Alan Hodnik Named President of ALLETE.DULUTH, Minn. -- ALLETE, Inc. (NYSE NYSE See: New York Stock Exchange :ALE) today announced that its Board of Directors has named Alan R. Hodnik President of ALLETE. Hodnik, 49, will also be joining the company's Board. Donald J. Shippar, 60, remains Chairman of the Board and Chief Executive Officer of ALLETE. "Al has significant strategic, leadership and operational expertise," said Shippar. "He is well suited to help me guide ALLETE, and will play a key role during this period of significant capital growth as we strive to meet environmental and renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. mandates and prepare for future greenhouse gas greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas initiatives." Hodnik, a graduate of the University of Minnesota (body, education) University of Minnesota - The home of Gopher. http://umn.edu/. Address: Minneapolis, Minnesota, USA. , joined Minnesota Power in 1978 and in 2007 was named Minnesota Power's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. with responsibilities for transmission, distribution, generation and engineering functions as well as Superior, Water, Light & Power and BNI BNI Business Network International BNI Business Networking International BNI Bank Negara Indonesia BNI Bechtel National, Inc. BNI British Nursing Index BNI Barrow Neurological Institute (Phoenix, AZ) Coal. His previous positions include Senior Vice President of Minnesota Power Operations, Vice President - Generation Operations, and Leader of ALLETE's Organizational Development Team. He is also a member of the Edison Electric Institute's Energy Supply Executive Advisory Committee. Besides maintaining strong working relationships with business, organized labor Organized Labor An association of workers united as a single, representative entity for the purpose of improving the workers' economic status and working conditions through collective bargaining with employers. Also known as "unions". , political and education leaders in northeastern Minnesota, Hodnik has served on various state and regional task forces throughout his career. A native of Aurora, Minnesota, he served as its mayor from 1988-1997. "It is humbling and exciting to have the opportunity to help lead ALLETE during this period in the company's history," Hodnik said. "ALLETE has a talented team of employees, and is well positioned both strategically and financially. I look forward to working closely with Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Don Shippar and our leadership team to drive long-term growth and shareholder value while maintaining the outstanding service our customers have come to expect." Based in Duluth, Minn., ALLETE provides regulated energy services in Minnesota and Wisconsin, has an equity investment in the American Transmission Company, and owns BNI Coal in North Dakota and ALLETE Properties in Florida. More information about the company is available at www.allete.com. The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission. |
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