MDU Resources Group Appoints Darrel T. Anderson as New Board Chair, Ushering in Strategic Leadership

MDU Resources Group's Leadership Transition

On May 15, 2025, MDU Resources Group, Inc. (NYSE: MDU) announced an important change in its board leadership that aims to bolster governance practices and ensure strategic continuity. Darrel T. Anderson has been appointed as the new independent chair of the board, succeeding Dennis W. Johnson, who will maintain his role as a director and continue chairing the Nominating and Governance Committee. This leadership transition marks a significant moment for MDU Resources as it looks to reinforce its governance structure and leadership.

Focus on Structured Governance

MDU Resources emphasized that this transition exemplifies the board's disciplined approach to succession planning. Johnson stated, "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." His extensive industry knowledge and prior experience as the vice chair and chair of the Compensation and Human Capital Committee equip him well for the new role.

Nicole Kivisto, the president and CEO of MDU Resources, also expressed gratitude towards Johnson for his guidance during the company’s transformation into a regulated energy delivery provider. "We deeply appreciate his continued service on the board and congratulate Darrel as he steps into this pivotal role," she added.

Darrel T. Anderson: An Experienced Leader

Darrel T. Anderson's election is not just a routine change but a thoughtful decision reflecting MDU Resources’ commitment to succession planning. Joining the board in 2023, Anderson has progressively taken on responsibilities that align with the company’s governance objectives. His previous roles within the board demonstrate a clear trajectory of leadership development.

With decades of experience in the energy sector, Anderson has held significant positions including president and CEO of IDACORP, Inc. and Idaho Power Company. His in-depth understanding of regulated energy businesses, coupled with his expertise in corporate governance, positions him as an invaluable asset to the board, especially as MDU Resources drives forward with its strategic goals.

MDU Resources Group Overview

MDU Resources Group, Inc. is a prominent member of the SP SmallCap 600 index, known for delivering safe, reliable, and environmentally responsible electric and natural gas distribution services to over 1.2 million customers across the Pacific Northwest and Midwest. Alongside its utility operations, the company manages a substantial 3,800-mile natural gas pipeline network that bolsters energy reliability in the Northern Plains. With over a century of operating legacy, MDU Resources remains committed to energizing lives for a sustainable future.

For more insights about MDU Resources and its latest developments, you can visit MDU Resources website or reach out to their investor relations department. This change in board leadership is likely to have a profound impact on how the company navigates future challenges and opportunities in the energy sector.