ALLETE announces Board member Susan Nestegard as next Lead Director

– USA, MN –  ALLETE, Inc. (NYSE: ALE) today announced the selection of Susan Nestegard as lead director among the independent directors, to succeed Heidi Jimmerson who will retire from the board following 2022 AGM scheduled for May 10.

Susan Nestegard has served on the ALLETE board since 2018. As lead director, Nestegard is an ex officio member of the corporate governance and nominating committee, the audit committee, and the executive compensation committee.

“Susan’s strategic acumen and her years of experience in a variety of executive leadership roles at multinational companies and entrepreneurial startups bring insight and perspective to ALLETE as we advance our sustainability in action strategy and drive continued growth by transforming the nation’s energy landscape,” said Board Chair and CEO, Bethany Owen. “The valuable expertise she provided during the profitable divestiture of U.S. Water Services reflects her extensive experience with successful acquisitions. She also is deeply committed to sustainability in all its forms. We welcome Susan to her new role.”

The company also announced the retirement of Kathryn Dindo who has been a director since 2009.

About Susan K. Nestegard

Susan Nestegard also serves on the Hormel Foods Corporation’s board of directors. She was president of global healthcare of Ecolab, Inc. from 2010 to 2012; EVP, global healthcare from 2008 to 2010; and SVP, research, development, and engineering, and CTO from 2003 to 2008. Susan Nestegard has more than 20 years of experience with 3M Company in product development and business unit management, driving revenue expansion through innovation. Also an individual innovator, Nestegard holds 26 patents in her name. Susan Nestegard currently serves as an advisory board member of Contec, Inc. and is an advisor at True Wealth Ventures.

Throughout her career, Susan Nestegard has been passionate about supporting women in reaching their full potential, particularly through science, technology, engineering and math education and careers.

About ALLETE, Inc.

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, and has an 8% equity interest in the American Transmission Co.

For more information : https://www.allete.com/

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