ALLETE Vice President and Treasurer Donald W. Stellmaker to Retire at the End of 2015
October 01 2015 - 08:30AM
Business Wire
ALLETE, Inc. (NYSE:ALE) today announced the planned retirement
of ALLETE Vice President and Treasurer Donald W. Stellmaker. As
part of an orderly transition, Stellmaker will remain at the
company through the end of 2015.
“Don has left a legacy of financial discipline and strength to
the organization through his leadership, integrity and high ethical
standards,” said ALLETE - Senior Vice President and Chief Financial
Officer Steven Q. DeVinck.
Stellmaker joined ALLETE in 1980 as an electric load forecast
analyst for the corporation’s utility division, Minnesota Power. A
graduate of the University of Minnesota-Duluth with a Master’s
degree in business administration, Stellmaker became a market
research analyst at Minnesota Power in 1984 and was named a
financial analyst the following year.
He later served as supervisor, manager and director of corporate
financial planning at ALLETE as the Duluth-based energy company
diversified into telecommunications, water utilities, automotive
services and real estate. Stellmaker was appointed treasurer of
ALLETE in July of 2004 and was named a vice president of the
corporation in 2011.
ALLETE is an energy company headquartered in Duluth, Minn. In
addition to its electric utilities, Minnesota Power and Superior
Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean
Energy, based in Duluth, U.S. Water Services headquartered in St.
Michael, Minn., BNI Coal in Center, N.D., and has an eight percent
equity interest in the American Transmission Co. More information
about ALLETE is available at www.allete.com. ALE-CORP
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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version on businesswire.com: http://www.businesswire.com/news/home/20151001005159/en/
ALLETE, Inc.Investor Contact:Vince Meyer,
218-723-3952vmeyer@allete.com
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