Nance was been a member of the MDU Resources board since 1993 and served as a member of the Nominating and Governance Committee and of the Audit Committee. Nance's retirement was the result of a provision in the company's bylaws that requires that outside directors retire when they reach age 70.
"Bob has a wealth of knowledge of the natural gas and oil industry, which has been invaluable to our corporation as we have grown that side of our business," said Martin White, chairman and chief executive officer of MDU Resources. "In addition to that, he also is a petroleum geology and technology expert. We will truly miss his expertise and his dedication to our stockholders, our customers and our employees."
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. MDU Resources includes natural gas and oil production, construction materials and mining, domestic and international independent power production, natural gas pipelines and energy services, electric and natural gas utilities, and construction services.
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