BISMARCK, N.D., Aug. 16, 2018 /PRNewswire/ -- MDU Resources
Group, Inc. (NYSE: MDU) today announced that David M. Sparby has been appointed to the
company's board of directors.
Sparby retired in December 2014
from his position as senior vice president, Revenue Group, at Xcel
Energy Inc. and president and CEO of its subsidiary Northern States
Power-Minnesota. He held various positions, including chief
financial officer, during his tenure with Xcel Energy, and its
predecessor Northern States Power Co., after joining the company in
1980.
"David brings broad utility leadership experience to our board,"
said Harry J. Pearce, chair of the
board of MDU Resources. "His expertise will complement the
strengths of our existing directors as we continue to grow MDU
Resources' electric and natural gas utility business, with planned
investment over the next five years of approximately $1.5 billion and expected rate base growth of 6
percent compounded annually."
In addition to his general responsibilities on MDU Resources'
board of directors, Sparby will serve on the board's Audit
Committee.
Sparby, during his time with Xcel, led four operating companies,
Northern States Power Minnesota, Northern States Power Wisconsin,
Southwest Public Service and Public Service Company of Colorado, serving approximately 5 million
customers across an eight-state area.
Sparby holds a juris doctorate degree from William Mitchell College of Law and a master's
degree in business administration from the University of St. Thomas, both located in
St. Paul, Minnesota. He serves on
boards for the Mitchell Hamline School of Law in St. Paul and the College
of St. Scholastica in Duluth, Minnesota.
MDU Resources Group, Inc., a member of the S&P MidCap 400
index and the S&P High-Yield Dividend Aristocrats index, is
Building a Strong America® by providing essential
products and services through its regulated energy delivery and
construction materials and services businesses. For more
information about MDU Resources, see the company's website at
www.mdu.com or contact the Investor Relations Department
at investor@mduresources.com.
Financial Contact: Jason
Vollmer, vice president, chief financial officer and
treasurer, 701-530-1755
Media Contact: Laura Lueder,
manager of communications and public affairs, 701-530-1095
Media Advisory: Photo of David M.
Sparby available for download at
https://www.mdu.com/integrity/governance/david-sparby.
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SOURCE MDU Resources Group, Inc.