Knife River Names Pladsen Vice President and Chief Excellence Officer
Knife River (NYSE: KNF) has appointed Glenn R. Pladsen as Vice President and Chief Excellence Officer, effective January 1, 2025. Pladsen will lead core elements of the company's 'Competitive EDGE' strategy, focusing on EBITDA Margin Improvement, Discipline, Growth, and Excellence. In his current role as vice president of support services, Pladsen has been instrumental in launching Process Improvement Teams (PIT Crews) and the Knife River Training Center. The expanded role aims to achieve industry-leading safety performance and excellence across commercial and operational initiatives.
Knife River (NYSE: KNF) ha nominato Glenn R. Pladsen Vice Presidente e Chief Excellence Officer, con effetto dal 1 gennaio 2025. Pladsen guiderà gli elementi chiave della strategia 'Competitive EDGE' dell'azienda, concentrandosi sul miglioramento del margine EBITDA, sulla disciplina, sulla crescita e sull'eccellenza. Nella sua attuale posizione di vice presidente dei servizi di supporto, Pladsen è stato fondamentale nel lancio dei Team di Miglioramento dei Processi (PIT Crews) e del Knife River Training Center. Il suo ruolo ampliato mira a raggiungere prestazioni di sicurezza leader del settore e a garantire l'eccellenza nelle iniziative commerciali e operative.
Knife River (NYSE: KNF) ha designado a Glenn R. Pladsen como Vicepresidente y Chief Excellence Officer, a partir del 1 de enero de 2025. Pladsen liderará elementos fundamentales de la estrategia 'Competitive EDGE' de la empresa, centrando su atención en la mejora del margen EBITDA, la disciplina, el crecimiento y la excelencia. En su rol actual como vicepresidente de servicios de apoyo, Pladsen ha sido clave en el lanzamiento de los Equipos de Mejora de Procesos (PIT Crews) y del Knife River Training Center. El papel ampliado tiene como objetivo alcanzar un rendimiento de seguridad líder en la industria y la excelencia en las iniciativas comerciales y operativas.
Knife River (NYSE: KNF)는 글렌 R. 플라센을 2025년 1월 1일부터 부사장 및 최고 우수 책임자로 임명했습니다. 플라센은 회사의 'Competitive EDGE' 전략의 핵심 요소를 이끌며, EBITDA 마진 개선, 규율, 성장 및 우수성에 중점을 둡니다. 현재 지원 서비스 부사장으로서 플라센은 프로세스 개선 팀(PIT Crew)과 Knife River 교육 센터를 출범하는 데 중요한 역할을 했습니다. 확대된 역할은 산업 최고의 안전 성능과 상업 및 운영 이니셔티브 전반에 걸친 우수성을 달성하는 것을 목표로 하고 있습니다.
Knife River (NYSE: KNF) a nommé Glenn R. Pladsen au poste de Vice-Président et Chief Excellence Officer, à compter du 1er janvier 2025. Pladsen dirigera les éléments clés de la stratégie 'Competitive EDGE' de l'entreprise, en se concentrant sur l'amélioration de la marge EBITDA, la discipline, la croissance et l'excellence. Dans son rôle actuel de vice-président des services de soutien, Pladsen a joué un rôle essentiel dans le lancement des Équipes d'Amélioration des Processus (PIT Crews) et du Knife River Training Center. Ce rôle élargi vise à atteindre une performance de sécurité de premier plan dans l'industrie et l'excellence dans les initiatives commerciales et opérationnelles.
Knife River (NYSE: KNF) hat Glenn R. Pladsen zum Vice President und Chief Excellence Officer ernannt, mit Wirkung zum 1. Januar 2025. Pladsen wird die zentralen Elemente der Unternehmensstrategie 'Competitive EDGE' leiten, mit Fokus auf die Verbesserung der EBITDA-Marge, Disziplin, Wachstum und Exzellenz. In seiner aktuellen Rolle als Vizepräsident für Unterstützungsdienste war Pladsen maßgeblich an der Einführung von Prozessorientierten Verbesserungsteams (PIT Crews) und dem Knife River Training Center beteiligt. Seine erweiterte Rolle zielt darauf ab, branchenführende Sicherheitsleistungen und Exzellenz in kommerziellen und operativen Initiativen zu erreichen.
- Strategic appointment focused on EBITDA margin improvement
- Implementation of Process Improvement Teams showing early success
- Structured approach to operational excellence and growth initiatives
- None.
Insights
This management change announcement, while highlighting Knife River's strategic "Competitive EDGE" initiative, lacks immediate financial impact or material changes to business operations. The appointment of Glenn Pladsen as VP and Chief Excellence Officer, effective January 2025, represents a structural reorganization aimed at long-term process improvements rather than an immediately actionable business development.
The focus on EBITDA margin improvement and operational excellence through PIT Crews and training programs suggests potential future operational efficiencies, but without specific targets or financial metrics. While the role may contribute to long-term value creation, the announcement itself is a routine management update that doesn't warrant immediate investor attention or market reaction.
“EDGE” stands for EBITDA Margin Improvement, Discipline, Growth and Excellence. The “Excellence” pillar of EDGE helps support each of the other key initiatives. In his current role as vice president of support services, Pladsen has been directly involved in launching the company’s Process Improvement Teams (PIT Crews), the Knife River Training Center and other strategic programs aimed at building a strong team and delivering profitable results. His role is being expanded to help the company achieve industry-leading safety performance and excellence across its commercial and operational initiatives.
“We have seen significant early success with our PIT Crews and our training and development efforts, and we believe there are considerable opportunities to build on this momentum,” said Knife River President and CEO Brian Gray. “This is an exciting time at Knife River. We’re focused on continued growth and success. Glenn is well-respected across our organization and is highly skilled at developing and standardizing best practices for process improvements. There are multiple paths to achieving our strategic goals, and on each of those paths we are focused on excellence and continuous improvement.”
Pladsen joined Knife River in 2007. In addition to his previous role as vice president of support services, he has led the company’s capital budgeting, safety, environmental and information technology processes. He has a degree in mechanical engineering from North Dakota State University.
“We believe Glenn’s combination of deep institutional knowledge and his proven ability to help us innovate will allow us to more quickly and consistently target areas where we can improve our processes,” Gray said. “Whether it is commercial excellence, operational excellence or safety excellence, adding this position to our senior management team puts an emphasis on our drive and determination to reach our goals – for our team members and for our shareholders.”
About Knife River
Knife River Corporation, a member of the S&P MidCap 400 index, mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt and other value-added products. It also distributes cement and asphalt oil. It performs integrated contracting services. For more information about Knife River, visit www.kniferiver.com.
Forward-Looking Statement
The information in this news release highlights the key growth strategies, projections and certain assumptions for the company and its subsidiaries. Many of these highlighted statements and other statements not historical in nature are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that its expectations are expressed in good faith and based on reasonable assumptions, there is no assurance the company’s projections or estimates for growth, shareholder value creation, long-term goals or other proposed strategies will be achieved. Please refer to assumptions contained in this news release, as well as the various important factors listed in Part I, Item 1A - Risk Factors in the company's 2023 Form 10-K and subsequent filings with the Securities and Exchange Commission.
Changes in such assumptions and factors could cause actual future results to differ materially from those expressed in the forward-looking statements. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required by law, Knife River does not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241126592087/en/
Media Contact:
Tony Spilde, Senior Director of Communications, 541-693-5949
Investor Contact:
Zane Karimi, Director of Investor Relations, 503-944-3508
Source: Knife River Corporation
FAQ
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