Business
Otter Tail Corporation Appoints Ms. Jeanne Crain and Ms. Mary Ludford to Board of Directors
Mr. James Stake to retire at April Annual Meeting of Shareholders FERGUS FALLS, Minn.--(BUSINESS WIRE)-- Otter Tail Corporation (“the Company”) has appointed
About this update from Otter Tail Corporation
[{"type":"text","content":"\nMr. James Stake to retire at April Annual Meeting of Shareholders\n\n FERGUS FALLS, Minn.--(BUSINESS WIRE)--\nOtter Tail Corporation (“the Company”) has appointed Ms. Jeanne Crain of Minneapolis, Minnesota, and Ms. Mary Ludford of Chicago, Illinois, to the company’s Board of Directors effective January 1, 2023.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221222005507/en/Mr. James Stake Nathan Partain, Chair of the Company’s Board of Directors, stated, \"We would like to thank Jim for his many contributions during his fourteen years of service as a member of the Board. Jim’s support of the Company’s energy transition and more than a decade of service as Chair of the Compensation and Human Capital Management Committee of the Board have been invaluable. We wish Jim the very best in his retirement.\" (Photo: Business Wire)\nOutgoing Board Member James Stake, who has served as an independent Board member since 2008, has chosen not to stand for re-election and instead retire from the Board following the Company's upcoming Annual Meeting of Shareholders in April 2023. Mr. Stake would have reached mandatory retirement age during the upcoming term had he stood for re-election.\n\nMr. James Stake\n\nNathan Partain, Chair of the Company’s Board of Directors, stated, \"We would like to thank Jim for his many contributions during his fourteen years of service as a member of the Board. Jim’s support of the Company’s energy transition and more than a decade of service as Chair of the Compensation and Human Capital Management Committee of the Board have been invaluable. We wish Jim the very best in his retirement.\"\n\nMs. Jeanne Crain\n\nMs. Crain is president and chief executive officer of a $16 billion financial services organization with locations in Minnesota, Wisconsin, and North Dakota.\n\n“Jeanne has combined extensive financial industry knowledge with decades of leadership experience to advance strategy and performance,” said Partain. “Her financial expertise and leadership experience are well-aligned to serve our shareholders, customers, and communities.” Ms. Crain has been appointed to serve on the Audit and Compensation and Human Capital Management Committees of Otter Tail’s Board.\n\nCrain earned her masters in business administration from Marquette University and ...