Otter Tail Corporation (OTTR)

71.48 +1.22 (+1.74%) At close: 04:00PM EDT

Otter Tail Corporation

215 South Cascade Street
P.O. Box 496
Fergus Falls, MN 56538-0496
United States
866 410 8780
https://www.ottertail.com

Sector(s): Utilities
Industry: Utilities—Diversified
Full Time Employees: 2,487

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Charles S. MacFarlane	Pres, CEO & Director	2.73M	N/A	1965
Mr. Kevin G. Moug	Sr. VP & CFO	990.07k	N/A	1960
Ms. Jennifer O. Smestad	VP, Gen. Counsel & Corp. Sec.	764.12k	N/A	1971
Mr. Timothy J. Rogelstad	Sr. VP of Electric Platform & Pres of Otter Tail Power Company	759.4k	N/A	1967
Mr. John S. Abbott	Sr. VP of Manufacturing Platform & Pres of Varistar	885.21k	N/A	1959
Tyler Akerman	Mang. of Investor Relations	N/A	N/A	N/A
Ms. Stephanie A. Hoff	Director of Corp. Communications	N/A	N/A	N/A
Mr. Paul L. Knutson	VP of HR	N/A	N/A	N/A

Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company's Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator, Inc. markets. This segment generates electricity through coal, wind and hydro, and natural gas. It serves approximately 133,000 residential, industrial, and other commercial customers. Its Manufacturing segment engages in the contract machining, metal parts stamping, fabrication and painting, and production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components, and extruded raw material stock for recreational vehicle, agricultural, construction, lawn and garden, and industrial and energy equipment industries. It also manufactures clamshell packing, blister packs, returnable pallets, and handling trays for shipping and storing odd-shaped or difficult-to-handle parts for customers in the horticulture, medical and life sciences, industrial, recreation, and electronics industries. The company's Plastics segment manufactures polyvinyl chloride pipes for municipal water, rural water, wastewater, storm drainage and water reclamation system, and other uses. This segment markets its products to wholesalers and distributors through independent sales representatives, company salespersons, and customer service representatives. The company was formerly known as Otter Tail Power Company and changed its name to Otter Tail Corporation in 2001. Otter Tail Corporation was founded in 1907 and is headquartered in Fergus Falls, Minnesota.

Corporate Governance

Otter Tail Corporation’s ISS Governance QualityScore as of February 1, 2023 is 2. The pillar scores are Audit: 4; Board: 1; Shareholder Rights: 5; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.