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Otter Tail Corp (OTTR.OQ)

OTTR.OQ on NASDAQ Stock Exchange Global Select Market

45.80USD
15 Dec 2017
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Summary

Name Age Since Current Position

Nathan Partain

60 2011 Chairman of the Board, Independent Director

Charles MacFarlane

52 2015 President, Chief Executive Officer, Director

Kevin Moug

57 2011 Chief Financial Officer, Senior Vice President

George Koeck

64 2011 Senior Vice President, General Counsel, Corporate Secretary

John Abbott

58 2015 Senior Vice President, Manufacturing Platform

Timothy Rogelstad

50 2014 Senior Vice President - Electric Platform

Karen Bohn

63 2003 Independent Director

John Erickson

58 2014 Independent Director

Steven Fritze

62 2013 Independent Director

Kathryn Johnson

62 2014 Independent Director

Timothy O'Keefe

67 2014 Independent Director

Joyce Schuette

66 2006 Independent Director

James Stake

64 2008 Independent Director

Loren Hanson

2015 IR Contact Officer, Assistant Secretary

Biographies

Name Description

Nathan Partain

Mr. Nathan I. Partain is an Chairman of the Board of the Company. He is President and Chief Investment Officer - Duff & Phelps Investment Management Co.,President, Chief Executive Officer and Chief Investment Officer - DNP Select Income Fund, Inc.(closed-end utility income fund), Director, DNP Select Income Fund Inc.; DTF Tax-Free Income Inc.; Duff & Phelps Utility and Corporate Bond Trust Inc.; Duff & Phelps Global Utility Income Fund, Inc. (These four closed end investment fund companies share a common board, of which, Mr. Partain is one of ten directors. These entities constitute a single fund complex under SEC rules). The Board benefits from the financial expertise Mr. Partain provides, as well as from the knowledge he has acquired regarding the utility industry from twenty-seven years of providing electric utility investment research and management services to institutional clients of Duff & Phelps. Mr. Partain is a National Association of Corporate Directors Board Leadership Fellow, awarded in recognition of his completion of NACD’s comprehensive program of study for corporate Directors and ongoing engagement in the Director community.

Charles MacFarlane

Mr. Charles (Chuck) S. MacFarlane is President, Chief Executive Officer, Director of the Company. On February 5, 2014 the Company’s board of directors appointed Mr. MacFarlane, then President and Chief Executive Officer of OTP and Senior Vice President, Electric Platform of the Company, to the role of President and Chief Operating Officer of the Company, effective April 14, 2014. Mr. MacFarlane joined OTP in 2001 and had served as its President from 2003 to 2014 and its Chief Executive Officer from 2007 to 2014. He served as Senior Vice President, Electric platform of the Company from 2012 to 2014. Prior to joining OTP, Mr. MacFarlane served as Director of Electric Distribution Planning and Engineering for Xcel Energy Inc.’s multi-state service territory. He was also Director of Delivery Construction and Field Operations for Northern States Power Company prior to its merger with New Centuries Energy and becoming Xcel Energy. On April 14, 2014 Timothy J. Rogelstad was appointed to succeed Mr. MacFarlane as President of OTP and Senior Vice President, Electric Platform of the Company. Mr. Rogelstad joined OTP in June 1989 as an engineer in the System Engineering Department and served as Supervisor, Transmission Planning, and Manager, Delivery Planning, before being named Vice President, Asset Management, in 2012. In the role of Vice President, Asset Management at OTP, he was in charge of OTP’s Delivery Planning, Delivery Maintenance, Delivery Engineering, System Operations, and Project Management Departments. Mr. Rogelstad is a registered professional engineer in the three states where OTP serves, Minnesota, North Dakota, and South Dakota.

Kevin Moug

Mr. Kevin G. Moug is Chief Financial Officer, Senior Vice President of the Company.

George Koeck

John Abbott

Mr. John Abbott is Senior Vice President, Manufacturing Platform of the Company. He has served as an officer and group vice president at Standex International Corporation (Standex), a group of restaurant equipment companies. During the past five years, Mr. Abbott served as Group Vice President, Food Service Equipment Group at Standex. In this role, Mr. Abbott was responsible for all strategic and operational aspects of the Food Service Equipment business. Prior to working at Standex, Mr. Abbott was with Pentair for 20 years, rising from product manager to president and global business unit leader of its water filtration division.

