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Knife River Names Stevens Chief People Officer; Christenson Retires After 47-Year Career

Knife River Corporation (NYSE: KNF) announced today that Sarah L. Stevens has been promoted to Vice President and Chief People Officer. Stevens is succeeding Vice President of Administration Nancy K. Christenson, who has retired after 47 years with the company.

“Nancy’s professionalism, work ethic and expertise have been invaluable to Knife River for nearly five decades,” said Knife River President and CEO Brian Gray. “More than that, she has embodied what it means to genuinely care about people. Knife River is a people-first company, and it is a fitting tribute to Nancy that we have created the position of Chief People Officer. It’s equally fitting that Sarah is our first CPO. She has done so much to champion our team members throughout her 19 years at Knife River, helping us make giant strides in engagement, recruiting, coaching, training and development.”

Stevens previously was Vice President of Human Resources for Knife River. In her new role, she oversees Human Resources, compensation and benefits, HR compliance, team member relations, recruitment and retention, training and career development. Stevens has a master’s degree in business administration from George Fox University and an undergraduate degree from the University of Puget Sound. She is certified in Human Resources and maintains her SPHR and SHRM-SCP.

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. Knife River also performs vertically integrated contracting services, specializing in publicly funded DOT projects and private projects across the industrial, commercial and residential space. For more information about the company, visit www.kniferiver.com.

Contacts

Media Contact:

Tony Spilde, Vice President of Communications, 541-693-5949

Investor Contact:

Zane Karimi, Director of Investor Relations, 503-944-3508

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