MDU Resources Names Leadership For Everus Construction Group, Effective On Spinoff; Jeffrey Thiede To Remain President And CEO; Thomas D. Nosbusch As COO; Maximillian J. Marcy As CFO; Expects The Spinoff To Be Complete In Late 2024v
Portfolio Pulse from Benzinga Newsdesk
MDU Resources Group, Inc. (NYSE:MDU) has announced the leadership team for Everus Construction Group, which will become an independent, publicly traded company following a spinoff expected to be completed in late 2024. Key executives include Jeffrey Thiede as President and CEO, Thomas Nosbusch as COO, and Maximillian Marcy as CFO.
July 18, 2024 | 8:27 pm
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MDU Resources Group, Inc. has announced the leadership team for Everus Construction Group, which will be spun off as an independent, publicly traded company by late 2024. This move is expected to streamline operations and potentially unlock shareholder value.
The announcement of a dedicated leadership team for Everus Construction Group ahead of its spinoff indicates a well-planned strategy to streamline operations and potentially unlock shareholder value. This is likely to be viewed positively by investors, leading to a short-term positive impact on MDU's stock price.
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