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Otter Tail Corp (OTTR.OQ)

OTTR.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Nathan Partain

61 2011 Independent Chairman of the Board

Charles MacFarlane

53 2015 President, Chief Executive Officer, Director

Kevin Moug

58 2011 Chief Financial Officer, Senior Vice President

John Abbott

59 2015 Senior Vice President - Manufacturing Platform

Timothy Rogelstad

51 2014 Senior Vice President - Electric Platform

Jennifer Smestad

47 2018 Vice President, General Counsel and Corporate Secretary

Karen Bohn

64 2003 Independent Director

John Erickson

59 2014 Independent Director

Steven Fritze

63 2013 Independent Director

Kathryn Johnson

63 2014 Independent Director

Timothy O'Keefe

68 2014 Independent Director

James Stake

65 2008 Independent Director

Loren Hanson

2015 Assistant Secretary

Biographies

Name Description

Nathan Partain

Mr. Nathan I. Partain, CPA, is an Independent Chairman of the Board of the Company. He is President and Chief Investment Officer - Duff & Phelps Investment Management Co., President, Chief Executive Officer and Chief Investment Officer - DNP Select Income Fund, Inc.(closed-end utility income fund), Director, DNP Select Income Fund Inc.; DTF Tax-Free Income Inc.; Duff & Phelps Utility and Corporate Bond Trust Inc.; Duff & Phelps Global Utility Income Fund, Inc. (These four closed end investment fund companies share a common board, of which, Mr. Partain is one of ten directors. These entities constitute a single fund complex under SEC rules). The Board benefits from the financial expertise Mr. Partain provides, as well as from the knowledge he has acquired regarding the utility industry from twenty-seven years of providing electric utility investment research and management services to institutional clients of Duff & Phelps. Mr. Partain is a National Association of Corporate Directors Board Leadership Fellow, awarded in recognition of his completion of NACD’s comprehensive program of study for corporate Directors and ongoing engagement in the Director community.

Charles MacFarlane

Mr. Charles (Chuck) Scot MacFarlane is President, Chief Executive Officer, Director of the Company. He served as President and Chief Executive Officer (since April 2015), Chief Operating Officer (2014-2015), Senior Vice President, Electric Platform (2003-2014), Otter Tail Corporation. He served as Chief Executive Officer (2007-2014), President (2003-2014), Otter Tail Power Company. Mr. MacFarlane provides the Board a direct link to the Executive Management team of Otter Tail Corporation. Mr. MacFarlane is critical to the development and execution of the strategic direction of Otter Tail Corporation. Mr. MacFarlane also provides the Board with the benefit of his business and utility expertise developed over the course of his career at Otter Tail Power Company and Xcel Energy, Inc.

Kevin Moug

John Abbott

Mr. John Abbott is Senior Vice President - Manufacturing Platform of the Company. Mr. Abbott served as an officer and group vice president for eight years at Standex International Corporation (Standex), a group of restaurant equipment companies. During his last five years at Standex, Mr. Abbott served as Group Vice President, Food Service Equipment Group. In this role, Mr. Abbott was responsible for all strategic and operational aspects of the Food Service Equipment business. Prior to working at Standex, Mr. Abbott was with Pentair for 20 years, rising from product manager to president and global business unit leader of its water filtration division.

Timothy Rogelstad

Mr. Timothy J. Rogelstad is Senior Vice President - Electric Platform of the Company. Mr. Rogelstad joined OTP in June 1989 as an engineer in the System Engineering Department and served as Supervisor, Transmission Planning, and Manager, Delivery Planning, before being named Vice President, Asset Management, in 2012. In the role of Vice President, Asset Management at OTP, he was in charge of OTP’s Delivery Planning, Delivery Maintenance, Delivery Engineering, System Operations, and Project Management Departments. Mr. Rogelstad is a registered professional engineer in the three states where OTP serves, Minnesota, North Dakota, and South Dakota.

