For more information, visitwww.kniferiver.com. We build complex, diverse projects for our customers and we're always looking for team members to contribute to our success. MDU Resources Group headquarters and office locations - Craft "With the substantial progress we have made, we are expecting the spinoff of Knife River to be complete in the second quarter of 2023," said David L. Goodin, president and CEO of MDU Resources. See if MDU Resources is hiring near you. 7% of MDU Resources employees are Hispanic or Latino. It does not store any personal data. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. BISMARCK, N.D. Aug. 4, 2022 MDU Resources Group, Inc. (NYSE: MDU) today announced that its board of directors has unanimously approved a plan to separate its wholly owned construction materials business, Knife River Corporation, from the company. The distribution systems in these towns passed into MDU ownership by the early 1940s. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. These cookies do not store any personal information. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. MDU Resources Group, Inc. Careers and Employment, US MDU Resources has 69 locations in the United States. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. 1150 W. Century Ave. Our construction services bring power to communities and neighborhoods across the country. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. But opting out of some of these cookies may affect your browsing experience. Payment Locations - Montana-Dakota Utilities Company It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. 1025 1250 W. Century Ave. Bismarck, ND 58501 Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Referrals increase your chances of interviewing at Mercury Insurance by 2x. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. The MDU Resources board believes the proposed separation will unlock the inherent value within the two companies, which have unique growth prospects and investment opportunities. Given its size and scale today, the MDU Resources Board of Directors believes now is the right time to spin off Knife River to unlock additional value for both MDU Resources and Knife River. But opting out of some of these cookies may have an effect on your browsing experience. About Us - Montana-Dakota Utilities Company By continuing to use this application, you consent to the use of cookies in accordance with our. The national average salary for an MDU Resources employee in the United States is $52,489 per year. Bismarck, ND 58506. Supervised and managed all personnel, work activities and . These cookies will be stored in your browser only with your consent. MDU Construction Services Group, Inc. is an industry-leading specialty contractor, We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. Our estimates are verified against BLS, Census, and current job openings data for accuracy. mdu resources inc. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. Help us make this company more transparent. from 8 AM - 9 PM ET. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co I am an MDU Resources shareholder. The companys management uses the non-GAAP financial measures in conjunction with GAAP results when evaluating the companys operating results internally and calculating compensation packages. If you experience any issues with this process, please contact us for further assistance. These forward-looking statements, including key growth strategies, projections, certain assumptions and strategies of MDU Resources and the independent companies following the proposed spinoff, the anticipated benefits of the spinoff, and the expected timing of completion of the spinoff, are only predictions and involve known and unknown risks and uncertainties, many of which are beyond MDU Resources control, and could cause actual results to differ materially from those indicated in such forward-looking statements. [6] The damages totaled $17.2 million. Search Keywords. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 These factors include, but are not limited to, risks relating to the impact of the COVID-19 pandemic on the business (including impacts on employees and contractors and disruptions to operations and the supply chain); new or changing laws and regulations impacting the business (including changes in pipeline safety regulations and environmental law); supply chain disruptions (including price fluctuations and supply of materials necessary for operations); the adverse impact of cyberattacks on operations; competitive factors including technological advances and customer demands; pricing and market pressures; ability to successfully integrate any businesses acquired; issuance of new or revised accounting standards; risks associated with the impact, timing or terms of the spinoff; risks associated with the expected benefits and costs of the spinoff, including the risk that the expected benefits of the spinoff will not be realized within the expected timeframe, in full or at all, and the risk that conditions to the spinoff will not be satisfied and/or that the spinoff will not be completed within the expected timeframe, on the expected terms or at all; the expected qualification of the spinoff as a tax-free transaction for U.S. federal income tax purposes, including whether or not an IRS ruling will be sought or obtained; the risk that any consents or approvals required in connection with the spinoff will not be received or obtained within the expected timeframe, on the expected terms or at all; risks associated with expected financing transactions undertaken in connection with the spinoff and risks associated with indebtedness incurred in connection with the spinoff; the risk that dis-synergy costs, costs of restructuring transactions and other costs incurred in connection with the spinoff will exceed estimates; and the impact of the spinoff on the businesses and the risk that the spinoff may be more difficult, time consuming or costly than expected, including the impact on resources, systems, procedures and controls, diversion of managements attention and the impact on relationships with customers, suppliers, employees and other business counterparties, as well as the various important factors listed in Part I, Item 1A Risk Factors in MDU Resources Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2021, which was filed with the SEC on Feb. 23, 2022, and subsequent filings with the SEC. On average, employees at MDU Resources stay with the company for 5.3 years. With integrity, create superior shareholder value by expanding upon our expertise to be the supplier of choice in all of our markets while being a safe and great place to work. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. Cyber Security Intern - Career Center | University of Southern California Locations 1200 W. Century Ave. Bismarck, ND 58503, US Get directions Employees at MDU Resources Group, Inc. Steve Held Vladimir Terzic Harry Pearce Laura Lueder Manager of Communications and. Necessary cookies are absolutely essential for the website to function properly. Details of Separation Transaction Rebecca works for Mdu Resources Group Inc. Rebecca Dorwart has been with Mdu Resources Group Inc. for 6 months and is in Lower Management, Rebecca's role is Manager: Project Manager, Human Resources Special Projects Manager. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. Full-Time. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Skip to content Skip to main nav. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Compelling Benefits of the Separation The separation will result in two independent, publicly traded and well capitalized companies, which the MDU Resources board believes will leave each positioned well for durable growth and shareholder value creation. The most common ethnicity at MDU Resources is White (82%). These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Changes in such assumptions and factors could cause actual future results to differ materially. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. The staff at MDU Resources come from unusually diverse demographic backgrounds.
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