Susan K. Nestegard Named to ALLETE Board of Directors
January 16 2018 - 6:30AM
Business Wire
Susan K. Nestegard, a member of the board of directors for
Hormel Foods, has been elected to the ALLETE Inc. (NYSE:ALE) board
of directors.
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Susan K. Nestegard (Photo: Business
Wire)
Together with nine years of service on the Hormel Foods board,
Nestegard’s most recent industry career included serving as
executive vice president and president of Global Healthcare, and
chief technical officer and global head of research, development
and engineering for Ecolab, Inc. Prior to joining Ecolab, Nestegard
was with 3M company for 20 plus years driving revenue expansion
through innovation in multiple technical and business leadership
roles, while making significant contributions to growth through 26
patents in her name.
In addition, Nestegard served on the board of directors for
American Capital Ltd. through 2017, when the company was acquired
by Ares Capital. During that time, she also served as interim CEO
of Alcami Ltd., one of American Capital’s holdings. She also is an
advisor at True Wealth Ventures.
"Susan brings a wealth of experience in project management,
product development and strategic thinking to the board. A big part
of her career was focused on building successful teams, a good fit
for ALLETE where people, culture and leadership differentiate us,"
said ALLETE Chairman, President and CEO Al Hodnik. "In addition,
during her tenure with Ecolab, she gained valuable insights into
the value of the energy-water nexus and will bring added depth to
our Board in connection with ALLETE’s investment in and growth
strategy for U.S. Water Services."
Nestegard’s election to the board reflects ALLETE’s longstanding
commitment to having a diverse, best-practices governance board.
Her appointment brings the board to 12 members.
"Susan’s election is part of the ALLETE board’s long-term
succession planning,” ALLETE Lead Director Heidi Jimmerson said.
“The board is excited to welcome Susan as she joins us at our next
meeting. Her strong background in corporate governance and broad
experience in leading successful product launches, growing business
divisions and leading technological changes will bring significant
value to ALLETE."
Nestegard earned a bachelor's degree in chemical engineering
from the University of Wisconsin-Madison and a master’s degree in
materials science engineering from the University of Minnesota. She
completed executive education in strategic marketing at Harvard
Business School and in finance at Columbia University.
Nestegard and her husband live in Austin, Texas. Throughout her
career, Nestegard has been passionate about supporting women in
reaching their full potential, particularly through science,
technology, engineering and math (STEM) education and careers.
She joins a diverse, experienced, best-practice governance board
at ALLETE, which includes Hodnik, Lead Director
Jimmerson (former executive vice president, secretary and
general counsel at Florida East Coast Railway LLC) and directors
Kathryn W. Dindo (retired vice president and chief risk
officer for FirstEnergy Corp.), Sidney W. Emery Jr. (chief
executive officer and owner of Supply Chain Services LLC),
George G. Goldfarb (president and chief executive officer of
Maurices Inc. and president and chief executive officer of the
Value Fashion Segment of Ascena Retail Group Inc.), James S.
Haines Jr. (former chief executive officer and director of
Westar Energy Inc.), James J. Hoolihan (former chief
executive officer and chair of the board of Industrial Lubricant
Co.), Madeleine W. Ludlow (founder and chair of the board of
West Capital Advisors LLC), Douglas C. Neve (former
executive vice president and chief financial officer of Ceridian
Corp.), Robert P. Powers (retired vice chairman of American
Electric Power), and Leonard C. Rodman (retired chairman,
president and chief executive officer of Black & Veatch).
ALLETE, Inc. is an energy company headquartered in Duluth,
Minnesota. In addition to its electric utilities, Minnesota Power
and Superior Water, Light and Power of Wisconsin, ALLETE owns
ALLETE Clean Energy, based in Duluth, BNI Energy in Bismarck, North
Dakota, U.S. Water Services in St. Michael, Minnesota, 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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ALLETE, Inc.Amy Rutledge, 218-723-7400arutledge@allete.com
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