Madeleine W Ludlow Named To Allete Board Of Directors
DULUTH, Minn. -- ALLETE, Inc. (NYSE: ALE) announced today the addition of Madeleine W. Ludlow to its board of directors. Ludlow brings an extensive corporate finance background to ALLETE, having served in senior management positions for several energy companies and investment firms.
Ludlow, 50, most recently held senior management positions at Cadence Network, Inc., a Cincinnati-based energy services company. She joined Cadence in 2000 and during four years served in several capacities there including chief financial officer, president, and chairman. In 1997, Ludlow joined Cinergy Corporation where during three years she served as president of the Energy Commodities Business Unit and vice president and Chief Financial Officer of Cinergy. She also held senior management positions with PSEG and Morgan Stanley & Co. Ludlow holds a bachelor's degree and a master's of business administration from the University of Virginia.
"Madeleine's experience with energy companies and related businesses will be a real asset to our board," said Bruce Stender, ALLETE board chairman. "ALLETE's core business is one she knows extremely well and we welcome her aboard."
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. 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.