ALLETE CEO Alan Hodnik's 2011 pay jumps 74% to $2.2M

ALLETE reports 2011 executive compensation

By ExecPay News

Published: March 20, 2012

ALLETE reported fiscal year 2011 executive compensation information on March 20, 2012.
In 2011, five ALLETE executives received on average a compensation package of $1.1M, a 45% increase compared to previous year.
Average pay of disclosed executives at ALLETE
Alan R. Hodnik, Chief Executive Officer, received $2.2M in total, which increased by 74% compared to 2010. 29% of Hodnik's compensation, or $655K, was of change in pension value and nonqualified deferred compensation earnings. Hodnik also received $563K in non-equity incentive plan, $495K in salary, $447K in stock awards, as well as $74K in other compensation.
Mark A. Schober, Chief Financial Officer, received a compensation package of $1.1M, which increased by 29% compared to previous year. 31% of the compensation package, or $345K, was of change in pension value and nonqualified deferred compensation earnings.
Deborah A. Amberg, General Counsel, earned $773K in 2011, a 32% increase compared to previous year.
David J. McMillan, Senior Vice President External Affairs, received $732K in 2011, which increases by 32% compared to 2010.
Robert J. Adams, Vice President Business Development and Chief Risk Officer, earned $587K in 2011, a 27% increase compared to previous year.

Related executives

Alan Hodnik

ALLETE

Chairman

Mark Schober

ALLETE

Chief Financial Officer

Deborah Amberg

ALLETE

Former Senior Vice President and Chief Strategy Officer Regulated Operations

David McMillan

ALLETE

Senior Vice President–External Affairs

Robert Adams

ALLETE

Chief Financial Officer

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Source: SEC filing on March 20, 2012.