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DeVinck takes role as ALLETE CFO

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news Superior, 54880

Superior Wisconsin 1226 Ogden Ave. Ste. 1 54880

Controller and vice president of business support, Steve DeVinck, was promoted to chief financial officer of Duluth-based ALLETE effective March 3. He replaces CFO Mark Schober who announced his intention to retire last August.

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DeVinck joined ALLETE in 1997 after working 14 years with the U.S. operations of Enbridge Inc., where he held the position of chief accountant and various other leadership roles in accounting and tax. He was promoted to assistant controller at ALLETE in 1999, and in 2004 he was named director of nonutility business development.

DeVinck has been ALLETE controller for the past seven years. In 2009, he assumed the additional role of vice president of business support with responsibility for overseeing information technology and other support functions.

“Steve brings a wealth of business expertise and financial leadership experience to his new role,” said Al Hodnik, ALLETE chairman, president and chief executive officer. “He has also demonstrated strong energy-centric strategic positioning skills and the ability to grow and develop his team for new opportunities. These strengths will serve him well as we execute our growth strategy in this changing energy landscape.”

In his new role, DeVinck will have responsibility for all financial aspects of ALLETE’s operations, including investor relations, treasury and financial planning, accounting and tax, and internal audit. He will also continue to oversee information technology solutions and support services.

A graduate of the University of Wisconsin-Superior and a certified public accountant, DeVinck and his wife Britt reside in Superior. He serves as president of the University of Wisconsin-Superior Foundation Board, is a member of the board of the Superior Douglas County YMCA and is a member of the Finance Council for the Catholic Diocese of Superior.

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