BISMARCK, N.D., Nov. 17,
2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:
MDU) today announced that Darrel T.
Anderson has been appointed to the company's board of
directors.
Anderson previously was the president and CEO of IDACORP and
Idaho Power Company, an integrated electric utility serving
customers in Idaho and
Oregon. Anderson first joined
Idaho Power in 1996 and held positions of increasing authority,
including executive vice president of administrative services and
chief financial officer. He served as president and CEO from 2014
until he retired in 2020.
"As we work toward transforming MDU Resources into a pure-play
regulated energy delivery business, Darrel's financial and
leadership experience in the regulated utility industry will
enhance the existing expertise on our board," said Dennis W. Johnson, chair of MDU Resources board
of directors. "His experience with risk oversight and human
resources management also will complement our attention to
diversity and workforce development within MDU Resources."
Anderson, in addition to his general responsibilities on the
board, will serve on the Compensation Committee and the
Environmental and Sustainability Committee.
Anderson holds a bachelor's degree in accounting and finance
from Oregon State University and is a
graduate of Harvard University's
Advanced Management Program.
On Nov. 2, MDU Resources announced
its intent to spin off its construction services business, MDU
Construction Services Group, with the objective of making MDU
Resources a pure-play regulated energy delivery business. The
spinoff is expected to be complete in late 2024.
About MDU Resources
MDU Resources Group, Inc., a
member of the S&P MidCap 400 index, provides essential products
and services through its regulated energy delivery and construction
services businesses. For more information about MDU Resources,
visit www.mdu.com or contact the Investor Relations Department at
investor@mduresources.com.
Forward-Looking Statement
The information in this
release includes certain forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. The forward-looking statements contained in this release,
including statements about the future state of MDU Resources and
the planned spinoff of MDU Construction Services Group, as well as
comments by the chair of MDU Resources' board of directors, are
expressed in good faith and are believed by MDU Resources to have a
reasonable basis. Nonetheless, actual results may differ materially
from the projected results expressed in the forward-looking
statements. For a discussion of important factors that could cause
actual results to differ materially from those expressed in the
forward-looking statements, refer to Item 1A-Risk Factors in MDU
Resources' most recent Form 10-K and 10-Q.
Investor Contact: Brent
Miller, assistant treasurer, 701-530-1730
Media Contact: Laura Lueder, manager of communications
and public relations, 701-530-1095
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SOURCE MDU Resources Group, Inc.