BISMARCK, N.D., May 14, 2024
/PRNewswire/ -- Shareholders of MDU Resources Group, Inc.
(NYSE: MDU) today at the company's annual meeting of stockholders
elected Douglas W. Jaeger as a new
independent director to the company's board of directors.
Jaeger, 57, has more than 27 years of experience in both the
electric utility and the construction services industries. Jaeger
has been president and CEO of Ulteig, Inc., an employee-owned
engineering services firm, since 2015. He previously held senior
leadership positions with construction services firm Adolfson &
Peterson, Inc. and investor-owned utilities Xcel Energy Inc. and
Exelon Corp., among others.
"Doug's background is well matched to MDU Resources' regulated
energy delivery and construction services businesses," said board
Chair Dennis W. Johnson. "His
construction-related leadership experience and knowledge of the
utility transmission and generation business will complement our
board's expertise, and we look forward to the insights he will
provide."
Jaeger also serves on the boards of Ulteig, Amsoil Inc. and
Computype Inc., as well as the non-profit Great Plains
Institute.
"I have great respect for MDU Resources' rich history and the
impact it has made in its communities, as well as the broader
utility and construction services industries, over the past 100
years," Jaeger said. "I am excited to be joining the MDU Resources
board and look forward to working with the leadership team to
further drive the business forward."
Jaeger holds a master's degree in business administration from
the University of St. Thomas and a
bachelor's degree in business administration from St. John's University. He resides in Anoka, Minnesota.
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 include statements by
the chair of MDU Resources and Douglas
Jaeger. 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 Contact: Laura Lueder, manager of communications
and public relations, 701-530-1095
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SOURCE MDU Resources Group, Inc.