MDU Resources Group Welcomes Anthony D. Foti as CLO
MDU Resources Group Appoints New Chief Legal Officer
MDU Resources Group, Inc. (NYSE: MDU) has officially announced the appointment of Anthony D. Foti as the new Chief Legal Officer and Corporate Secretary. The company's board of directors has endorsed this important decision, which marks a significant step forward for MDU Resources as it focuses on integral growth and leadership in the industry.
Experience and Qualifications of Anthony D. Foti
Foti, an accomplished legal professional, brings a robust background in corporate governance, securities regulation, and strategic legal operations. He previously held the position of Senior Vice President, Deputy General Counsel, and Corporate Secretary at Foot Locker, Inc., where his decade-long tenure saw him excel in various roles of increasing responsibility. This extensive experience equips him well to navigate the intricacies of regulated energy delivery businesses.
A Vision for Corporate Growth
Nicole Kivisto, the President and CEO of MDU Resources, expressed her enthusiasm regarding Foti's arrival, stating, "We are excited to welcome Anthony to our executive team. His extensive legal expertise and proven leadership in navigating complex corporate environments will be invaluable as we continue to drive growth at our regulated energy delivery businesses." This sentiment underscores the strategic intent behind the appointment at a pivotal moment in the company’s trajectory.
Foti’s Strategic Outlook
Expressing his eagerness to contribute to MDU Resources, Foti stated, "I am honored to join MDU Resources at such a remarkable time in the company's history as it focuses on its regulated energy delivery businesses, and I look forward to contributing to the company's next stage of growth." This commitment reflects his dedication to working closely with the talented team at MDU to shape future strategies and contribute to shareholder value.
A Distinguished Career in Law
Foti’s legal career is marked by prominent positions at notable law firms, including his practice at Dentons US LLP, Fried, Frank, Harris, Shriver & Jacobson LLP, and Pillsbury Winthrop Shaw Pittman LLP, all recognized as Am Law 100 global law firms. He also served as a judicial law clerk in the U.S. District Court for the District of New Jersey. These experiences paint a portrait of a leader well-prepared to tackle the challenges ahead.
About MDU Resources Group
MDU Resources Group, Inc. is a proud member of the S&P MidCap 400 index and has been delivering essential services through its regulated energy delivery and construction services businesses since 1924. As the company celebrates its 100th anniversary, it highlights its enduring commitment to providing valuable resources and services. This milestone reflects a legacy of growth, resilience, and adaptation in a rapidly changing energy landscape.
Focused on Regulated Energy Delivery
The company’s strategic direction emphasizes regulated energy delivery, which forms the backbone of its operations. MDU Resources is likely to continue expanding its portfolio to meet growing energy demands and standards, ensuring that it remains a leader in energy solutions.
Contact Information for MDU Resources Group
For any inquiries, interested parties should reach out to Brent Miller, the Assistant Treasurer and Director of Financial Projects and Investor Relations, at 701-530-1730. Additionally, Byron Pfordte serves as the Manager of Integrated Communications and can be contacted at 208-377-6050.
Frequently Asked Questions
Who is Anthony D. Foti?
Anthony D. Foti is the newly appointed Chief Legal Officer and Corporate Secretary of MDU Resources Group, bringing extensive legal expertise and leadership.
What experience does Foti bring to MDU Resources?
Foti has a rich background in corporate governance, having served in key legal positions at Foot Locker and prominent law firms.
What is MDU Resources Group?
MDU Resources Group is a company that provides essential products and services through its regulated energy delivery and construction services businesses.
How long has MDU Resources been in operation?
MDU Resources Group was founded in 1924, making it a century old and a notable player in its industry.
What are the strategic goals of MDU Resources?
MDU Resources aims to drive growth in its regulated energy delivery businesses while continuing to deliver long-term value for its shareholders.
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