Cheryl Munce Named ADESA Impact President.Business Editors/Automotive Writers DULUTH, Minn.--(BUSINESS WIRE)--Sept. 10, 2003 ALLETE, Inc. (NYSE NYSE See: New York Stock Exchange :ALE) announced today that Cheryl Munce has been named president of ADESA Impact, ALLETE's total loss vehicle remarketing company based in Indianapolis. Munce is currently president of ADESA Impact's sister company in Canada, Impact Canada. She succeeds Warren Byrd, who will assist during the management transition. "With over 20 years of experience in the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , Cheryl is uniquely qualified to help us grow the total loss vehicle business," said Dave Gartzke, ALLETE President, 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. . Munce joined Impact Canada in 1996 as Director of Business Development. During that time, operations in Canada expanded into 12 locations in 6 provinces and Impact Canada's sales volume increased by approximately 250%. ADESA Impact operates 29 total loss recovery auctions in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. specializing in the sale of salvage vehicles. ALLETE's corporate headquarters are located in Duluth, Minnesota. ALLETE's holdings include ADESA, the second largest wholesale vehicle auction network in North America; AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. , the leading provider of independent auto dealer financing; Minnesota Power, a low-cost electric utility that serves some of the largest industrial customers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ; and significant real estate holdings in Florida. For more information about ALLETE, visit the company's Web site 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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