Otter Tail Management

Management criteria checks 3/4

Otter Tail's CEO is Chuck MacFarlane, appointed in Apr 2014, has a tenure of 10.58 years. total yearly compensation is $5.82M, comprised of 13.8% salary and 86.2% bonuses, including company stock and options. directly owns 0.65% of the company’s shares, worth €21.18M. The average tenure of the management team and the board of directors is 9.8 years and 9.6 years respectively.

Key information

Chuck MacFarlane

Chief executive officer

US$5.8m

Total compensation

CEO salary percentage	13.8%
CEO tenure	10.6yrs
CEO ownership	0.7%
Management average tenure	9.8yrs
Board average tenure	9.6yrs

Recent management updates

No updates

Recent updates

No updates

CEO Compensation Analysis

How has Chuck MacFarlane's remuneration changed compared to Otter Tail's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$305m
Jun 30 2024	n/a	n/a	US$311m
Mar 31 2024	n/a	n/a	US$306m
Dec 31 2023	US$6m	US$806k	US$294m
Sep 30 2023	n/a	n/a	US$278m
Jun 30 2023	n/a	n/a	US$271m
Mar 31 2023	n/a	n/a	US$275m
Dec 31 2022	US$5m	US$775k	US$284m
Sep 30 2022	n/a	n/a	US$294m
Jun 30 2022	n/a	n/a	US$262m
Mar 31 2022	n/a	n/a	US$218m
Dec 31 2021	US$5m	US$750k	US$177m
Sep 30 2021	n/a	n/a	US$144m
Jun 30 2021	n/a	n/a	US$127m
Mar 31 2021	n/a	n/a	US$102m
Dec 31 2020	US$5m	US$680k	US$96m
Sep 30 2020	n/a	n/a	US$98m
Jun 30 2020	n/a	n/a	US$86m
Mar 31 2020	n/a	n/a	US$85m
Dec 31 2019	US$6m	US$700k	US$87m
Sep 30 2019	n/a	n/a	US$81m
Jun 30 2019	n/a	n/a	US$79m
Mar 31 2019	n/a	n/a	US$82m
Dec 31 2018	US$3m	US$650k	US$82m
Sep 30 2018	n/a	n/a	US$87m
Jun 30 2018	n/a	n/a	US$81m
Mar 31 2018	n/a	n/a	US$79m
Dec 31 2017	US$3m	US$590k	US$72m

Compensation vs Market: Chuck's total compensation ($USD5.82M) is above average for companies of similar size in the German market ($USD1.90M).

Compensation vs Earnings: Chuck's compensation has been consistent with company performance over the past year.

CEO

Chuck MacFarlane (59 yo)

10.6yrs

Tenure

US$5,823,726

Compensation

Mr. Charles S. MacFarlane, also known as Chuck, has been the Chief Executive Officer and Director of Otter Tail Corporation since April 13, 2015 and its President since April 14, 2014. Mr. MacFarlane serve...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Charles MacFarlane	President	10.6yrs	US$5.82m	0.65% € 21.2m
Jennifer Smestad	VP, General Counsel & Corporate Secretary	6.8yrs	US$1.28m	0.031% € 995.8k
Timothy Rogelstad	Senior Vice President of Electric Platform	10.6yrs	US$1.64m	0.13% € 4.2m
John Abbott	Senior Vice President of Manufacturing Platform	9.8yrs	US$1.49m	0.11% € 3.6m
Todd Wahlund	VP & CFO	less than a year	no data	0.027% € 861.8k
Tyler Nelson	Vice President of Accounting	no data	no data	no data
Beth Osman	Manager of Investor Relations	no data	no data	no data
Stephanie Hoff	Director of Corporate Communications	6.6yrs	no data	no data
Paul Knutson	Vice President of Human Resources	12.2yrs	no data	0.049% € 1.6m

9.8yrs

Average Tenure

57yo

Average Age

Experienced Management: OT4's management team is seasoned and experienced (9.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles MacFarlane	President	9.6yrs	US$5.82m	0.65% € 21.2m
Nathan Partain	Independent Chairman of the Board	31.8yrs	US$293.72k	0.18% € 5.9m
Steven Fritze	Independent Director	11.3yrs	US$239.38k	0.069% € 2.2m
Thomas Webb	Independent Director	6.6yrs	US$229.63k	0.034% € 1.1m
John Erickson	Independent Director	17.6yrs	US$196.38k	0.36% € 11.7m
Jeanne Crain	Independent Director	1.8yrs	US$218.38k	0.0087% € 282.6k
Mary Ludford	Independent Director	1.8yrs	US$218.38k	0.0087% € 282.6k
Kathryn Johnson	Independent Director	11.6yrs	US$218.38k	0.063% € 2.0m
Michael Lebeau	Independent Director	2.8yrs	US$218.38k	0.015% € 473.1k

9.6yrs

Average Tenure

66yo

Average Age

Experienced Board: OT4's board of directors are considered experienced (9.6 years average tenure).