MDU Resources Group, Inc. Announces Retirement of Chief Information Officer Peggy Link, Successor Named
In a recent announcement, MDU Resources Group, Inc. (NYSE:MDU) revealed that its Vice President and Chief Information Officer, Peggy Link, will be retiring on January 10, 2025. Taking over her position will be Dyke Boese, who currently serves as the director of enterprise infrastructure and operations at the company.
Peggy Link has been a pivotal figure at MDU Resources since joining in 2005 and assuming the role of chief information officer in 2016. Her contributions to the company's IT and cybersecurity departments have been significant, leading to advancements in technological capabilities. Nicole Kivisto, President and CEO of MDU Resources, praised Link's leadership and her efforts in enhancing the company's IT infrastructure.
Dyke Boese, who brings over 25 years of experience in the industry, began his career at WBI Energy before transitioning to MDU Resources in 2005. With a background in business administration and an MBA, Boese is well-equipped to take on his new role. He also serves as a board member of the Technology Council of North Dakota, further showcasing his expertise in the technology sector.
The transition in leadership at MDU Resources comes as part of the company's strategic growth and innovation initiatives in its IT department. This move signifies the company's commitment to staying ahead in the technological landscape and ensuring continued progress in its operations.
In other news, MDU Resources Group Inc. reported strong second-quarter earnings, with notable performances from its pipeline segment and Construction Services business, Everus. Despite a decrease in earnings from the utility business, the company remains focused on delivering value to its shareholders. MDU Resources also announced an increase in its common stock dividend and expanded its board with experienced professionals from various sectors.
Looking ahead, MDU Resources plans to spin off Everus later this year, emphasizing its shift towards a pure-play regulated energy delivery business. The company's strategic focus on its core operations and commitment to growth highlight its long-term vision and stability in the market.
InvestingPro Insights:
For investors and stakeholders interested in MDU Resources, the company's financial health and future outlook remain positive. With a reasonable valuation and a history of consistent dividend payments, MDU Resources demonstrates financial stability and reliability. Analysts are optimistic about the company's profitability, reflecting confidence in its operational efficiency and market position.
InvestingPro offers additional insights on MDU Resources, including tips to help investors make informed decisions. Stay tuned for the company's next earnings update on October 30, 2024, to gain further clarity on its financial trajectory and the impact of the new IT leadership.
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