Bethany M. Owen is the Chair, President, and CEO of ALLETE, Inc., since February 2020. She brings nearly 20 years of experience to this role, having started at ALLETE as an attorney in 2002. Bethany's career path shows her ability...

Current Market Cap

$3.71B

Number of Employees

1.58K

Total Compensation

2020 - 2023

Trending down by -25.64% last year
Showing total compensation for the last 2020 - 2023

Stock

Down by -84.34% last year

Salary

Up by 8.30% last year

Bonus

Up by 0.00% last year

Other

Up by 97.33% last year

Year

2023

Total Compensation

$1.25M

Salary

$753.89K

Board Justification

The compensation philosophy is designed to align the interests of executives with those of shareholders, focusing on performance-based metrics and market competitiveness.

Bonus

$0.00

Board Justification

No bonus was reported for 2023 as it is not applicable to the CEO's compensation structure.

Other

$372.00K

Board Justification

This includes contributions to retirement plans and other benefits.

Restricted Stock

$124.86K(2.09K RSU)

Board Justification

The RSUs granted in 2021 vested on December 31, 2023, and were paid in Common Stock on February 9, 2023.

Performance Metrics

The performance metrics include annual financial targets, strategic goals, operational objectives, and safety goals.

SEC Filing

From March 27, 2024

Bethany M. Owen

CEO of ALLETE

A

Education

Juris Doctor from the University of Minnesota Law School

Field of Expertise

Legal & Compliance - Law

Born

January 1, 1965 - 59 years ago

Is Founder?

No

Current Tenure

4 years 8 months (Feb 2020 - Present)

Previous Experience

President of Superior Water, Light and Power Company, Senior Vice President and Chief Legal and Administrative Officer at ALLETE, Inc.