MDU Resources Group Elects Darrel T. Anderson as New Vice Chair of Board

MDU Resources Group Appoints Darrel T. Anderson as Vice Chair

On February 13, 2025, MDU Resources Group Inc. (NYSE: MDU) made a significant leadership announcement with the election of Darrel T. Anderson as the new Vice Chair of its Board of Directors. This decision marks a pivotal moment for the company, reflecting its ongoing commitment to robust governance and strategic foresight. Anderson, who has served as an independent board member since 2023, is well-respected in the industry, having chaired the Board's Compensation and Human Capital Committee.

Dennis W. Johnson, the Chair of MDU Resources' Board, expressed confidence in Anderson's capabilities, stating, "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." This statement underscores the company's strategic planning efforts and importance placed on governance frameworks, crucial for entities in the regulated energy sector.

Anderson brings to the table extensive experience, particularly in the regulated utility industry. He has a proven track record in guiding organizations through navigating complex regulatory environments and driving value creation for shareholders. Prior to his role at MDU Resources, Anderson was the President and CEO of IDACORP and Idaho Power Company until his retirement in May 2020. His tenure in these roles, spanning over 28 years, endowed him with valuable insights and expertise that are expected to benefit MDU Resources significantly.

In addition to his recent appointment, Anderson has been appointed as Chairman of the Board of Gemstone Holdings, a company overseeing several businesses, including Blue Cross of Idaho, further reflecting his leadership acumen in corporate governance.

MDU Resources Group itself is a vital player in the energy sector, recognized as a member of the SP SmallCap 600 index. The company specializes in the distribution of electric and natural gas services, catering to more than 1.2 million customers across eight states. Founded in 1924, MDU has grown from a small electric utility into a robust provider of essential services that energize homes and businesses in the Pacific Northwest and Midwest regions.

With this new addition to its leadership team, MDU Resources aims to fortify its strategic execution as a pure-play regulated energy delivery business. The board's oversight will focus on executing the company's strategy while enhancing shareholder value amid an increasingly competitive landscape. Anderson's appointment is a testament to MDU's commitment to maintaining a board of directors with diverse expertise and proven success in the industry.

As MDU Resources celebrates its 100th anniversary, it looks toward the future with renewed vigor under the guidance of leaders like Anderson. The company’s strategic initiatives, combined with Anderson’s experience, position MDU Resources for continued growth and success in the regulated energy sector.

For more information about MDU Resources Group, visit MDU's official website or contact their Investor Relations Department. Additionally, you can find details about the company’s ongoing celebrations for its centennial anniversary on the designated anniversary page.