Knife River Names Pladsen Vice President and Chief Excellence Officer
27 November 2024 - 8:30AM
Business Wire
Knife River Corporation (NYSE: KNF) announced today that Glenn
R. Pladsen has been named Vice President and Chief Excellence
Officer, tasked with leading core elements of the company’s
“Competitive EDGE” strategy for long-term, profitable growth. The
position takes effect Jan. 1, 2025.
“EDGE” stands for EBITDA Margin Improvement, Discipline, Growth
and Excellence. The “Excellence” pillar of EDGE helps support each
of the other key initiatives. In his current role as vice president
of support services, Pladsen has been directly involved in
launching the company’s Process Improvement Teams (PIT Crews), the
Knife River Training Center and other strategic programs aimed at
building a strong team and delivering profitable results. His role
is being expanded to help the company achieve industry-leading
safety performance and excellence across its commercial and
operational initiatives.
“We have seen significant early success with our PIT Crews and
our training and development efforts, and we believe there are
considerable opportunities to build on this momentum,” said Knife
River President and CEO Brian Gray. “This is an exciting time at
Knife River. We’re focused on continued growth and success. Glenn
is well-respected across our organization and is highly skilled at
developing and standardizing best practices for process
improvements. There are multiple paths to achieving our strategic
goals, and on each of those paths we are focused on excellence and
continuous improvement.”
Pladsen joined Knife River in 2007. In addition to his previous
role as vice president of support services, he has led the
company’s capital budgeting, safety, environmental and information
technology processes. He has a degree in mechanical engineering
from North Dakota State University.
“We believe Glenn’s combination of deep institutional knowledge
and his proven ability to help us innovate will allow us to more
quickly and consistently target areas where we can improve our
processes,” Gray said. “Whether it is commercial excellence,
operational excellence or safety excellence, adding this position
to our senior management team puts an emphasis on our drive and
determination to reach our goals – for our team members and for our
shareholders.”
About Knife River
Knife River Corporation, a member of the S&P MidCap 400
index, mines aggregates and markets crushed stone, sand, gravel and
related construction materials, including ready-mix concrete,
asphalt and other value-added products. It also distributes cement
and asphalt oil. It performs integrated contracting services. For
more information about Knife River, visit www.kniferiver.com.
Forward-Looking Statement
The information in this news release highlights the key growth
strategies, projections and certain assumptions for the company and
its subsidiaries. Many of these highlighted statements and other
statements not historical in nature are “forward-looking
statements” within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended. Although the company believes
that its expectations are expressed in good faith and based on
reasonable assumptions, there is no assurance the company’s
projections or estimates for growth, shareholder value creation,
long-term goals or other proposed strategies will be achieved.
Please refer to assumptions contained in this news release, as well
as the various important factors listed in Part I, Item 1A - Risk
Factors in the company's 2023 Form 10-K and subsequent filings with
the Securities and Exchange Commission.
Changes in such assumptions and factors could cause actual
future results to differ materially from those expressed in the
forward-looking statements. All forward-looking statements in this
news release are expressly qualified by such cautionary statements
and by reference to the underlying assumptions. Undue reliance
should not be placed on forward-looking statements, which speak
only as of the date they are made. Except as required by law, Knife
River does not undertake to update forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20241126592087/en/
Media Contact: Tony Spilde, Senior Director of Communications,
541-693-5949
Investor Contact: Zane Karimi, Director of Investor Relations,
503-944-3508
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