– USA, MN – Otter Tail Corporation (NASDAQ: OTTR) today announced the appointment of Jeanne Crain and Mary Ludford to its Board of Directors, effective January 1, 2023.
“Jeanne has combined extensive financial industry knowledge with decades of leadership experience to advance strategy and performance. Her financial expertise and leadership experience are well-aligned to serve our shareholders, customers, and communities,” said Board Chair. “Mary is a high-energy, dynamic leader who has consistently set clear visions, established comprehensive strategies, and driven executional excellence throughout her career. Her functional experience in Cyber Security Control programs, Internal Audit, Financial Controls, Customer Operations, Financial Planning, and Regulatory and Governmental Affairs will offer tremendous insights to our board.”
Ms. Ludford will also join the Audit and Corporate Governance Committees, while Mais. Crain will serve on the Audit Compensation and Human Capital Management Committees.
James Stake will retire from the Board following the upcoming AGM in April 2023.
About Jeanne Crain
Ms. Crain is president and chief executive officer of a $16 billion financial services organization located in Minnesota, Wisconsin, and North Dakota.
Crain earned her master’s in business administration from Marquette University and has a bachelor’s degree from the University of North Dakota. She was a 2018 recipient of the Sioux Award, the highest honor given by the Alumni Association and Foundation for achievement, service, and loyalty. She is a native of North Dakota, is a member of the Board of Directors for the Minneapolis Federal Reserve Bank where she serves as the Chair of its Audit Committee, and has been recognized by the Minneapolis/St. Paul Business Journal as one of their Most Admired CEOs.
About Mary Ludford
Ms. Ludford is an accomplished senior operating executive with 39 years of energy-industry experience developing and executing complex strategic plans for a fortune 100 company in a regulated environment.
Ludford graduated with her master’s in business administration from Loyola University.
About Otter Tail Corporation
Otter Tail has interests in diversified operations that include electric utility and manufacturing businesses.
For more information: https://ottertail.com/
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