MDU Resources Appoints Two to Board of Directors
MDU Resources Group (NYSE: MDU) has appointed Michael S. Della Rocca and Marian M. Durkin to its board of directors. Della Rocca brings 35 years of experience in engineering and construction, including executive roles at AECOM and McKinsey & Company. Durkin previously served as senior VP, general counsel, and chief compliance officer at Avista , an electric and natural gas utility.
The appointments come as MDU Resources prepares to become a pure-play regulated energy delivery business by spinning off its construction services subsidiary, Everus Construction Group, later this year. Board Chair Dennis W. Johnson stated that the new directors' experience will support MDU's strategic initiatives during this transition.
MDU Resources Group (NYSE: MDU) ha nominato Michael S. Della Rocca e Marian M. Durkin nel suo consiglio di amministrazione. Della Rocca porta con sé 35 anni di esperienza nel settore ingegneristico e delle costruzioni, incluse posizioni dirigenziali in AECOM e McKinsey & Company. Durkin ha precedentemente ricoperto il ruolo di VP senior, consigliere generale e chief compliance officer presso Avista, una utility di elettricità e gas naturale.
Queste nomine arrivano mentre MDU Resources si prepara a diventare un'azienda esclusivamente dedicata alla distribuzione di energia regolata separando la sua controllata di servizi di costruzione, Everus Construction Group, entro la fine dell'anno. Il presidente del consiglio Dennis W. Johnson ha dichiarato che l'esperienza dei nuovi direttori supporterà le iniziative strategiche di MDU durante questa transizione.
MDU Resources Group (NYSE: MDU) ha designado a Michael S. Della Rocca y Marian M. Durkin para su junta directiva. Della Rocca aporta 35 años de experiencia en ingeniería y construcción, incluidos roles ejecutivos en AECOM y McKinsey & Company. Durkin se desempeñó anteriormente como VP senior, consejero general y director de cumplimiento en Avista, una empresa de servicios de electricidad y gas natural.
Las designaciones se producen mientras MDU Resources se prepara para convertirse en un negocio de entrega de energía regulada puro al escindir su subsidiaria de servicios de construcción, Everus Construction Group, a finales de este año. El presidente de la junta, Dennis W. Johnson, afirmó que la experiencia de los nuevos directores apoyará las iniciativas estratégicas de MDU durante esta transición.
MDU 리소스 그룹(NYSE: MDU)가 마이클 S. 델라 로카와 마리안 M. 더킨을 이사회에 임명했습니다. 델라 로카는 AECOM 및 맥킨지 & 컴퍼니에서의 경영직을 포함하여 35년의 엔지니어링 및 건설 경험을 보유하고 있습니다. 더킨은 이전에 아비스타에서 선임 부사장, 법무 담당자 및 준수 담당 이사로 재직했습니다, 전기 및 천연가스 유틸리티입니다.
이번 임명은 MDU 리소스가 올해 말 건설 서비스 자회사인 에베루스 건설 그룹을 분리하여 순수한 규제 에너지 전달 사업으로 전환하기 위해 준비하고 있음을 나타냅니다. 이사회 의장인 데니스 W. 존슨은 새로운 이사들의 경험이 이러한 전환 과정에서 MDU의 전략적 이니셔티브를 지원할 것이라고 밝혔습니다.
MDU Resources Group (NYSE: MDU) a nommé Michael S. Della Rocca et Marian M. Durkin à son conseil d'administration. Della Rocca possède 35 ans d'expérience dans l'ingénierie et la construction, y compris des postes de direction chez AECOM et McKinsey & Company. Durkin a précédemment occupé le poste de vice-présidente senior, avocate générale et directrice de la conformité chez Avista, une entreprise de services publics d'électricité et de gaz naturel.
Ces nominations interviennent alors que MDU Resources se prépare à devenir une entreprise de distribution d'énergie réglementée spécialisée en séparant sa filiale de services de construction, Everus Construction Group, plus tard cette année. Le président du conseil, Dennis W. Johnson, a déclaré que l'expérience des nouveaux directeurs soutiendrait les initiatives stratégiques de MDU durant cette transition.
MDU Resources Group (NYSE: MDU) hat Michael S. Della Rocca und Marian M. Durkin in seinen Vorstand berufen. Della Rocca bringt 35 Jahre Erfahrung im Bereich Ingenieurwesen und Bauwesen mit, darunter Führungspositionen bei AECOM und McKinsey & Company. Durkin war zuvor Senior VP, Unternehmensanwalt und Chief Compliance Officer bei Avista, einem Unternehmen für elektrische und Erdgasversorgung.
Die Ernennungen erfolgen, während sich MDU Resources darauf vorbereitet, ein reines reguliertes Energieliefergeschäft zu werden, indem es seine Bauservice-Tochtergesellschaft, die Everus Construction Group, noch in diesem Jahr ausgliedert. Der Vorsitzende des Vorstands, Dennis W. Johnson, erklärte, dass die Erfahrung der neuen Direktoren die strategischen Initiativen von MDU während dieses Übergangs unterstützen wird.
- Appointment of two experienced directors to strengthen the board
- Strategic move towards becoming a pure-play regulated energy delivery business
- Della Rocca brings extensive engineering and construction industry experience
- Durkin adds expertise in utility sector and legal compliance
- Potential loss of revenue stream from construction services subsidiary after spinoff
Della Rocca, during his 35-year career, held a number of executive positions within the engineering and construction industry, including as chief executive,
Durkin previously was senior vice president, general counsel, secretary and chief compliance officer for Avista Corporation, an electric and natural gas utility headquartered in
"Marian and Michael bring extensive, relevant experience to our board that will support our efforts to guide MDU Resources' strategic initiatives as the company becomes a pure-play regulated energy delivery business late this year when it spins off Everus Construction Group," said Dennis W. Johnson, chair of the board.
In addition to their general responsibilities on the board, Della Rocca will serve on the Audit and the Environmental and Sustainability committees and Durkin will serve on the Compensation and the Nominating and Governance committees.
Della Rocca holds a bachelor's degree in civil engineering and a master's degree in engineering, transportation, from Rensselaer Polytechnic Institute and a master's degree in business administration from
Durkin holds a Juris Doctor and Master of Laws from Mitchell Hamlin School of Law and a bachelor's degree in political science from Manhattanville College. She is a member of the state bar in
MDU Resources expects to achieve its objective of becoming a pure-play regulated energy delivery business by completing a spinoff of its construction services subsidiary, Everus Construction Group, late this year.
Forward-Looking Statements
Information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release, including information about the planned spinoff of Everus Construction Group, the timing of the planned spinoff, and statements by MDU Resources' chair, are expressed in good faith and are believed by the company 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, refer to Item 1A — Risk Factors in MDU Resources' most recent Form 10-K and Form 10-Q and subsequent filings with the SEC.
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. Founded in 1924, the company is celebrating its 100th anniversary; learn more at www.mdu.com/100th-anniversary. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at investor@mduresources.com.
Investor Contact: Brent Miller, assistant treasurer, 701-530-1730
Media Contacts: Byron Pfordte, MDU Resources manager of integrated communications, 208-377-6050
Laura Lueder, Everus director of communications, 701-221-6444
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SOURCE MDU Resources Group, Inc.
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