ALLETE Chief Financial Officer Steve DeVinck Announces Retirement Plans as Part of Planned Transition
September 26 2016 - 4:05PM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160926006348/en/
ALLETE, Inc.Investor Contact:Vince Meyer, 218-723-3952Director –
Investor Relations & Treasuryvmeyer@allete.com
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