead the company through its strategic priorities aimed at enhancing shareholder value and ensuring sustainable business practices. He emphasizes the importance of collaboration within the organization: “Together, we'll continue to execute our strategic priorities and deliver value for our stockholders.”

Southwest Gas engages in the purchasing, distribution, and transportation of natural gas, serving over 2 million customers across Arizona, Nevada, and California. The company’s commitment to providing safe and reliable service while innovating sustainable energy solutions has positioned it as a leader in the industry.

With Forsberg at the helm of financial operations, Southwest Gas is expected to continue its trajectory of growth and excellence in the energy sector, enhancing its reputation among stakeholders. This leadership transition is more than just a change at the top; it represents a continued commitment to operational integrity and financial transparency.

Looking Ahead

The future looks promising for Southwest Gas as Forsberg steps into this critical position on December 1. His extensive experience and proven track record of success provide a solid foundation for the challenges and opportunities that lie ahead for the company. Stakeholders and customers alike can look forward to seeing how his leadership will shape the company's strategies moving forward.

As Southwest Gas Holdings continues to adapt in an evolving market, Forsberg’s role will be vital in navigating the financial landscape, ensuring that the company remains agile and responsive to the needs of its customers and investors.