After a 40-year career with MDU Resources Group, president and CEO David L. Goodin announced in a press release that he is set to retire on Jan. 5.

Nicole A. Kivisto, current president and CEO of MDU Resources' electric and natural gas utility companies, was unanimously selected to succeed Goodin as MDU Resources' president and CEO effective Jan. 6. She will become a member of the board of directors at the same time.

Goodin began his career in 1983 as an electrical engineer with subsidiary Montana-Dakota Utilities Co. He served in various positions of increasing responsibility, becoming MDU Resources’ president and CEO in 2013.

“Dave has done an outstanding job leading MDU Resources through significant strategic initiatives, helping to grow subsidiary companies to a size and scale that can stand on their own,” Dennis W. Johnson, board chairman, said in a press release. “Through our succession planning process, it was clear to the board that Nicole has the strategic vision, shareholder focus, core values and regulated energy operations experience necessary to continue growing the company and enhancing shareholder value."

Kivisto began her career at MDU Resources in 1995 and has held a number of positions, including previous roles as controller and chief accounting officer. She was named president and CEO of MDU Resources' utilities, which include Cascade Natural Gas Corp., Intermountain Gas Company and Montana-Dakota Utilities Co., in 2015.