ALLETE Management
Management criteria checks 2/4
ALLETE's CEO is Bethany Owen, appointed in Jan 2019, has a tenure of 5.92 years. total yearly compensation is $3.57M, comprised of 21.1% salary and 78.9% bonuses, including company stock and options. directly owns 0.048% of the company’s shares, worth €1.70M. The average tenure of the management team and the board of directors is 2.8 years and 7.1 years respectively.
Key information
Bethany Owen
Chief executive officer
US$3.6m
Total compensation
| CEO salary percentage | 21.1% |
| CEO tenure | 5.9yrs |
| CEO ownership | 0.05% |
| Management average tenure | 2.8yrs |
| Board average tenure | 7.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$180m |
| Jun 30 2024 | n/a | n/a | US$221m |
| Mar 31 2024 | n/a | n/a | US$240m |
| Dec 31 2023 | US$4m | US$754k | US$247m |
| Sep 30 2023 | n/a | n/a | US$247m |
| Jun 30 2023 | n/a | n/a | US$195m |
| Mar 31 2023 | n/a | n/a | US$181m |
| Dec 31 2022 | US$2m | US$696k | US$189m |
| Sep 30 2022 | n/a | n/a | US$200m |
| Jun 30 2022 | n/a | n/a | US$193m |
| Mar 31 2022 | n/a | n/a | US$184m |
| Dec 31 2021 | US$3m | US$644k | US$169m |
| Sep 30 2021 | n/a | n/a | US$154m |
| Jun 30 2021 | n/a | n/a | US$168m |
| Mar 31 2021 | n/a | n/a | US$160m |
| Dec 31 2020 | US$2m | US$537k | US$165m |
| Sep 30 2020 | n/a | n/a | US$177m |
| Jun 30 2020 | n/a | n/a | US$167m |
| Mar 31 2020 | n/a | n/a | US$181m |
| Dec 31 2019 | US$1m | US$337k | US$186m |
| Sep 30 2019 | n/a | n/a | US$197m |
| Jun 30 2019 | n/a | n/a | US$197m |
| Mar 31 2019 | n/a | n/a | US$194m |
| Dec 31 2018 | n/a | n/a | US$174m |
| Sep 30 2018 | n/a | n/a | US$154m |
| Jun 30 2018 | n/a | n/a | US$169m |
| Mar 31 2018 | n/a | n/a | US$174m |
| Dec 31 2017 | US$702k | US$269k | US$172m |
Compensation vs Market: Bethany's total compensation ($USD3.57M) is above average for companies of similar size in the German market ($USD1.93M).
Compensation vs Earnings: Bethany's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Bethany Owen (58 yo)
5.9yrs
Tenure
US$3,574,742
Compensation
Ms. Bethany M. Owen has been Chief Executive Officer of ALLETE, Inc. since February 3, 2020 and has been its Chair since May 11, 2021. Ms. Owen serves as the President at ALLETE, Inc. since January 31, 201...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chair, CEO & President | 5.9yrs | US$3.57m | 0.048% € 1.7m | |
| Senior VP & CFO | 2.8yrs | US$1.42m | 0.019% € 676.6k | |
| VP & COO of Minnesota Power | no data | US$927.54k | 0.024% € 846.4k | |
| VP & President of Allete Clean Energy | 2.9yrs | US$1.14m | 0.019% € 678.7k | |
| Vice President of Investor Relations | no data | no data | no data | |
| VP, Chief Legal Officer & Secretary | less than a year | no data | 0.0015% € 52.5k | |
| President of Superior Water | no data | no data | no data | |
| President & CEO of New Energy Equity | 2.4yrs | no data | no data | |
| Vice President of Customer Experience- Minnesota Power | no data | no data | no data |
2.8yrs
Average Tenure
58yo
Average Age
Experienced Management: AEBA's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chair, CEO & President | 5.8yrs | US$3.57m | 0.048% € 1.7m | |
| Independent Director | 20.2yrs | US$220.00k | 0.033% € 1.2m | |
| Independent Director | 2.4yrs | US$211.67k | 0.0011% € 40.0k | |
| Independent Director | 7.3yrs | US$212.50k | 0.0011% € 41.1k | |
| Independent Director | 4.4yrs | US$215.00k | 0.020% € 706.3k | |
| Independent Lead Director | 6.9yrs | US$250.00k | 0.0012% € 42.5k | |
| Independent Director | 17.4yrs | US$215.00k | 0.020% € 716.6k | |
| Independent Director | 18.6yrs | US$205.00k | 0.028% € 1.0m | |
| Independent Director | 12.2yrs | US$217.00k | 0.011% € 406.7k | |
| Independent Director | 3.2yrs | US$215.00k | 0.011% € 409.2k |
7.1yrs
Average Tenure
66yo
Average Age
Experienced Board: AEBA's board of directors are considered experienced (7.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 18:23 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
ALLETE, Inc. is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Parker | Baird |
| Julien Dumoulin-Smith | BofA Global Research |
| Stewart Glickman | CFRA Equity Research |