WCCO EYE4 LOGO WCCO Radio wcco-eye-red01, ww color red

Local

Otter Tail Announces CEO Resignation

View Comments
(credit: Jupiter Images)

(credit: Jupiter Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. 4 Things To Know For Sept. 22, 2014
  2. Woman Launches New Local Bourbon Line, Crooked Water
  3. Bob Suter Leaves Behind Quite A Legacy
  4. Jason DeRusha Gladly Takes A Pie To The Kisser
  5. Alaska TV Reporter Quits On Air While Promoting Pot

FERGUS FALLS, Minn. (AP) — Otter Tail Corp. says John Erickson has resigned as president and CEO.

Erickson will continue on the board of directors. The board has appointed current director Jim McIntyre to serve as interim chief executive.

In a news release, board chairman John MacFarlane says Erickson and the board determined that Otter Tail “would be best served by new leadership to move the corporation’s strategy forward.”

MacFarlane says the board “fully endorses” its strategy to narrow its portfolio of businesses and allow the company to pursue investment opportunities in its electric utility.

Otter Tail’s interests include an electric utility and energy services company, wind energy and transportation, health services, and infrastructure businesses. Corporate offices are in Fergus Falls and Fargo, N.D.

The board is searching for a permanent CEO.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,868 other followers