MDU Resources Names Leadership For Everus Construction Group, Effective On Spinoff; Jeffrey Thiede To Remain President And CEO; Thomas D. Nosbusch As COO; Maximillian J. Marcy As CFO; Expects The Spinoff To Be Complete In Late 2024v

MDU Resources Group, Inc.'s (NYSE:MDU) board of directors has selected the management team to lead Everus Construction Group, the company's construction services subsidiary, effective when the anticipated spinoff of Everus into an independent, publicly traded company is complete. MDU Resources expects the spinoff to be complete in late 2024.

The executive management positions at Everus, effective when the spinoff is complete, include:

• Jeffrey S. Thiede, who will remain president and CEO, a position he has held since 2013. Thiede has been with the company for 20 years.
• Thomas D. Nosbusch, who will become chief operating officer. Nosbusch currently is executive vice president of Everus and has been with the company since 1999.
• Maximillian J. Marcy, who will become vice president, chief financial officer and treasurer. Marcy will join Everus on Aug. 12. He previously was vice president II and business unit CFO of the Engineering Adhesives Segment at H.B. Fuller Company.
• Paul R. Sanderson, who will become vice president, chief legal officer and secretary. Sanderson currently is vice president, chief legal officer and secretary for MDU Resources, the position he has held since joining the company in 2023.
• Jon B. Hunke, who will become vice president and chief accounting officer. Hunke currently is vice president of accounting and enterprise information technology for Everus and has been with the company for 21 years.
• Ray T. Kelly, who will remain senior vice president of market development. Kelly has been with the company since 2016.
• Britney A. Hendricks, who will become vice president of human resources. Hendricks currently is director of human resources for Everus and has been with the company for five years.
• Jason A. Behring, who will become vice president of technology. Behring has been with the company for 25 years and currently is director of enterprise information technology for Everus.