Allete announces retirement of CFO Steven Morris and succession plan

Allete (ALE) announced that CFO Steven W. Morris will retire later this year after a distinguished nearly 25-year career with the company. In the interim and as part of an orderly succession plan, Morris, 63, will remain with the company until July. Morris joined the Duluth-based company in 2001 and was promoted to Senior Vice President and CFO in February 2022 after serving in numerous key strategic roles throughout his tenure. Owen said Morris’ planned retirement is part of an orderly succession plan, and that she has initiated steps to identify a new CFO and expects to do so later in the first quarter.