Timothy Rogelstad

Mr. Timothy J. Rogelstad is Senior Vice President - Electric Platform of the Company. He was appointed to succeed Mr. MacFarlane as President of OTP and Senior Vice President, Electric Platform of the Company. Mr. Rogelstad joined OTP in June 1989 as an engineer in the System Engineering Department and served as Supervisor, Transmission Planning, and Manager, Delivery Planning, before being named Vice President, Asset Management, in 2012. In the role of Vice President, Asset Management at OTP, he was in charge of OTP’s Delivery Planning, Delivery Maintenance, Delivery Engineering, System Operations, and Project Management Departments. Mr. Rogelstad is a registered professional engineer in the three states where OTP serves, Minnesota, North Dakota, and South Dakota.

Karen Bohn

Ms. Karen M. Bohn is an Independent Director of the Company. She is President-Galeo Group, LLC (management consulting firm), Director and Board Chair-Ameriprise Certificate Company,Former Director, Gander Mountain Company (Resigned, January 14, 2010). Ms. Bohn provides the Board with her business and financial experience developed over the course of her career in the financial services sector, as well as her insight gained from providing consulting services in the areas of governance, management effectiveness, and strategy to a variety of small companies. Ms. Bohn serves on the Audit and Corporate Governance Committees. Ms. Bohn is a National Association of Corporate Directors Board Leadership Fellow, awarded in recognition of her completion of NACD’s comprehensive program of study for corporate Directors and ongoing engagement in the Director community.

John Erickson

Mr. John D. Erickson is Director of the Company. He is Former President and Chief Executive Officer - Otter Tail Corporation (Resigned, September 8, 2011),Consultant - ECJV Holdings, LLC, an entity controlled by Cascade Investment, L.L.C. As former Chief Executive Officer, Mr. Erickson provides the Board his leadership experience, his financial experience and his knowledge of Otter Tail Corporation and the utility industry developed over his years of service with Otter Tail Corporation. Mr. Erickson serves on no Committees.

Steven Fritze

Mr. Steven L. Fritze is an Independent Director of the Company. He is the former Chief Financial Officer of EcoLab, Inc. He retired from EcoLab effective December 31, 2012. Mr. Fritze provides the Board with the benefit of his extensive corporate accounting, finance and financial reporting expertise from his service as Chief Financial Officer of Ecolab and from his executive and business management experience gained over 32 years of service to the Ecolab in a variety of roles. He has attended several committee meetings as a part of his orientation.

Kathryn Johnson

Ms. Kathryn O. Johnson is an Independent Director of the Company. She is Owner/Principal of Johnson Environmental Concepts, (specializes in applying geochemistry to resource development in the mining industry and remediation of legacy contamination of soil and water); President of South Dakota Board of Regents (2011-present); Board Member (2005-present). Former Board Member of South Dakota Board of Minerals and Environment. Ms. Johnson serves on the Compensation and Corporate Governance Committees.

Timothy O'Keefe

Mr. Timothy J. O'Keefe is an Independent Director of the Company. He retired recently as the Executive Vice President of the University of North Dakota (UND) Alumni Association and Chief Executive Officer of the UND Foundation. He is an entrepreneur and senior executive with strong North Dakota and Midwestern connections and has led retail, financial and non-profit organizations for 35 years.

Joyce Schuette

Ms. Joyce Nelson Schuette is an Independent Director of the Company. She is Retired Managing Director and Investment Banker Piper Jaffray & Co.(financial services). Ms. Schuette provides the Board with the benefit of the business and financial experience she has developed over the course of her career, particularly in the area of investment banking. Ms. Schuette serves on the Audit and Compensation Committees.

James Stake

Mr. James B. Stake is an Independent Director of the Company. He is Retired Executive Vice President - Enterprise Services, 3M Company(diversified manufacturing), Director, C. H. Robinson Worldwide, Inc. Mr. Stake provides the Board with his business experience with diversified companies developed during his career at 3M Company, which is particularly relevant to the non-utility operating companies of Otter Tail Corporation. Mr. Stake serves on the Audit and Compensation Committees.

Loren Hanson

Basic Compensation

Name Fiscal Year Total

Nathan Partain

208,114

Charles MacFarlane

2,484,450

Kevin Moug

1,306,700

George Koeck

930,491

John Abbott

776,908

Timothy Rogelstad

1,357,000

Karen Bohn

157,114

John Erickson

143,114

Steven Fritze

157,114

Kathryn Johnson

143,114

Timothy O'Keefe

143,114

Joyce Schuette

143,114

James Stake

157,114

Loren Hanson

--
As Of  31 Dec 2016