Tom Hill, the founder of Summit Materials who served as company president and CEO for more than a decade, was elected to the board of directors at Knife River Corp.
Hill, who was enshrined in the Pit & Quarry Hall of Fame in March, has been active in the aggregate, asphalt, ready-mixed concrete 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,” says Brian Gray, president and CEO of Knife River. “His background and enthusiasm for the industry – and his success leading growth efforts – [are] a great fit with the Knife River culture.”
Hill was at Oldcastle prior to establishing Summit. He served Oldcastle as CEO from 2006 to 2008.
“We are excited to welcome Tom to our board of directors,” says 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.”
According to Knife River, Hill was elected to a three-year term. He will serve on the board’s Compensation and Nominating & 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 says. “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 Tom Everist, who served on Knife River’s board since the company’s separation from MDU Resources Group.
“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 says. “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.”
