DULUTH, Minn.--(BUSINESS WIRE)--
ALLETE (NYSE:ALE) today announced the planned retirement of Chief
Financial Officer Steve DeVinck. As part of a planned orderly
transition, DeVinck will remain at the company until spring 2017.
DeVinck joined ALLETE in 1997 after fourteen years with the U.S.
operations of Enbridge, Inc. where he held the position of chief
accountant and various other leadership roles in accounting and tax. He
was promoted to assistant controller in 1999, named director,
non-utility business development in 2004, and served as ALLETE
controller from 2006 to 2013 before assuming the CFO role.
"Steve has been an invaluable champion of our company through an
exciting time of energy industry transformation," said ALLETE Chairman,
President and CEO Al Hodnik. "Steve has demonstrated keen financial
leadership and the highest standards of integrity and ethics while
executing ALLETE's energy-centric growth strategy of transmission,
renewable energy and customer-focused sustainable solutions. We
appreciate Steve's many contributions during his distinguished 20-year
career and wish him the very best in the future."
Hodnik added DeVinck played a key role in the creation of ALLETE
subsidiary ALLETE Clean Energy and the 2015 acquisition of U.S. Water,
an integrated water-solutions company, as well as his involvement in the
largest equity offering in company history in 2014.
"ALLETE has a strong talent pipeline. I look forward to collaborating
with Steve and our senior leadership team during this planned transition
as we identify new leadership in the CFO role from within the company,"
Hodnik said.
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, MN, BNI Energy in
Center, ND, 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. 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/20160926006348/en/
ALLETE, Inc.
Investor Contact:
Vince Meyer,
218-723-3952
Director - Investor Relations & Treasury
vmeyer@allete.com
Source: ALLETE, Inc.
News Provided by Acquire Media