Knife River Corporation (NYSE: KNF) has announced the appointment of Patricia Chiodo to its board of directors, effective June 27, 2024. Chiodo brings extensive financial expertise to the board and will serve on the audit and compensation committees.
Prior to this appointment, Chiodo served as the Chief Financial Officer of Verra Mobility Corporation until her retirement in 2022. Before that, she held the same position at RSC Holdings, a renter of construction and industrial equipment. Chiodo also currently serves on the audit committee for UNS Energy Corporation and has previous experience on the audit committee for publicly traded Embark Technology, Inc.
According to Karen Fagg, the chair of Knife River's board, Chiodo's corporate strategy, mergers and acquisitions, risk management, and capital markets experience, along with her skills as a team builder, make her a valuable addition to the board.
Knife River Corporation, a member of the S&P MidCap 400 index, specializes in mining aggregates and marketing crushed stone, sand, gravel, and related construction materials. It also offers ready-mix concrete, asphalt, and other value-added products, as well as distributing cement and asphalt oil. As a result of these announcements, the company's shares have moved -0.5% on the market, and are now trading at a price of $69.72. For more information, read the company's full 8-K submission here.
