A. BART HOLADAY - Corporate Board Profile

MDU RESOURCES GROUP INC

Filing Date	Source Excerpt
2010-03-12	A. Bart Holaday Director Since 2008 Age 67 Audit Committee Nominating and Governance Committee Mr. Holaday headed the Private Markets Group of UBS Asset Management and its predecessor entities for 15 years prior to his retirement in 2001, during which time he managed more than $19 billion in investments. Prior to that he was vice president and principal of the InnoVen Venture Capital Group. He was founder and president of Tenax Oil and Gas Corporation, an onshore Gulf Coast exploration and production company, from 1980 through 1982. He has four years of senior management experience with Gulf Oil Corporation, a global energy and petrochemical company, and eight years of senior management with the federal government, including the Department of Defense, Department of the Interior, and the Federal Energy Administration. He is currently the president and owner of Dakota Renewable Energy Fund, LLC, which invests in small companies in North Dakota. He is a member of the investment advisory board of Commons Capital LLC, a venture capital firm; a member of the board of directors of Adams Street Partners, LLC, a private equity investment firm; Alerus Financial, a financial services company; Jamestown College; the United States Air Force Academy Endowment (chairman); the Falcon Foundation (vice president), which provides scholarships to Air Force Academy applicants; the Center for Innovation Foundation at the University of North Dakota (chairman and trustee) and the University of North Dakota Foundation; and is chairman and CEO of the Dakota Foundation. He is a past member of the board of directors of the National Venture Capital Association, Walden University, and the U.S. Securities and Exchange Commission advisory committee on the regulation of capital markets. Mr. Holaday has a bachelors degree in engineering sciences from the U.S. Air Force Academy. He was a Rhodes Scholar, earning a bachelors degree and a masters degree in politics, philosophy, and economics from Oxford University. He also earned a law degree from George Washington Law School and is a Chartered Financial Analyst. In 2005, he was awarded an honorary Doctor of Letters from the University of North Dakota. For the following reasons, the board concluded that Mr. Holaday should serve as a director of MDU Resources Group, Inc., in light of our business and structure, at the time we file our proxy statement. MDU Resources Group, Inc. has significant operations in the natural gas and oil industry. Mr. Holaday has knowledge and experience in this industry. He founded and served as president of Tenax Oil and Gas Corporation. He has four years experience in senior management with Gulf Oil Corporation and 15 years of experience managing private equity investments, including investments in oil and gas, as the head of the Private Markets Group of UBS Asset Management and its predecessor organizations. This business experience demonstrates his leadership skills and success in the oil and gas industry. Mr. Holaday brings to the board his extensive finance and investment experience as well as his business development skills acquired through his work at UBS Asset Management, Tenax Oil and Gas Corporation, Gulf Oil Corporation, and several private equity investment firms. This will enhance the knowledge of the board and provide useful insights to management in connection not only with our natural gas and oil business, but with all of our businesses.
