FARGO, N.D., Dec. 19, 2011 (GLOBE NEWSWIRE) -- Otter Tail Corporation's (Nasdaq:OTTR) Board of Directors has appointed Mark W. Olson to serve the remaining two and a half years of the term made vacant by the November 8th, 2011 retirement of former Board Chair John MacFarlane. Olson was nominated and confirmed at the regular Otter Tail Corporation Board of Directors meeting held on December 16, 2011.
Olson, currently Co-Chair of Treliant Risk Advisors, a multi-disciplinary compliance and strategic advisory firm specializing in the financial services industry, has had an extensive career as a top-level executive in both the public and the private sector. In addition to his five years as a member of the Federal Reserve Board of Governors and the Federal Open Market Committee, Olson spent three years as Chairman of the Public Company Accounting Oversight Board.
He spent more than a decade as a partner with Ernst & Young LLP, and currently serves as a member of the Ernst & Young Global Advisory Board.
Olson is a past president of the American Bankers Association, starting his career at First Bank System (now U.S. Bancorp), and eventually becoming President and CEO of Security State Bank, Fergus Falls, MN, a community institution founded by his father in 1957. His ties to the region remain strong, and he maintains a summer home on Otter Tail Lake, near Otter Tail, Minnesota.
About The Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility and energy services company, wind energy and transportation, health services, and infrastructure businesses that include manufacturing, construction and plastics. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at www.ottertail.com. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.
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