Knife River Corporation (NYSE:KNF) announced Wednesday the appointment of Peggy S. Rebstock as vice president, chief accounting officer, and controller, effective Thursday. The appointment was approved by the company's board of directors.
Rebstock, 53, previously served as Knife River's vice president of financial planning and analysis since October 2024. Her earlier roles include region controller and assistant secretary at Knife River Corporation – South from February 2022 to October 2024, and at Jebro Incorporated, a company subsidiary, from July 2017 to February 2022.
According to the company's press release, Rebstock's annual base salary will be $320,000. She will remain eligible for the executive incentive compensation plan, with a target annual cash incentive of 50% for the 2026 plan year, prorated based on her tenure. She will also participate in the long-term incentive plan for 2026, with a target equity award value of 65% of base salary for the 2027 plan year. She continues to be eligible for employee benefit programs and the Change in Control Severance Plan with a 2x multiple.
The company stated there are no arrangements with any other person regarding her appointment, and she has no family relationships with any director or officer.
In related changes, Marney L. Kadrmas, formerly vice president and chief accounting officer, was named senior vice president of financial strategy. Rebstock will assume the role of principal accounting officer.
At the annual meeting held Wednesday, shareholders elected two Class III directors, Karen B. Fagg and Brian R. Gray. An advisory vote approved executive compensation, and shareholders ratified the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for 2026.
All information is based on a press release statement and the company's filing with the Securities and Exchange Commission.