2011-03-11	A. Bart Holaday Director Since 2008 Age 68 Audit Committee Nominating and Governance Committee Mr. Holaday headed the Private Markets Group of UBS Asset Management... Director Compensation for 2010 A. Bart Holaday Fees Earned or Paid in Cash: $55,000 Stock Awards: $79,064 Total: $134,238
2012-03-09	A. Bart Holaday Director Since 2008 Age 69 Audit Committee Nominating and Governance Committee Mr. Holaday headed the Private Markets Group of UBS Asset Management and its predecessor entities for 15 years prior to his retirement in 2001, during which time he managed more than $19 billion in investments. Prior to that he was vice president and principal of the InnoVen Venture Capital Group, a venture capital investment firm. He was founder and president of Tenax Oil and Gas Corporation, an onshore Gulf Coast exploration and production company, from 1980 through 1982. He has four years of senior management experience with Gulf Oil Corporation, a global energy and petrochemical company, and eight years of senior management experience with the federal government, including the Department of Defense, Department of the Interior, and the Federal Energy Administration. He is currently the president and owner of Dakota Renewable Energy Fund, LLC, which invests in small companies in North Dakota. He is a member of the investment advisory board of Commons Capital LLC, a venture capital firm; is a director of Hull Investments, LLC, a private entity that combines nonprofit activities and investments; is a member of the board of directors of Adams Street Partners, LLC, a private equity investment firm, Alerus Financial, a financial services company, Jamestown College, the United States Air Force Academy Endowment (chairman), the Falcon Foundation (director and former vice president), which provides scholarships to Air Force Academy applicants, the Center for Innovation Foundation at the University of North Dakota (chairman and trustee) and the University of North Dakota Foundation; and is chairman and chief executive officer of the Dakota Foundation, a nonprofit foundation that fosters social entrepreneurship. He is a past member of the board of directors of the National Venture Capital Association, Walden University, and the U.S. Securities and Exchange Commission advisory committee on the regulation of capital markets. Mr. Holaday has a bachelors degree in engineering sciences from the U.S. Air Force Academy. He was a Rhodes Scholar, earning a bachelors degree and a masters degree in politics, philosophy, and economics from Oxford University. He also earned a law degree from George Washington Law School and is a Chartered Financial Analyst. In 2005, he was awarded an honorary Doctor of Letters from the University of North Dakota. The board concluded that Mr. Holaday should serve as a director of MDU Resources Group, Inc., in light of our business and structure, at the time we file our proxy statement for the following reasons. MDU Resources Group, Inc. has significant operations in the natural gas and oil industry where Mr. Holaday has knowledge and experience. He founded and served as president of Tenax Oil and Gas Corporation. He has four years experience in senior management with Gulf Oil Corporation and 16 years of experience managing private equity investments, including investments in oil and gas, as the head of the Private Markets Group of UBS Asset Management and its predecessor organizations. This business experience demonstrates his leadership skills and success in the oil and gas industry. Mr. Holaday brings to the board his extensive finance and investment experience as well as his business development skills acquired through his work at UBS Asset Management, Tenax Oil and Gas Corporation, Gulf Oil Corporation, and several private equity investment firms. This will enhance the knowledge of the board and provide useful insights to management in connection not only with our natural gas and oil business, but with all of our businesses.
2013-03-13	A. Bart Holaday Director Since 2008 Age 70 Audit Committee Nominating and Governance Committee Mr. Holaday headed the Private Markets Group of UBS Asset Management... Mr. Holaday brings to the board his extensive finance and investment experience, as well as his business development skills.
2014-03-12	A. Bart Holaday Director Since 2008 Age 71 Audit Committee Nominating and Governance Committee ...Mr. Holaday has extensive finance and investment experience. ...Director Compensation for 2013 A. Bart Holaday Fees Earned or Paid in Cash ($): 55,000 Stock Awards ($): 110,000 Total ($): 165,156
2015-03-18	A. Bart Holaday Director Since 2008 Age 72 Audit Committee Nominating and Governance Committee ...The board concluded that Mr. Holaday should serve as a director of MDU Resources Group, Inc., in light of our business and structure, at the time we file our proxy statement for the following reasons...Mr. Holaday brings to the board extensive finance and investment experience, as well as business development skills acquired through his work at UBS Asset Management, Tenax Oil and Gas Corporation, Gulf Oil Corporation, and several private equity investment firms. This will enhance the knowledge of the board and provide useful insights and guidance to management in connection not only with our natural gas and oil business, but with all of our businesses. His significant experience in finance supports his service on the audit committee. ...Director Compensation for2014 Name (a) A. Bart Holaday Fees Earned or Paid in Cash ($) (b) 60,833 Stock Awards ($) (c) 110,000 Total ($) (h) 170,989
2016-03-16	A. Bart Holaday Director Since 2008 Age 73 Audit Committee Nominating and Governance Committee ... Director Compensation for2015 A. Bart Holaday Fees Earned or Paid in Cash ($) 65,000 Stock Awards ($) 110,000 All Other Compensation ($) 156 Total ($) 175,156
2017-03-24	A. Bart Holaday Age 74 Independent Director Since 2008 Audit Committee Nominating and Governance Committee ... Director Compensation for 2016 ... A. Bart Holaday 65,000 Fees Earned or Paid in Cash, 110,000 Stock Awards, 83 All Other Compensation, Total 175,083