ALLETE Chief Financial Officer Mark Schober Announces Retirement Plans
August 26 2013 - 12:00PM
Business Wire
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
best.”
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 people.
“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.
ALLETE, Inc.Investor Contact:Tim Thorp,
218-723-3953tthorp@allete.com
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