MDU Resources Announces New Vice Chair of the Board of Directors
Rhea-AI Summary
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.
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.
News Market Reaction 1 Alert
On the day this news was published, MDU declined 0.71%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"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
Anderson has also served as chairman of the board of Gemstone Holdings, a holding company that includes Blue Cross of
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.
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