ALLETE Chief Financial Officer Mark Schober Announces Retirement Plans
DULUTH, Minn. -- August 26, 2013
ALLETE, Inc. (NYSE: ALE) today announced the planned retirement of Chief
Financial Officer Mark Schober. As part of an orderly transition, Schober will
remain at the company until mid-year 2014.
“Mark has left an indelible mark on both the financial health and corporate
culture of this company through his leadership, integrity and strategic
positioning,” said ALLETE Chairman, President and CEO Alan R. Hodnik.
Schober joined ALLETE in 1978. He was named Director of Internal Audit in 1989
and Company Controller in 1993, before being named Senior Vice President and
Chief Financial Officer in 2006.
“Mark played a key role in the company’s successful diversification strategies
of the 1980s and the 1990s, and ALLETE’s growth strategy of today, which
includes renewable, transmission and retrofit investments to meet a changing
energy landscape,” said Hodnik. “We appreciate his significant contributions
during a distinguished 35-year career with the company and wish him the very
Schober is a graduate of the University of Minnesota-Duluth with a degree in
Accounting. He also earned a Master’s Degree in Business Administration at UMD
and is a Certified Public Account and a Certified Management Accountant.
Schober says he is confident about ALLETE’s future and its tremendous growth
opportunities through renewables, transmission investments and talented
“To have a career like this in Duluth, Minnesota and to meet people from all
over the country . . . the variety of opportunities I’ve experienced has been
amazing,” Schober said. “It’s been quite a ride.” Schober’s planned transition
is part of an orderly succession plan.
“I look forward to working with members of the senior team and the Audit
Committee and Board of Directors, along with Mark, to identify new leadership
prior to mid-year 2014,” said Hodnik.
ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. ALLETE’s
energy businesses include Minnesota Power, Superior Water, Light & Power Co.,
BNI Coal, and ALLETE Clean Energy. More information about the company is
available at www.allete.com.
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.
Tim Thorp, 218-723-3953
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