DULUTH, Minn.--(BUSINESS WIRE)--
Patrick L. Cutshall, director-Investments and Tax, has been named
treasurer of ALLETE Inc. (NYSE:ALE) by the Duluth-based company's board
of directors, effective Jan. 1, 2016. Cutshall will succeed ALLETE
Treasurer Donald W. Stellmaker, who recently announced his plans to
retire at the end of this year.
Cutshall has been with ALLETE for 26 years, beginning in 1989 when he
joined utility affiliate Minnesota Power as a financial analyst in
Accounting. He moved to Investments and Analysis in 1990 where he held
various leadership roles before being promoted to manager-Investments in
2009 and director-Investments and Tax in 2014.
"Pat has tremendous business sense, emanating from his strong financial
expertise and experience," said Steven Q. DeVinck, ALLETE senior vice
president and chief financial officer. "He has developed a broad
understanding of ALLETE's businesses through leading or being actively
engaged in numerous key initiatives."
Cutshall is a Certified Public Accountant and holds the Chartered
Financial Analyst designation. A 1987 graduate of the University of
Minnesota-Duluth with a bachelor's degree in accounting, he was an
auditor at Ernst & Whinney before joining Minnesota Power.
Cutshall is a director and treasurer of the Paul Staudenmaier Boys and
Girls Club of Duluth Foundation, a director and treasurer of the Depot
Foundation, and a member of the oversight committee for the Financial
Markets Program at the Labovitz School of Business and Economics at the
University of Minnesota Duluth. He is also a former member and past
president of the St. John's School Board.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151105005246/en/
ALLETE Inc.
Investor Contact:
Vince Meyer,
218-723-3952
vmeyer@allete.com
Source: ALLETE Inc.
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