MDU Resources Group Management
Management criteria checks 3/4
MDU Resources Group's CEO is Nicole Kivisto, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $2.48M, comprised of 22.2% salary and 77.8% bonuses, including company stock and options. directly owns 0.059% of the company’s shares, worth $2.85M. The average tenure of the management team and the board of directors is 6.6 years and 4.9 years respectively.
Key information
Nicole Kivisto
Chief executive officer
US$2.5m
Total compensation
| CEO salary percentage | 22.2% |
| CEO tenure | less than a year |
| CEO ownership | 0.06% |
| Management average tenure | 6.6yrs |
| Board average tenure | 4.9yrs |
Recent management updates
Recent updates
MDU Resources Group, Inc.'s (NYSE:MDU) Earnings Are Not Doing Enough For Some Investors
Mar 31
MDU Resources Group: Spinoff Could Lead To Positive Margin Improvements
Jan 11MDU Resources Group, Inc.'s (NYSE:MDU) Prospects Need A Boost To Lift Shares
Dec 25MDU Resources Group (NYSE:MDU) Takes On Some Risk With Its Use Of Debt
Dec 02MDU Resources Group's (NYSE:MDU) Earnings Are Of Questionable Quality
Nov 10MDU Resources Group Stock Is A Hold Pending The Second Separation
Oct 14MDU Resources Group (NYSE:MDU) Has A Somewhat Strained Balance Sheet
Sep 01MDU Resources: A Dividend Aristocrat With Upside Potential
Jul 21MDU Resources Group, Inc. (NYSE:MDU) Analysts Just Slashed This Year's Estimates
Jun 02MDU Resources Group (NYSE:MDU) Has Affirmed Its Dividend Of $0.2225
May 21MDU Resources Group (NYSE:MDU) Will Pay A Dividend Of $0.2225
May 07MDU Resources Group (NYSE:MDU) Has More To Do To Multiply In Value Going Forward
Apr 04MDU Resources declares $0.2225 dividend
Feb 16MDU Resources Q4 2022 Earnings Preview
Feb 08These 4 Measures Indicate That MDU Resources Group (NYSE:MDU) Is Using Debt Extensively
Feb 08MDU Resources Group (NYSE:MDU) Has Some Way To Go To Become A Multi-Bagger
Jan 03MDU Resources Group (NYSE:MDU) Is Paying Out A Larger Dividend Than Last Year
Nov 21MDU Resources Q3 2022 Earnings Preview
Nov 02Does MDU Resources Group (NYSE:MDU) Have A Healthy Balance Sheet?
Oct 08Returns On Capital At MDU Resources Group (NYSE:MDU) Have Hit The Brakes
Sep 20MDU Resources Group (NYSE:MDU) Has Affirmed Its Dividend Of $0.2175
Aug 15MDU Resources declares $0.2175 dividend
Aug 12MDU Resources GAAP EPS of $0.35 misses by $0.11, revenue of $1.72B beats by $240M
Aug 04Does MDU Resources Group (NYSE:MDU) Have A Healthy Balance Sheet?
Jun 29MDU Resources Group (NYSE:MDU) Has More To Do To Multiply In Value Going Forward
Jun 11MDU Resource Stock? No. Short Puts? Absolutely.
May 24Why MDU Resources Group, Inc. (NYSE:MDU) Could Be Worth Watching
Apr 14These 4 Measures Indicate That MDU Resources Group (NYSE:MDU) Is Using Debt Extensively
Mar 31Returns On Capital At MDU Resources Group (NYSE:MDU) Have Stalled
Mar 06MDU Resources Group (NYSE:MDU) Has Re-Affirmed Its Dividend Of US$0.22
Feb 21Does MDU Resources Group (NYSE:MDU) Deserve A Spot On Your Watchlist?
Feb 08A Look At The Fair Value Of MDU Resources Group, Inc. (NYSE:MDU)
Jan 28Should You Think About Buying MDU Resources Group, Inc. (NYSE:MDU) Now?
