Donald Stellmaker Appointed Treasurer at ALLETE
DULUTH, Minn.--Donald W. Stellmaker, director of corporate financial planning, has been appointed treasurer of ALLETE (NYSE: ALE) by the Duluth-based corporation's board of directors.
Stellmaker, 47, joined ALLETE in 1980 as a load forecast analyst for utility subsidiary Minnesota Power.
"Don's extensive knowledge of our company, analytical skills and financial planning experience make him a great choice as treasurer," said Don Shippar, President and CEO of ALLETE. "I'm thrilled to have him as our newest officer of ALLETE."
Stellmaker earned a bachelor's degree and a master of business administration at the University of Minnesota-Duluth after graduating from Duluth East High School in 1975. He became a market research analyst at Minnesota Power in 1984 and was named a financial analyst the following year. Since then he has served as supervisor, manager and director of corporate financial planning and budgeting at ALLETE.
In his new role, Stellmaker will report to James Vizanko, who has served as ALLETE treasurer since 1993. Vizanko, the chief financial officer of the corporation, was promoted to senior vice president earlier this year.
ALLETE's corporate headquarters are located in Duluth, Minnesota. ALLETE provides energy services in the upper Midwest and has significant real estate holdings in Florida. ALLETE is the majority owner of ADESA, Inc., a leading vehicle remarketing company. More information about the company is available on ALLETE'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.