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MDU Resources Announces New Vice Chair of the Board of Directors

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MDU Resources Group (NYSE: MDU) has appointed Darrel T. Anderson as its new vice chair of the board of directors, effective immediately. Anderson, who has been an independent director since 2023 and chairs the Board's Compensation and Human Capital Committee, brings over 28 years of experience in the regulated utility industry.

Anderson previously served as president and CEO of IDACORP and Idaho Power Company, and currently serves as chairman of the board of Gemstone Holdings. The appointment is part of a planned succession process, emphasizing the company's commitment to board succession planning and governance best practices.

MDU Resources, a member of the S&P SmallCap 600 index, provides regulated electric and natural gas distribution services across eight states, serving more than 1.2 million customers. Founded in 1924, the company is celebrating its 100th anniversary and operates throughout the Pacific Northwest and Midwest.

MDU Resources Group (NYSE: MDU) ha nominato Darrel T. Anderson come nuovo vicepresidente del consiglio di amministrazione, con effetto immediato. Anderson, che è stato un direttore indipendente dal 2023 e presiede il Comitato per la Compensazione e il Capitale Umano del Consiglio, porta con sé oltre 28 anni di esperienza nel settore delle utility regolamentate.

Anderson ha precedentemente ricoperto il ruolo di presidente e CEO di IDACORP e della Idaho Power Company, e attualmente è presidente del consiglio di Gemstone Holdings. La nomina fa parte di un processo di successione programmato, sottolineando l'impegno dell'azienda nella pianificazione della successione del consiglio e nelle migliori pratiche di governance.

MDU Resources, membro dell'indice S&P SmallCap 600, fornisce servizi di distribuzione di elettricità e gas naturale regolamentati in otto stati, servendo oltre 1,2 milioni di clienti. Fondata nel 1924, l'azienda festeggia il suo 100° anniversario e opera in tutto il Pacific Northwest e Midwest.

MDU Resources Group (NYSE: MDU) ha nombrado a Darrel T. Anderson como su nuevo vicepresidente de la junta directiva, con efecto inmediato. Anderson, quien ha sido director independiente desde 2023 y preside el Comité de Compensación y Capital Humano de la Junta, aporta más de 28 años de experiencia en la industria de servicios públicos regulados.

Anderson se desempeñó anteriormente como presidente y CEO de IDACORP y Idaho Power Company, y actualmente es presidente de la junta de Gemstone Holdings. La designación es parte de un proceso de sucesión planificado, enfatizando el compromiso de la empresa con la planificación de la sucesión de la junta y las mejores prácticas de gobernanza.

MDU Resources, miembro del índice S&P SmallCap 600, proporciona servicios de distribución de electricidad y gas natural regulados en ocho estados, sirviendo a más de 1.2 millones de clientes. Fundada en 1924, la empresa celebra su 100 aniversario y opera en todo el Pacífico Noroeste y el Medio Oeste.

MDU Resources Group (NYSE: MDU)는 Darrel T. Anderson을 이사회의 새로운 부회장으로 즉시 임명했습니다. Anderson은 2023년부터 독립 이사로 활동하며 이사회의 보상 및 인적 자원 위원회를 주재하고 있으며, 규제된 유틸리티 산업에서 28년 이상의 경험을 보유하고 있습니다.

Anderson은 이전에 IDACORP 및 Idaho Power Company의 사장 겸 CEO로 재직했으며, 현재 Gemstone Holdings의 이사회 의장을 맡고 있습니다. 이번 임명은 계획된 후계 과정의 일환으로, 회사의 이사회 후계 계획 및 거버넌스 최선의 관행에 대한 헌신을 강조합니다.

MDU Resources는 S&P SmallCap 600 지수의 일원으로, 8개 주에서 규제된 전기 및 천연가스 배급 서비스를 제공하며, 120만 명 이상의 고객에게 서비스를 제공합니다. 1924년에 설립된 이 회사는 100주년을 기념하고 있으며, 태평양 북서부 및 중서부 전역에서 운영되고 있습니다.

MDU Resources Group (NYSE: MDU) a nommé Darrel T. Anderson comme nouveau vice-président du conseil d'administration, avec effet immédiat. Anderson, qui est directeur indépendant depuis 2023 et préside le Comité de Rémunération et de Capital Humain du Conseil, apporte plus de 28 ans d'expérience dans l'industrie des services publics réglementés.

