Otter Tail CFO Kevin Moug to retire Dec 31, 2023; Todd Wahlund named successor effective Jan 1, 2024

Otter Tail Corp

CFO Kevin Moug retiring after 27 years; effective Dec 31, 2023.
Todd Wahlund, currently CFO of Otter Tail Power Company, becomes CFO Jan 1, 2024.
Wahlund's compensation: base $415K, 50% cash incentive target, $400K LTI target.
Wahlund has 31 years at Otter Tail; planned internal succession.
No family relationships with directors or executive officers.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Kevin Moug

Chief Financial Officer and Senior Vice President

OTTR · Otter Tail Corp

Effective: 2023-12-31
Successor: Todd Wahlund
Filed: October 4, 2023, 7:59 PM ET

Kevin Moug, the Chief Financial Officer and Senior Vice President, of Otter Tail Corporation (the Company), notified the Company of his intention to retire effective December 31, 2023.

Appointed

Todd Wahlund

Vice President and Chief Financial Officer

OTTR · Otter Tail Corp

Effective: 2023-12-31
Filed: October 4, 2023, 7:59 PM ET

The Board has elected Todd Wahlund to the position of Vice President and Chief Financial Officer, effective on Mr. Moug’s retirement.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Moug departed as Chief Financial Officer and Senior Vice President at Otter Tail Corp.

Action: retire
Role: Chief Financial Officer and Senior Vice President

Exact text from the filing

Kevin Moug, the Chief Financial Officer and Senior Vice President, of Otter Tail Corporation (the Company), notified the Company of his intention to retire effective December 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd Wahlund was elected as Vice President and Chief Financial Officer at Otter Tail Corp.

Action: elected
Role: Vice President and Chief Financial Officer

Exact text from the filing

The Board has elected Todd Wahlund to the position of Vice President and Chief Financial Officer, effective on Mr. Moug’s retirement.

View on SEC.gov

Otter Tail Corp filing history →

Source: SEC EDGAR

accession 0001466593-23-000154

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