Charles S. MacFarlane is the President and CEO of Otter Tail Corporation, having taken on this role in April 2015. With a master's degree in business administration and significant experience in the utility sector, he has focused on aligning the...

Charles S. MacFarlane is the President and CEO of Otter Tail Corporation, having taken on this role in April 2015. With a master's degree in business administration and significant experience in the utility sector, he has focused on aligning the company's operations with performance metrics that matter - like corporate earnings per share and return on equity. His approach prioritizes results and accountability. In 2022, he earned a total compensation of about $5.06 million, with a base salary of $775,000 and a bonus that reflects his goal achievements. Notably, no stock grants vested for him in 2022, highlighting a strong incentive structure tied to long-term performance. Under his leadership, Otter Tail has navigated significant transitions, leveraging his deep understanding of the industry to drive the company forward. MacFarlane also holds a considerable stake in the company with around 66,455 shares to date, indicating his personal investment in the success of Otter Tail. His professional journey reflects a practical understanding of business operations at a time when the utility industry faces evolving challenges.