Otter Tail Corporation Appoints Ms. Jeanne Crain and Ms. Mary Ludford to Board of Directors
23 12월 2022 - 5:34AM
Business Wire
Mr. James Stake to retire at April Annual Meeting of
Shareholders
Otter Tail Corporation (“the Company”) has appointed Ms. Jeanne
Crain of Minneapolis, Minnesota, and Ms. Mary Ludford of Chicago,
Illinois, to the company’s Board of Directors effective January 1,
2023.
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Mr. James Stake Nathan Partain, Chair of
the Company’s Board of Directors, stated, "We would like to thank
Jim for his many contributions during his fourteen years of service
as a member of the Board. Jim’s support of the Company’s energy
transition and more than a decade of service as Chair of the
Compensation and Human Capital Management Committee of the Board
have been invaluable. We wish Jim the very best in his retirement."
(Photo: Business Wire)
Outgoing Board Member James Stake, who has served as an
independent Board member since 2008, has chosen not to stand for
re-election and instead retire from the Board following the
Company's upcoming Annual Meeting of Shareholders in April 2023.
Mr. Stake would have reached mandatory retirement age during the
upcoming term had he stood for re-election.
Mr. James Stake
Nathan Partain, Chair of the Company’s Board of Directors,
stated, "We would like to thank Jim for his many contributions
during his fourteen years of service as a member of the Board.
Jim’s support of the Company’s energy transition and more than a
decade of service as Chair of the Compensation and Human Capital
Management Committee of the Board have been invaluable. We wish Jim
the very best in his retirement."
Ms. Jeanne Crain
Ms. Crain is president and chief executive officer of a $16
billion financial services organization with locations in
Minnesota, Wisconsin, and North Dakota.
“Jeanne has combined extensive financial industry knowledge with
decades of leadership experience to advance strategy and
performance,” said Partain. “Her financial expertise and leadership
experience are well-aligned to serve our shareholders, customers,
and communities.” Ms. Crain has been appointed to serve on the
Audit and Compensation and Human Capital Management Committees of
Otter Tail’s Board.
Crain earned her masters in business administration from
Marquette University and has a bachelor’s degree from the
University of North Dakota, where she was a 2018 recipient of the
Sioux Award, the highest honor given by the Alumni Association and
Foundation for achievement, service, and loyalty. She is a native
of North Dakota, is a member of the Board of Directors for the
Minneapolis Federal Reserve Bank where she serves as the Chair of
its Audit Committee, and has been recognized by the Minneapolis/St.
Paul Business Journal as one of their Most Admired CEOs.
Ms. Mary Ludford
Ms. Ludford is an accomplished senior operating executive with
39 years of energy-industry experience developing and executing
complex strategic plans for a fortune 100 company in a regulated
environment.
“Mary is a high-energy, dynamic leader who has consistently set
clear visions, established comprehensive strategies, and driven
executional excellence throughout her career,” said Partain. “Her
functional experience in Cyber Security Control programs, Internal
Audit, Financial Controls, Customer Operations, Financial Planning,
and Regulatory and Governmental Affairs will offer tremendous
insights to our board.” Ms. Ludford has been appointed to serve on
the Audit and Corporate Governance Committees of Otter Tail’s
Board.
Ludford graduated with her masters in business administration
from Loyola University.
About the Corporation: Otter Tail Corporation has
interests in diversified operations that include an electric
utility and manufacturing businesses. Otter Tail Corporation stock
trades on the Nasdaq Global Select Market under the symbol OTTR.
The latest investor and corporate information are available at
www.ottertail.com. Corporate offices are in Fergus Falls,
Minnesota, and Fargo, North Dakota.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221222005507/en/
Media contact: Stephanie Hoff, Director of Corporate
Communications, (218) 739-8535
Investor contact: Kevin Moug, Chief Financial Officer,
(701) 451-3562
Otter Tail (NASDAQ:OTTR)
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