Former Summit Exec Hill Joins Knife River Board

Knife River Corp. 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 more than 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 & Gravel Association) and the National Asphalt Pavement Association. 

“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.”

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