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MDU Resources Announces New Vice Chair of the Board of Directors

1. Darrel T. Anderson elected vice chair of MDU Resources' board immediately. 2. His experience in regulated utility industry is vital for MDU's strategy. 3. MDU Resources is celebrating 100 years of service in energy delivery.

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Why Bullish?

The leadership change could enhance corporate governance, positively affecting investor confidence. A stable board often correlates with improved company performance.

How important is it?

Leadership changes can directly impact stock prices if well-received by investors. Anderson's experience might lead to strategic advancements benefiting MDU.

Why Short Term?

The announcement is immediate, likely affecting sentiment and stock naturally in the short term. However, substantial operational changes will take time.

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MDU
, /PRNewswire/ -- MDU Resources Group Inc. (NYSE: MDU) announced today that its board of directors has elected Darrel T. Anderson to serve as its vice chair, effective immediately. Anderson has been an independent director of MDU Resources since 2023, and chairs the Board's Compensation and Human Capital Committee. "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," said Dennis W. Johnson, chair of MDU Resources' board of directors. "Darrel's extensive experience in the regulated utility industry is invaluable to the Board as it oversees management in executing on its strategy as a pure-play regulated energy delivery business and driving value for all MDU Resources' stockholders." Anderson previously served as president and CEO of IDACORP and Idaho Power Company, an integrated electric utility company serving customers in Idaho and Oregon, and retired in May 2020. He has over 28 years of experience in the industry. Anderson has also served as chairman of the board of Gemstone Holdings, a holding company that includes Blue Cross of Idaho, since January 2024. About MDU Resources Group, Inc.MDU Resources Group Inc., a member of the S&P SmallCap 600 index, provides essential products and services through its regulated electric and natural gas distribution and pipeline segments. Founded in 1924 as a small electric utility, MDU Resources has grown to serve more than 1.2 million customers across eight states and is celebrating its 100th anniversary. Learn more at www.mdu.com/100th-anniversary. The company operates in the Pacific Northwest and Midwest, constructing and operating infrastructure that delivers natural gas and electricity that energizes homes and businesses. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [email protected]. Investor Contact: Brent Miller, treasurer, 701-530-1730Media Contact: Byron Pfordte, director of integrated communications, 208-377-6050 SOURCE MDU Resources Group, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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