Jennifer Smestad

Ms. Jennifer Smestad is appointed as Vice President, General Counsel and Corporate Secretary of the Company., since January 1, 2018. Ms. Smestad joined the Company on May 14, 2001 as an Associate General Counsel and has served in various legal capacities of increasing responsibility at the Company and at OTP. She most recently served as General Counsel for OTP from March 1, 2013 to the present.

Karen Bohn

Ms. Karen M. Bohn is an Independent Director of the Company. She is President-Galeo Group, LLC (management consulting firm), Director and Board Chair-Ameriprise Certificate Company. Ms. Bohn provides the Board with her business and financial expertise developed over the course of her career in the financial services sector as well as her insight gained from providing consulting services in the areas of governance, management effectiveness, and strategy to a variety of large and small companies. Ms. Bohn is a National Association of Corporate Directors Board Leadership Fellow, having completed NACD’s comprehensive program of study for corporate Directors and ongoing engagement in the Director community. Ms. Bohn serves on the Audit and Corporate Governance Committees.

John Erickson

Mr. John D. Erickson is Director of the Company. He is Former President and Chief Executive Officer - Otter Tail Corporation (Resigned, September 8, 2011),Consultant - ECJV Holdings, LLC, an entity controlled by Cascade Investment, L.L.C. As former Chief Executive Officer, Mr. Erickson provides the Board his leadership experience, financial expertise and knowledge of Otter Tail Corporation and the utility industry.

Steven Fritze

Mr. Steven L. Fritze is an Independent Director of the Company. He is the former Retired Chief Financial Officer Ecolab, Inc. (provider of water, hygiene and energy technologies and services)., Director Mortenson Construction, Inc. Mr. Fritze provides the Board with the benefit of his extensive corporate accounting, finance and financial reporting expertise from his service as Chief Financial Officer of Ecolab and from his executive and business management experience gained over 32 years of service to Ecolab in a variety of roles.

Kathryn Johnson

Ms. Kathryn O. Johnson is an Independent Director of the Company. She is Owner/Principal of Johnson Environmental Concepts, (specializes in applying geochemistry to resource development in the mining industry and remediation of legacy contamination of soil and water); Board Member (2005-2017) President (2011-2013) South Dakota Board of Regents. Former Board Member South Dakota Board of Minerals and Environment. Ms. Johnson provides the Board with a scientific approach to the problems faced by Otter Tail Power Company and the Corporation’s manufacturing companies. She also provides a working understanding of South Dakota state government.

Timothy O'Keefe

Mr. Timothy J. O'Keefe is an Independent Director of the Company. He is Retired Executive Vice President University of North Dakota Alumni Association. He is Retired Chief Executive Officer University of North Dakota Foundation (non-profit). Mr. O’Keefe provides the Board his extensive private, public, and not-for-profit business experience earned over a 35-year career and an excellent understanding of the region Otter Tail Power Company serves. Mr. O’Keefe is a National Association of Corporate Directors Board Leadership Fellow, having completed NACD’s comprehensive program of study for corporate Directors and ongoing engagement in the Director community.

James Stake

Mr. James B. Stake is an Independent Director of the Company. He is Retired Executive Vice President - Enterprise Services, 3M Company(diversified manufacturing), Director, C. H. Robinson Worldwide, Inc. Mr. Stake provides the Board with his business experience with diversified companies developed during his career at 3M Company, which is particularly relevant to the non-utility operating companies of Otter Tail Corporation.

Loren Hanson

Basic Compensation

Name Fiscal Year Total

Nathan Partain

208,050

Charles MacFarlane

3,363,330

Kevin Moug

1,799,840

John Abbott

934,164

Timothy Rogelstad

1,658,680

Jennifer Smestad

--

Karen Bohn

157,050

John Erickson

143,050

Steven Fritze

157,050

Kathryn Johnson

143,050

Timothy O'Keefe

143,050

James Stake

157,050

Loren Hanson

--
As Of  31 Dec 2017

Options Compensation