BISMARCK, N.D., Aug. 15,
2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:
MDU) announced today that Michael S. Della
Rocca and Marian M. Durkin
have been appointed to the company's board of directors.
Della Rocca, during his 35-year
career, held a number of executive positions within the engineering
and construction industry, including as chief executive, Americas,
of AECOM. He also was a partner in consulting firm McKinsey &
Company, where he provided clients with strategic counsel on
capital projects. He has served on a number of boards and owns
Della Rocca Enterprises LLC.
Durkin previously was senior vice president, general counsel,
secretary and chief compliance officer for Avista Corporation, an
electric and natural gas utility headquartered in Spokane, Washington. She also has prior
experience as vice president, deputy general counsel and assistant
secretary at United Airlines and as an attorney at law firm Briggs
and Morgan, which later merged with Taft.
"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 St. John's University. He is a
licensed professional engineer.
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 Illinois,
Minnesota and Washington.
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.