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Otter Tail Corporation Appoints Dr. Michael LeBeau to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Otter Tail Corporation announces the retirement of Board Member Timothy O’Keefe at the upcoming April Annual Meeting. O’Keefe has served for eight years, contributing valuable insights in marketing and public policy. He is succeeded by Dr. Michael LeBeau, effective January 1, 2022. Dr. LeBeau brings extensive experience in health and public policy as the Chief Administrative Officer at Sanford Health. His leadership is expected to enhance the board’s perspective and insights, particularly in relation to North Dakota.
Positive
Appointment of Dr. Michael LeBeau expected to bring fresh perspectives and insights to the Board.
Dr. LeBeau's extensive experience in health services could strengthen the corporation's business strategies.
Negative
Retirement of Timothy O’Keefe may create a gap in continuity and experience on the Board.
Timothy O’Keefe to retire at April Annual Meeting of Shareholders
FERGUS FALLS, Minn.--(BUSINESS WIRE)--
Otter Tail Corporation has appointed Dr. Michael LeBeau of Bismarck, North Dakota, to the company’s Board of Directors, effective January 1, 2022.
Otter Tail Corporation has appointed Dr. Michael LeBeau to the company’s Board of Directors, effective January 1, 2022. (Photo: Business Wire)
Outgoing Board Member Timothy O’Keefe will serve his last day in April, retiring at Otter Tail Corporation’s Annual Meeting of Shareholders. “Tim has provided valued business and operational perspectives, particularly in marketing, customer service, and public policy, during his service to our board,” said Nathan Partain, Board of Directors Chairman. “His commitment to our vision, our employees, and our customers has brought great value to our corporation. We are grateful for his contributions and eight years of service.”
New Board Member Dr. LeBeau has extensive leadership and health and public policy expertise within the health services industry. He currently serves as System Vice President and Chief Administrative Officer for the health services division of Sanford Health.
“Michael will bring great perspective,” said Partain. “His familiarity with North Dakota and depth of professional experience will offer tremendous insights to our board.”
Dr. LeBeau is an active community leader, serving as a board member for the University of North Dakota Alumni Association and Foundation, the Bismarck State College Foundation, North Dakota Hospital Association, Missouri Family Valley YMCA of Bismarck, and University of North Dakota School of Medicine & Health Sciences Advisory Board. He graduated from the University of North Dakota School of Medicine & Health Sciences, fulfilled his residency in internal medicine at Gunderson Lutheran Medical Foundation, completed a nephrology fellowship at the University of Iowa, and is board certified by the American Board of Internal Medicine.
About the Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility and manufacturing businesses. Otter Tail Corporation stock trades on the Nasdaq Global Select Market under the symbol OTTR. The latest investor and corporate information are available at www.ottertail.com. Corporate offices are in Fergus Falls, Minnesota, and Fargo, North Dakota.
Media contact: Stephanie Hoff, Director of Corporate Communications, (218) 739-8535 or (218) 205-6179
Investor contact: Tyler Akerman, Manager of Investor Relations, (218) 998-7110 or (800) 664-1259
Source: Otter Tail Corporation
FAQ
Who is the new board member appointed by Otter Tail Corporation?
Dr. Michael LeBeau has been appointed to the Board of Directors.
When is Timothy O’Keefe retiring from Otter Tail Corporation?
Timothy O’Keefe is set to retire at the April Annual Meeting of Shareholders.
What expertise does Dr. Michael LeBeau bring to Otter Tail Corporation?
Dr. LeBeau brings extensive leadership and health services expertise.
What role did Timothy O’Keefe serve on the board?
Timothy O’Keefe served for eight years, providing insights in marketing and public policy.
When did Dr. Michael LeBeau join the Otter Tail Corporation Board?
Dr. LeBeau joined the board effective January 1, 2022.
