Construction Materials Veteran Thomas W. Hill Elected to Knife River Corporation Board of Directors
May 15 2024 - 3:30PM
Business Wire
Gratitude Expressed for Contributions Made by
Outgoing Director Tom Everist
Knife River Corporation (NYSE: KNF) announced today that Thomas
W. Hill has been elected by Knife River’s stockholders at the 2024
annual meeting of stockholders to serve on its Board of Directors.
Hill brings deep construction materials knowledge and decades of
corporate leadership experience to the Knife River board.
He previously served on the boards for CRH plc and Summit
Materials, Inc., and has been active in the aggregate, asphalt,
ready-mix and contracting services industry for over 40 years.
“Tom Hill is very well respected in our industry and has a
wealth of experience to share as we continue to establish Knife
River as a leading provider of construction materials and
contracting services,” said Brian Gray, Knife River President and
CEO. “His background and enthusiasm for the industry – and his
success leading growth efforts – is a great fit with the Knife
River culture.”
Hill founded Summit Materials and was its president and CEO from
2009-2020. Prior to that, he was at Oldcastle, Inc., including as
CEO from 2006-2008. He also served as treasurer of the American
Road and Transportation Builders Association, the National Stone
Association (now National Stone, Sand and Gravel Association) and
the National Asphalt Pavement Association. Hill was elected in
March to the Pit & Quarry Hall of Fame during the annual
convention of the NSSGA.
“We are excited to welcome Tom to our board of directors,” said
Karen Fagg, Knife River’s Board Chair. “In our extensive search for
another director, Tom stood out as someone who can bring a
tremendous amount of expertise to Knife River, as we focus on
delivering long-term, profitable growth for our shareholders.”
Hill was elected to a three-year term and will serve on the
Board’s Compensation and Nominating and Governance committees.
“I have followed Knife River’s trajectory for many years and
have long shared the belief in the value of being an
aggregates-based, vertically integrated company,” Hill said. “I am
excited about the opportunity to join Knife River’s Board of
Directors, and to be part of a company that puts people first while
actively working toward delivering long-term, profitable
growth.”
Hill fills the board position previously held by former Director
Tom Everist, who had served on Knife River’s board since the
company’s separation from MDU Resources Group, Inc., and previously
served on the board of MDU Resources.
“I have had the privilege of serving with and knowing Tom
Everist for decades, and I appreciate the value he has brought to
Knife River through his industry experience and expertise,” Fagg
said. “On behalf of the management team and the entire Board, I
would like to thank Tom for his guidance and dedication over the
years, including as a member of Knife River’s inaugural Board of
Directors. We will miss him. We also look forward to working with
Tom Hill.”
About Knife River
Knife River Corporation, a member of the S&P MidCap 400
index, mines aggregates and markets crushed stone, sand, gravel and
related construction materials, including ready-mix concrete,
asphalt and other value-added products. It also distributes cement
and asphalt oil. It performs integrated contracting services. For
more information about Knife River, visit www.kniferiver.com.
Forward-Looking Statement
The information in this release includes certain forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended. The forward-looking statements
contained in this release, including, but not limited to,
statements about Knife River’s growth opportunities and
contributions of Mr. Hill, are expressed in good faith and are
believed by Knife River to have a reasonable basis. Nonetheless,
actual results may differ materially from the projected results
expressed in the forward-looking statements. There can be no
assurance that the actual results or developments anticipated by
Knife River will be realized or, even if substantially realized,
that they will have the expected consequences to or effects on
Knife River or its business or operations. 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 Knife River’s Form 10-K and most
recent Form 10-Q. All forward-looking statements in this release
are expressly qualified by such cautionary statements and by
reference to the underlying assumptions. Undue reliance should not
be placed on forward-looking statements, which speak only as of the
date they are made. Except as required by law, Knife River does not
undertake to update forward-looking statements, whether as a result
of new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240515015376/en/
Media Contact: Tony Spilde, Knife River senior director
of communications, 541-693-5949 Investor Contact: Zane
Karimi, Knife River director of investor relations,
503-944-3508
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