MDU Resources Director John Olson Retires
8/13/2009
Bismarck, ND
MDU Resources Group, Inc. (NYSE:MDU) announced that John L. Olson has retired from its Board of Directors effective today.
Olson has been a member of the MDU Resources board since 1985. He has served as a member of the Nominating Committee since 1987, and committee chairman since 1996. His retirement is the result of a provision in the company’s bylaws that requires outside directors to retire when they reach age 70.
“John has contributed greatly to our company’s growth and success during his 24 years as a board member,” said Harry J. Pearce, chairman of the board of directors. “John was present from the first days that the company embarked on a diversified business strategy, and has helped guide our growth into a Fortune 500 company operating in 44 states. His experience and wise counsel will be greatly missed.”
MDU Resources Group, Inc., a Fortune 500 company and a member of the S&P MidCap 400 index, provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, operating in three core lines of business: energy, utility resources and construction materials. MDU Resources includes natural gas and oil production, natural gas pipelines and energy services, electric and natural gas utilities, construction services, and construction materials and contracting. For more information about MDU Resources, see the company's Web site at www.mdu.com.
Contacts:
Financial:
Vernon A. Raile
Executive Vice President, Treasurer and Chief Financial Officer
(701) 530-1003
Phyllis A. Rittenbach
Director - Investor Relations
(701) 530-1057
Media:
Rick Matteson
Director of Communications and Public Affairs
(701) 530-1700