Sundar PichaiSundar Pichai earned $164M in 2023
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David L. Goodin

Ex-CEO of MDU Resources Group

Education

Bachelor's degree in Electrical Engineering

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1960 - 65 years ago

Economy Sector

Industrials

Tenure

11 years 0 months (Jan 2013 - Jan 2024)

Previous Experience

Various positions within MDU Resources since 1983

David L. Goodin is the CEO of MDU Resources Group, Inc., where he started his journey as an electrical engineer back in 1983. Over the years, he climbed the corporate ladder, becoming the President and CEO in 2013. He has...

Year

2023

Total Compensation

$3.78M

Salary

$1.09M

Board Justification

The compensation philosophy focuses on aligning executive compensation with company performance, including a significant portion of pay at risk based on performance metrics.

Bonus

$2.43M

Board Justification

Annual cash incentive based on performance measures achieved in 2023, including a DEI modifier of 5% for diversity, equity, and inclusion initiatives.

Other

$48.69K

Board Justification

Includes contributions to the 401(k) plan, life insurance premiums, and matching charitable contributions.

Restricted Stock

$207.41K(115.91K RSU)

Board Justification

Time-vesting restricted stock units that vested on December 31, 2023, as part of the long-term incentive plan.

Performance Metrics

Business segment earnings, electric and natural gas distribution earnings, construction services EBITDA, and strategic initiatives related to the spinoff of Knife River.