ALLETE appoints CEO Bethany Owen to additional role of Board Chair

– USA, MN –  ALLETE Inc. (NYSE: ALE) today announced the appointment of its President and CEO Bethany Owen as chair of its board of directors effective May 11, 2021, succeeding Alan Hodnik who retired as executive chairman following the 2021 AGM.

“Bethany’s inaugural year as CEO has been like no other. Under her exemplary leadership, ALLETE successfully navigated the pandemic and its economic impacts on customers, a shift to many employees working remotely, and the implementation of new health and safety employee protocols to ensure 24/7 delivery of essential energy services, all while enhancing the company’s culture grounded in strong values,” said Lead Director, Heidi Jimmerson.

“This decision is the culmination of the board’s extensive succession planning process and demonstrates our confidence in Bethany’s strategic and collaborative leadership and in the senior team she has assembled to advance ALLETE’s growth as a leader in the clean-energy transformation, creating value for all stakeholders,” added Jimmerson.

About Bethany Owen

Owen has served as ALLETE’s president since 2019 and CEO since February 2020. Owen assumed the role of CEO as the worldwide pandemic was escalating, and has successfully navigated challenges related to COVID-19, maintaining a steadfast focus on the health and safety of employees, customers, and communities, while advancing ALLETE’s strategy of sustainability in action.

During the past 15 months, Owen strengthened relationships with stakeholders as she oversaw significant initiatives, including strategic investments in ALLETE Clean Energy’s largest wind developments, the completion of Minnesota Power’s Great Northern Transmission line, a rate case resolution, the filing of Minnesota Power’s Integrated Resource Plan with a vision for a carbon-free energy future, and the completion of the company’s first comprehensive sustainability report with an enhanced focus on social aspects of diversity, equity, and inclusion.

Owen joined the company in 2002 as an attorney and has extensive leadership experience in legal, corporate governance, information and cyber technology, human resources, and utility operations in her many previous roles. She served as the director-Transmission Regulatory Compliance and Business Support from 2009 to 2010. From 2010 through 2016, Owen served as president of Superior Water, Light and Power Co., a wholly owned subsidiary of ALLETE. In 2012, she was named vice president-Minnesota Power, and in 2014, she also became vice president-ALLETE Information Technology Solutions. In 2016, Owen was appointed ALLETE senior vice president and chief legal and administrative officer and corporate secretary before being named president of ALLETE in January 2019 and CEO in February 2020.

Prior to joining ALLETE, Owen worked for four years in the United States Senate in Washington, D.C. She also has experience in the telecommunications and food industries, holding positions as legal counsel for various public and private ventures after receiving her law degree from the University of Minnesota Law School. Owen has served on a number of community boards including most recently, the Duluth Superior Area Community Foundation, where she currently serves as vice chair of the board of trustees.

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.

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