Otter Tail Corporation (OTTR)

84.25 +1.96 (+2.38%) At close: 04:00PM EDT

Otter Tail Corporation

215 South Cascade Street
PO 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: 2,655

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Charles S. MacFarlane	President, CEO & Director	3.07M	N/A	1965
Ms. Jennifer O. Smestad	VP, General Counsel & Corporate Secretary	837.71k	N/A	1972
Mr. Timothy J. Rogelstad	Senior Vice President of Electric Platform	1.01M	N/A	1967
Mr. John S. Abbott	Senior Vice President of Manufacturing Platform	1.03M	N/A	1959
Mr. Todd R. Wahlund	VP & CFO	N/A	N/A	1971
Mr. Tyler Nelson	Vice President of Accounting	N/A	N/A	N/A
Beth Osman	Manager of Investor Relations	N/A	N/A	N/A
Ms. Stephanie A. Hoff	Director of Corporate Communications	N/A	N/A	N/A
Mr. Paul L. Knutson	Vice President of Human Resources	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes 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. It operates through three segments: Electric, Manufacturing, and Plastics. The 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 markets. This segment generates electricity through coal, fuel oil, solar, wind, and natural gas. It serves approximately residential, commercial, and industrial customers. The Manufacturing segment engages in the contract machining, metal parts stamping, fabrication and painting, production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components and extruded raw material stock for the recreational vehicle, lawn and garden, agricultural, construction, and industrial and energy equipment end markets. The Plastics segment manufactures polyvinyl chloride pipes for municipal water, rural water, wastewater, storm drainage and water reclamation system, and other uses for customers in the horticulture, medical and life sciences, industrial, recreation, and electronics industries. 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 1 April 2024 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 10 indicates higher governance risk.