MDU Resources Announces Board Leadership Transition with New Chair of the Board
MDU Resources Group (NYSE: MDU) has announced a significant board leadership transition, with Darrel T. Anderson being elected as the new independent chair of the board, replacing Dennis W. Johnson effective immediately. Johnson will continue serving as a director and chair of the Nominating and Governance Committee. Anderson, who joined the board in 2023 and previously served as board vice chair, brings extensive industry experience from his tenure as president and CEO of IDACORP and Idaho Power Company.
The transition reflects MDU Resources' structured approach to board leadership succession and governance. The company, a member of the S&P SmallCap 600 index, operates as a pure-play regulated energy delivery business, serving over 1.2 million customers across the Pacific Northwest and Midwest with electric and natural gas distribution services, alongside a 3,800-mile natural gas pipeline network.
MDU Resources Group (NYSE: MDU) ha annunciato un importante cambiamento nella leadership del consiglio di amministrazione, con l'elezione di Darrel T. Anderson come nuovo presidente indipendente del consiglio, in sostituzione di Dennis W. Johnson con effetto immediato. Johnson continuerà a ricoprire il ruolo di direttore e presidente del Comitato per la Nomina e la Governance. Anderson, entrato a far parte del consiglio nel 2023 e in precedenza vicepresidente del consiglio, porta con sé una vasta esperienza nel settore, maturata durante il suo mandato come presidente e CEO di IDACORP e Idaho Power Company.
Questo passaggio riflette l'approccio strutturato di MDU Resources alla successione della leadership del consiglio e alla governance. L'azienda, membro dell'indice S&P SmallCap 600, opera come un'impresa regolamentata specializzata nella distribuzione di energia, servendo oltre 1,2 milioni di clienti nel Pacifico Nordoccidentale e nel Midwest con servizi di distribuzione di elettricità e gas naturale, oltre a gestire una rete di gasdotti lunga 3.800 miglia.
MDU Resources Group (NYSE: MDU) ha anunciado una importante transición en la dirección de su junta directiva, con la elección de Darrel T. Anderson como nuevo presidente independiente de la junta, reemplazando a Dennis W. Johnson con efecto inmediato. Johnson continuará sirviendo como director y presidente del Comité de Nominaciones y Gobernanza. Anderson, quien se unió a la junta en 2023 y anteriormente fue vicepresidente de la junta, aporta una amplia experiencia en la industria gracias a su trayectoria como presidente y CEO de IDACORP y Idaho Power Company.
La transición refleja el enfoque estructurado de MDU Resources para la sucesión en la dirección de la junta y la gobernanza. La compañía, miembro del índice S&P SmallCap 600, opera como un negocio regulado especializado en la distribución de energía, atendiendo a más de 1.2 millones de clientes en el Noroeste del Pacífico y el Medio Oeste con servicios de distribución de electricidad y gas natural, además de una red de gasoductos de 3,800 millas.
MDU Resources Group (NYSE: MDU)는 이사회 리더십에 중대한 변화를 발표하며, Darrel T. Anderson를 새로운 독립 이사회 의장으로 선출하였고, 이는 즉시 발효됩니다. Johnson은 계속해서 이사 및 지명 및 거버넌스 위원회 의장으로 활동할 예정입니다. 2023년에 이사회에 합류하고 이전에 이사회 부의장을 역임한 Anderson은 IDACORP와 Idaho Power Company의 사장 겸 CEO로서의 경력을 통해 풍부한 업계 경험을 가지고 있습니다.
이번 전환은 MDU Resources가 이사회 리더십 승계와 거버넌스에 대해 체계적인 접근 방식을 취하고 있음을 반영합니다. 이 회사는 S&P SmallCap 600 지수의 구성원으로, 순수 규제 에너지 전달 사업체로서 태평양 북서부와 중서부 지역에서 120만 명 이상의 고객에게 전기 및 천연가스 배급 서비스를 제공하며 3,800마일 길이의 천연가스 파이프라인 네트워크를 운영하고 있습니다.
