Knife River Names Ring Vice President of Business Development

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Oct 16, 2017, 17:00 ET

BISMARCK, N.D., Oct. 16, 2017 /PRNewswire/ -- Knife River Corporation today announced that Nathan W. Ring has been hired as vice president of business development and operations support, where he will spearhead the company's ongoing growth efforts. He will start his new position Nov. 1.

Ring has 15 years of industry experience, having previously worked for Knife River as controller of the company's Pacific Region, and then as controller for sister company MDU Construction Services Group. In 2014, he was promoted to vice president, controller and chief accounting officer for MDU Resources Group, Knife River's parent company. Since 2016, Ring has been chief financial officer at a regional bank headquartered in Bismarck.

"We are actively pursuing growth opportunities in all of our markets, and Nathan is the right person to lead that charge for us," said Dave Barney, Knife River President and CEO. "He knows our company, our customers and our markets. He has the financial background, the accounting background, experience in the field and great communication skills. I'm excited to grow our company and to have Nathan back on our team."

Ring holds a bachelor's degree in accountancy from the University of North Dakota, and is a certified public accountant. He and his wife, Kathryn, live in Bismarck with their three children.

"I'm looking forward to coming home to Knife River, and to working with our team to grow our business," Ring said. "We have a very successful history of mergers and acquisitions, and some strategic opportunities in our markets right now."

Knife River Corporation mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, cement, asphalt, liquid asphalt and other value-added products. It also performs integrated construction services. For more information about Knife River, visit the company's website at www.kniferiver.com.

Forward-Looking Statements
The information in this release includes certain forward-looking statements, including statements by the president and CEO of Knife River Corporation, within the meaning of Section 21E of the Securities Exchange Act of 1934. Although the company believes its expectations are based on reasonable assumptions, actual results may differ materially. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, refer to Item 1A – Risk Factors in MDU Resources' most recent Form 10-K and Form 10-Q at www.mdu.com.