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.
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Source: SEC filing on March 20, 2012.