Alan R. Hodnik, born in 1958, is the Executive Chairman of ALLETE, Inc., a role he transitioned into after serving as CEO and Chairman until early 2020. He holds a Bachelor's Degree in Business Administration from the University of Minnesota...
Alan R. Hodnik, born in 1958, is the Executive Chairman of ALLETE, Inc., a role he transitioned into after serving as CEO and Chairman until early 2020. He holds a Bachelor's Degree in Business Administration from the University of Minnesota Duluth, marking his foundational step into the business world. Hodnik has been with ALLETE since 1982 and has climbed the ranks over the decades, holding various positions that cover operational management and organizational development. Notably, he was the elected mayor of Aurora, Minnesota, from 1988 to 1997, showing his dedication both in business and community service. Despite fluctuations in his compensation, you can see a peak in total earnings during 2017 at about $3.46 million, driven largely by vested stock and bonuses tied to company performance. In 2020, his compensation dropped to around $415,200 as he took on a different leadership style during challenging times. Hodnik's insight into both regulated and non-regulated utility operations is crucial for ALLETE, especially as the energy sector evolves.