A. Bart Holaday, Thomas C. Knudson Elected to MDU Resources Board of Directors.BISMARCK, N.D. -- MDU (1) (Multiple Dwelling Unit) A commercial or residential building with multiple offices or apartments. See BLEC. (2) (Multiply-Divide Unit) A high-speed circuit that performs multiplication and division within the CPU. Resources Group, Inc. (NYSE NYSE See: New York Stock Exchange :MDU) today announced that A. Bart Holaday and Thomas C. Knudson have been elected to the company's board of directors, effective Nov. 1. "Bart and Tom bring a wealth of valuable senior leadership experience that will help guide the continued growth of our company," said MDU Resources Chairman Harry J. Pearce. "They are widely respected for their expertise in oil and natural gas development, which is one of our core businesses. In addition, Bart's experience with equity investing, and Tom's knowledge of sustainable business A business is sustainable if it has adapted its practices for the use of renewable resources and holds itself accountable for the environmental and human rights impacts of its activities. development, will enhance the existing knowledge of our board." In addition to their general board responsibilities, Holaday will serve on the board's Audit Committee and Knudson will serve on the Compensation Committee. Holaday is widely known in the alternative assets/private equity industry. He headed the Private Markets Group of UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Asset Management and its predecessor entities for 15 years prior to his retirement in 2001. During that time he managed more than $19 billion in investments in venture capital, buyouts, real estate, timber, and oil and gas. Prior to that he was a vice president and principal of the InnoVen Venture Capital Group. He was founder and president of Tenax Oil and Gas Corporation, an onshore Gulf Coast exploration and production company. He also has 12 years of senior management experience with both Gulf Oil and the federal government, including the Department of Defense, Department of the Interior and the Federal Energy Administration. Holaday has a bachelor's degree in engineering sciences from the U.S. Air Force Academy. He was a Rhodes Scholar, earning a bachelor's degree and a master's degree in politics, philosophy and economics from Oxford University. He also earned a law degree from George Washington Law School, and is a Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. . In 2005, he was awarded an honorary Doctor of Letters Doctor of Letters (Latin: Litterarum doctor; D.Litt.; or Litt.D.) is a university academic degree. In the United Kingdom, Australia, and certain other countries, the degree is a higher doctorate, above the Doctor of Philosophy (Ph.D. from the University of North Dakota. He is a member of the board of directors of Adams Street Partners, Alerus Financial, Jamestown College, the U.S. Air Force Academy Endowment (chairman), the Falcon Foundation (vice president), the Center for Innovation Foundation at UND UND University of North Dakota UND University of Notre Dame UND University of Natal-Durban (South Africa) UND Urgency of Need Designator UND Union Nationale et Démocratique (chairman) and the University of North Dakota Foundation, and is chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Dakota Foundation. He is a past member of the board of directors of the National Venture Capital Association and Walden University, and the U.S. Securities and Exchange Commission advisory committee on the regulation of the capital markets. The North Dakota native currently lives in Placitas, New Mexico Placitas is a census-designated place (CDP) in Sandoval County, New Mexico, in the United States. As of the 2000 census, the CDP population was 3,452. Geography Placitas is located at (35.317444, -106. and Grand Forks, North Dakota “Grand Forks” redirects here. For other uses, see Grand Forks (disambiguation). Grand Forks is the third-largest city in the U.S. with his wife Lynn. Knudson is president of Tom Knudson Interests, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which provides consulting services in energy, sustainable development and leadership. He also is the chairman of Bristow Group Inc. and a director of Natco Group Inc. Knudson retired in 2004 from ConocoPhillips. His diverse career at Conoco included work in engineering, operations, business development and commercial assignments. He was managing director and chief executive officer of DuPont Scandinavia in Stockholm, Sweden, and vice president and general manager of Conoco's midstream natural gas business. In 1997, he became chairman of Conoco Exploration Production Europe Limited, and was accountable for Conoco's upstream businesses in Europe and the former Soviet Union. Knudson returned to Houston in mid-2000 to become senior vice president of human resources, information management and communications, serving as a member of the management and executive committees of both Conoco and ConocoPhillips. Knudson has a bachelor's degree in aerospace engineering from the U.S. Naval Academy and a master's degree in aerospace engineering from the U.S. Naval Postgraduate School The Naval Postgraduate School is a graduate school operated by the United States Navy. Located in Monterey, California, it grants primarily master's degrees plus some doctoral degrees to its students, who are mostly active duty officers from U.S. and foreign military services. . He served as a naval aviator, flying combat missions in Vietnam, and was a lieutenant commander in 1974 when he was honourably discharged. Knudson was the founding chairman of the Business Council for Sustainable Development in both the United States and the United Kingdom. He has served on the boards of a number of petroleum industry associations, Covenant House Texas, The Houston Museum of Natural Science The Houston Museum of Natural Science is a science museum located on the northern border of Hermann Park in Houston, Texas, USA. The museum was established in 1909 by the Houston Museum and Scientific Society and Alpha USA, and chairs the Board of Alpha Houston. He has served as an adjunct professor of management at the Jones School at Rice University. A native of Texas, he currently lives in Houston with his wife Candy. Media Advisory - Photos of A. Bart Holaday and Thomas C. Knudson are available for downloading at http://www.mdu.com/information_news/images/ MDU Resources Group, Inc., 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, construction materials and utility resources. MDU Resources includes natural gas and oil production, natural gas pipelines and energy services, construction materials and contracting, construction services, and electric and natural gas utilities. For more information about MDU Resources, see the company's Web site at www.mdu.com. |
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