MDU Resources Announces Anticipated Board of Directors for Knife River
BISMARCK, N.D. — April 7, 2023 — MDU Resources Group, Inc. (NYSE: MDU) today announced the anticipated board of directors for Knife River Holding Company, effective upon completion of the planned separation of MDU Resources’ construction materials subsidiary into an independent, publicly traded company. The separation is expected to be completed in the second quarter of […]
Knife River Earns Prestigious Safety Award
BISMARCK, N.D. — March 14, 2023 — Knife River Corporation proudly announces that it has earned the Liberty Mutual Risk Management Excellence Award – a prestigious honor that has been granted fewer than 20 times in more than 100 years. The award specifically highlights the unique efforts at the Knife River Training Center to promote […]
MDU Resources Board of Directors Names Leadership for Knife River Upon Separation
BISMARCK, N.D. — Feb. 16, 2023 — MDU Resources Group, Inc.’s (NYSE: MDU) board of directors has selected the management team who will lead Knife River Corporation, the company’s construction materials subsidiary, effective upon completion of the anticipated separation of Knife River into an independent, publicly traded company. MDU Resources expects to complete the spinoff […]
Knife River Partners With National Association of Minority Contractors on Training Scholarships
PORTLAND, Ore. — Feb. 15, 2023 — Knife River Corporation announced today that it has partnered with the Oregon Chapter of the National Association of Minority Contractors (NAMC-Oregon) to provide $250,000 in training scholarships for historically underrepresented groups. The scholarships can be used for individuals to take classes at the Knife River Training Center […]
MDU Resources Names Brian Gray President of Knife River Corporation; David Barney Remains CEO
The Board of Directors of MDU Resources Group, Inc. (NYSE: MDU) today announced that Brian R. Gray has been named president of the company’s wholly owned construction materials subsidiary, Knife River Corporation, effective Jan. 1, 2023. David C. Barney will remain Knife River’s chief executive officer. On Aug. 4, MDU Resources announced its intent to […]
MDU Resources Announces Plan to Separate Knife River, Creating Two Focused, Independent Publicly Traded Companies
Spinoff of Knife River expected to unlock significant shareholder value. Creates financial and strategic flexibility for each company to focus on core business opportunities. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. Enhances MDU Resources’ strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. MDU Resources […]