Anderson a précédemment été président et PDG d'IDACORP et d'Idaho Power Company, et il est actuellement président du conseil de Gemstone Holdings. Cette nomination s'inscrit dans un processus de succession planifié, soulignant l'engagement de l'entreprise envers la planification de la succession du conseil et les meilleures pratiques de gouvernance.

MDU Resources, membre de l'indice S&P SmallCap 600, fournit des services de distribution d'électricité et de gaz naturel réglementés dans huit États, servant plus de 1,2 million de clients. Fondée en 1924, l'entreprise célèbre son 100e anniversaire et opère dans tout le Pacifique Nord-Ouest et le Midwest.

MDU Resources Group (NYSE: MDU) hat Darrel T. Anderson zum neuen Vizevorsitzenden des Vorstands ernannt, mit sofortiger Wirkung. Anderson, der seit 2023 unabhängiger Direktor ist und den Vergütungs- und Personal-Ausschuss des Vorstands leitet, bringt über 28 Jahre Erfahrung in der regulierten Versorgungsindustrie mit.

Anderson war zuvor Präsident und CEO von IDACORP und Idaho Power Company und ist derzeit Vorsitzender des Vorstands von Gemstone Holdings. Die Ernennung ist Teil eines geplanten Nachfolgeprozesses und betont das Engagement des Unternehmens für die Nachfolgeplanung des Vorstands und bewährte Governance-Praktiken.

MDU Resources, ein Mitglied des S&P SmallCap 600 Index, bietet regulierte Dienstleistungen für die Verteilung von Elektrizität und Erdgas in acht Bundesstaaten an und bedient über 1,2 Millionen Kunden. Das 1924 gegründete Unternehmen feiert sein 100-jähriges Bestehen und ist im gesamten pazifischen Nordwesten und im Mittleren Westen tätig.

Positive
  • Appointment follows planned succession strategy, demonstrating strong corporate governance
  • New vice chair brings 28 years of relevant industry experience
  • Company serves 1.2 million customers across eight states
Negative
  • None.

BISMARCK, N.D., Feb. 13, 2025  /PRNewswire/ -- MDU Resources Group Inc. (NYSE: MDU) announced today that its board of directors has elected Darrel T. Anderson to serve as its vice chair, effective immediately. Anderson has been an independent director of MDU Resources since 2023, and chairs the Board's Compensation and Human Capital Committee.

"Darrel's election as vice chair is the culmination of a planned succession process, continuing our track record of active planning for board succession and adherence to governance best practices," said Dennis W. Johnson, chair of MDU Resources' board of directors. "Darrel's extensive experience in the regulated utility industry is invaluable to the Board as it oversees management in executing on its strategy as a pure-play regulated energy delivery business and driving value for all MDU Resources' stockholders."

Anderson previously served as president and CEO of IDACORP and Idaho Power Company, an integrated electric utility company serving customers in Idaho and Oregon, and retired in May 2020. He has over 28 years of experience in the industry.

Anderson has also served as chairman of the board of Gemstone Holdings, a holding company that includes Blue Cross of Idaho, since January 2024.

About MDU Resources Group, Inc.
MDU Resources Group Inc., a member of the S&P SmallCap 600 index, provides essential products and services through its regulated electric and natural gas distribution and pipeline segments. Founded in 1924 as a small electric utility, MDU Resources has grown to serve more than 1.2 million customers across eight states and is celebrating its 100th anniversary. Learn more at www.mdu.com/100th-anniversary. The company operates in the Pacific Northwest and Midwest, constructing and operating infrastructure that delivers natural gas and electricity that energizes homes and businesses. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at investor@mduresources.com.

Investor Contact: Brent Miller, treasurer, 701-530-1730
Media Contact: Byron Pfordte, director of integrated communications, 208-377-6050

 

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SOURCE MDU Resources Group, Inc.

FAQ

Who is the new vice chair of MDU Resources' board of directors?

Darrel T. Anderson has been elected as the new vice chair of MDU Resources' board of directors, effective immediately.

What is Darrel Anderson's experience before joining MDU Resources?

Anderson previously served as president and CEO of IDACORP and Idaho Power Company, with over 28 years of experience in the regulated utility industry. He currently serves as chairman of Gemstone Holdings.

How long has Darrel Anderson been on MDU's board?

Darrel Anderson has been serving as an independent director of MDU Resources since 2023.

How many customers does MDU Resources serve in 2024?

MDU Resources serves more than 1.2 million customers across eight states.

What committees does Darrel Anderson lead at MDU Resources?

Darrel Anderson chairs MDU Resources' Compensation and Human Capital Committee.

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