MDU Resources Group (NYSE : MDU) a annoncé un changement important dans la direction de son conseil d'administration, avec l'élection de Darrel T. Anderson en tant que nouveau président indépendant du conseil, remplaçant Dennis W. Johnson avec effet immédiat. Johnson continuera à siéger en tant que directeur et président du comité de nomination et de gouvernance. Anderson, qui a rejoint le conseil en 2023 et a précédemment occupé le poste de vice-président du conseil, apporte une vaste expérience dans le secteur, acquise lors de son mandat en tant que président et PDG d'IDACORP et d'Idaho Power Company.
Cette transition reflète l'approche structurée de MDU Resources en matière de succession à la tête du conseil et de gouvernance. L'entreprise, membre de l'indice S&P SmallCap 600, opère comme une société spécialisée dans la distribution d'énergie réglementée, desservant plus de 1,2 million de clients dans le Nord-Ouest Pacifique et le Midwest avec des services de distribution d'électricité et de gaz naturel, ainsi qu'un réseau de pipelines de gaz naturel de 3 800 miles.
MDU Resources Group (NYSE: MDU) hat einen bedeutenden Wechsel in der Führung des Vorstands bekannt gegeben: Darrel T. Anderson wurde zum neuen unabhängigen Vorstandsvorsitzenden gewählt und ersetzt damit Dennis W. Johnson mit sofortiger Wirkung. Johnson wird weiterhin als Direktor und Vorsitzender des Nominierungs- und Governance-Ausschusses tätig sein. Anderson, der 2023 dem Vorstand beigetreten ist und zuvor als stellvertretender Vorsitzender fungierte, bringt umfangreiche Branchenerfahrung aus seiner Zeit als Präsident und CEO von IDACORP und Idaho Power Company mit.
Dieser Wechsel spiegelt den strukturierten Ansatz von MDU Resources bei der Nachfolgeplanung und Unternehmensführung wider. Das Unternehmen, Mitglied des S&P SmallCap 600 Index, ist ein rein reguliertes Energieversorgungsunternehmen, das über 1,2 Millionen Kunden im Pazifischen Nordwesten und im Mittleren Westen mit Strom- und Erdgasverteilungsdiensten versorgt und zudem ein 3.800 Meilen langes Erdgas-Pipeline-Netz betreibt.
- Structured and planned leadership transition ensuring governance continuity
- New chair brings valuable industry experience from leadership roles at IDACORP and Idaho Power
- Demonstrates commitment to leadership development and succession planning
- None.
"This transition is a testament to our board's disciplined approach to board leadership succession. Darrel's election as chair follows a deliberate process that ensures continuity and strong governance. He is well prepared and very qualified to lead the board," said Johnson.
Nicole Kivisto, president and CEO of MDU Resources, added, "We are grateful for Dennis' leadership, particularly through the company's transformation to a pure-play regulated energy delivery business, and we deeply appreciate his continued service on the board. We congratulate Darrel and look forward to his leadership in this next chapter."
Leadership refreshment and succession planning are key focuses for the board. Anderson's election to board chair reflects a structured governance approach that emphasizes continuity and leadership development. Anderson joined the board in 2023, and previously served as board vice chair and chair of the Compensation and Human Capital Committee. His steady progression within the board demonstrates MDU Resources' commitment to thoughtful succession planning and best-in-class governance.
Anderson brings decades of industry experience, including his tenure as president and CEO of IDACORP, Inc. and Idaho Power Company. His deep understanding of regulated energy businesses and corporate governance will be valuable to the board as MDU Resources continues executing its strategic priorities.
About MDU Resources Group, Inc.
MDU Resources Group Inc., a member of the S&P SmallCap 600 index, delivers safe, reliable, affordable and environmentally responsible electric and natural gas distribution services to more than 1.2 million customers across the Pacific Northwest and Midwest. In addition to its utility operations, the company's pipeline business operates a more than 3,800-mile natural gas pipeline network and storage system, ensuring reliable energy delivery across the Northern Plains. With a legacy spanning over a century, MDU Resources remains focused on energizing lives for a better tomorrow. 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
View original content to download multimedia:https://www.prnewswire.com/news-releases/mdu-resources-announces-board-leadership-transition-with-new-chair-of-the-board-302457040.html
SOURCE MDU Resources Group, Inc.
FAQ
Who is the new board chair of MDU Resources (NYSE: MDU)?
What is Dennis Johnson's new role at MDU Resources?
What is Darrel Anderson's background before becoming MDU Resources' board chair?
How many customers does MDU Resources serve?
