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Otter Tail Corporation (OTTR)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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85.04+0.76 (+0.90%)
At close: 04:00PM EDT
85.43 +0.39 (+0.46%)
After hours: 04:30PM 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
IndustryUtilities - Diversified
Full Time Employees2,655

Key Executives

NameTitlePayExercisedYear Born
Mr. Charles S. MacFarlanePresident, CEO & Director3.07MN/A1965
Ms. Jennifer O. SmestadVP, General Counsel & Corporate Secretary837.71kN/A1972
Mr. Timothy J. RogelstadSenior Vice President of Electric Platform1.01MN/A1967
Mr. John S. AbbottSenior Vice President of Manufacturing Platform1.03MN/A1959
Mr. Todd R. WahlundVP & CFON/AN/A1971
Mr. Tyler NelsonVice President of AccountingN/AN/AN/A
Beth OsmanManager of Investor RelationsN/AN/AN/A
Ms. Stephanie A. HoffDirector of Corporate CommunicationsN/AN/AN/A
Mr. Paul L. KnutsonVice President of Human ResourcesN/AN/AN/A
Amounts are as of December 31, 2023 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. 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 April 1, 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 a 10 indicates higher governance risk.