Jan 07MDU Resources: An Affordable Play On Energy And Materials
Jan 06MDU Resources Group (NYSE:MDU) Takes On Some Risk With Its Use Of Debt
Dec 16Slowing Rates Of Return At MDU Resources Group (NYSE:MDU) Leave Little Room For Excitement
Nov 30MDU Resources Group (NYSE:MDU) Has Re-Affirmed Its Dividend Of US$0.22
Nov 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$2m | US$550k | US$480m |
| Sep 30 2023 | n/a | n/a | US$530m |
| Jun 30 2023 | n/a | n/a | US$494m |
| Mar 31 2023 | n/a | n/a | US$382m |
| Dec 31 2022 | US$2m | US$530k | US$251m |
| Sep 30 2022 | n/a | n/a | US$233m |
| Jun 30 2022 | n/a | n/a | US$330m |
| Mar 31 2022 | n/a | n/a | US$394m |
| Dec 31 2021 | US$2m | US$508k | US$243m |
| Sep 30 2021 | n/a | n/a | US$403m |
| Jun 30 2021 | n/a | n/a | US$417m |
| Mar 31 2021 | n/a | n/a | US$417m |
| Dec 31 2020 | US$2m | US$487k | US$391m |
| Sep 30 2020 | n/a | n/a | US$373m |
| Jun 30 2020 | n/a | n/a | US$356m |
| Mar 31 2020 | n/a | n/a | US$320m |
| Dec 31 2019 | US$2m | US$455k | US$335m |
| Sep 30 2019 | n/a | n/a | US$316m |
| Jun 30 2019 | n/a | n/a | US$288m |
| Mar 31 2019 | n/a | n/a | US$269m |
| Dec 31 2018 | US$1m | US$430k | US$269m |
| Sep 30 2018 | n/a | n/a | US$309m |
| Jun 30 2018 | n/a | n/a | US$291m |
| Mar 31 2018 | n/a | n/a | US$291m |
| Dec 31 2017 | US$1m | US$378k | US$284m |
Compensation vs Market: Nicole's total compensation ($USD2.48M) is below average for companies of similar size in the US market ($USD8.39M).
Compensation vs Earnings: Nicole's compensation has increased by more than 20% in the past year.
CEO
Nicole Kivisto (50 yo)
less than a year
Tenure
US$2,479,280
Compensation
Ms. Nicole A. Kivisto serves as President, Chief Executive Officer and Director at MDU Resources Group, Inc. since January 6, 2024. She served as President and Chief Executive Officer of Montana-Dakota Uti...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$2.48m | 0.059% $ 2.8m | |
| VP, CFO & Treasurer | 9.4yrs | US$2.46m | 0.040% $ 1.9m | |
| VP & Chief Human Resources Officer | 8.3yrs | US$1.25m | 0.022% $ 1.1m | |
| President & CEO of MDU Construction Services Group | 12.3yrs | US$2.27m | 0.068% $ 3.3m | |
| VP, Chief Accounting Officer & Controller | 6.6yrs | no data | no data | |
| VP & Chief Information Officer | 8.3yrs | no data | 0.030% $ 1.4m | |
| VP, Chief Legal Officer & Secretary | less than a year | no data | no data | |
| Manager of Communications & Public Affairs | no data | no data | no data | |
| Chief Utilities Officer of Cascade Natural Gas Corp. | less than a year | no data | 0.019% $ 925.3k | |
| President of WBI Energy | less than a year | no data | 0.012% $ 587.7k |
6.6yrs
Average Tenure
56yo
Average Age
Experienced Management: MDU's management team is seasoned and experienced (6.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$2.48m | 0.059% $ 2.8m | |
| Independent Director | less than a year | US$43.34k | 0.00065% $ 31.3k | |
| Independent Director | 5.7yrs | US$285.10k | 0.021% $ 1.0m | |
| Independent Chairman of the Board | 23.3yrs | US$415.10k | 0.069% $ 3.3m | |
| Independent Director | 2.9yrs | US$268.85k | 0.0081% $ 389.5k | |
| Independent Director | 5.4yrs | US$275.10k | 0.022% $ 1.1m | |
| Director | 11.3yrs | US$7.10m | 0.20% $ 9.7m | |
| Independent Director | less than a year | US$260.10k | 0.0039% $ 189.0k | |
| Independent Director | 4.9yrs | US$262.10k | 0.013% $ 602.6k |
4.9yrs
Average Tenure
65yo
Average Age
Experienced Board: MDU's board of directors are considered experienced (4.9 years average tenure).