What Does Otter Tail Corporation Do?

Total employees314
HeadquartersFergus Falls
Founded1907

Otter Tail Corporation (NASDAQ: OTTR) is a diversified holding company with a rich history dating back to 1907. Headquartered in Fergus Falls, Minnesota, the corporation operates through two main segments: Electric and Manufacturing. The Electric segment, primarily through Otter Tail Power Company, generates, transmits, and distributes electricity to residential, commercial, and industrial customers in Minnesota, North Dakota, and South Dakota. The Manufacturing segment includes businesses involved in contract machining, metal fabrication, and the production of plastic components for various industries. Otter Tail Corporation is committed to providing essential products and services, focusing on operational excellence, strategic growth, and delivering value to its customers, communities, and shareholders.

Where Is Otter Tail Corporation's Headquarters?

HQ Function

The headquarters serves as the central hub for strategic decision-making, corporate governance, financial management, investor relations, and overall administration for its diverse business segments.

Notable Features:

The headquarters is a modern facility designed to support efficient operations and collaboration. Its location in Fergus Falls underscores its deep community roots and long-standing presence in the region.

Work Culture:

The work culture at Otter Tail Corporation's headquarters is generally perceived as professional and collaborative, reflecting its long-standing presence and commitment to its employees and the communities it serves. There's an emphasis on stability, integrity, and customer focus.

HQ Significance:

The Fergus Falls headquarters is significant as it's the nerve center for a corporation that provides essential services to a broad region and manages diverse manufacturing operations. It symbolizes the company's historical roots and ongoing commitment to its operational base.

Values Reflected in HQ: The headquarters likely reflects values such as integrity, community focus, operational excellence, and a commitment to long-term stability, providing a professional and efficient environment for its corporate functions.

Location:

While Otter Tail Corporation's primary operations, including its electric utility services and most manufacturing facilities, are concentrated in the United States (primarily the Upper Midwest), its manufactured products, particularly from subsidiaries like BTD Manufacturing and T.O. Plastics, may be incorporated into end-products that are distributed globally by their customers. The company directly serves customers and manages operations primarily within the U.S., focusing on domestic markets for its energy and manufacturing segments.

Street Address:

215 South Cascade Street

City:

Fergus Falls

State/Province:

MN

Country:

USA

Where Else Does Otter Tail Corporation Operate Around the World?

Detroit Lakes, MN, USA

Address: 1111 13th Ave SE, Detroit Lakes, MN 56501

Serves as a major manufacturing hub in the Midwest, leveraging regional skilled labor and proximity to customers in the agricultural, energy, and recreational vehicle sectors.

Clearwater, MN, USA

Address: 2205 120th St NW, Clearwater, MN 55320

Supports the company's plastics manufacturing operations, serving a national customer base with specialized plastic products, and contributing to the regional manufacturing economy.

Buying Intent Signals for Otter Tail Corporation

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Otter Tail Corporation? Meet the Executive Team

As of April 2025, Otter Tail Corporation' leadership includes:

Charles S. MacFarlane - President and Chief Executive Officer (Retiring June 2024)
Todd Wahlund - Senior Vice President, Chief Financial Officer and Treasurer
Timothy J. Rogelstad - President, Otter Tail Power Company (Incoming President and CEO of Otter Tail Corporation, June 2024)
Nathan A. Parker - President, Manufacturing Platform
Jennifer L. Smestad - Vice President, General Counsel and Corporate Secretary

Who's Investing in Otter Tail Corporation?

Otter Tail Corporation has been backed by several prominent investors over the years, including:

Publicly Traded: NASDAQ: OTTR
BlackRock, Inc.
The Vanguard Group, Inc.
Dimensional Fund Advisors LP
State Street Corporation

What Leadership Changes Has Otter Tail Corporation Seen Recently?

Hire0
Exits1

Otter Tail Corporation announced a significant leadership succession plan in early 2024. CEO Chuck MacFarlane is set to retire in mid-2024, with Tim Rogelstad, current President of Otter Tail Power Company, appointed as his successor. Concurrently, Todd Sanden will be promoted to President of Otter Tail Power Company.

Departures

Charles S. MacFarlane, Charles S. MacFarlane to retire as President and CEO on June 28, 2024, following a planned leadership succession.

New Appointments:

Timothy J. Rogelstad, Timothy J. Rogelstad, current President of Otter Tail Power Company, appointed to become President and CEO of Otter Tail Corporation effective June 28, 2024.
Todd Sanden, Todd Sanden, current Vice President of Operations at Otter Tail Power Company, appointed to become President of Otter Tail Power Company effective June 28, 2024.

What Technology (Tech Stack) Is Used byOtter Tail Corporation?

Discover the tools Otter Tail Corporation uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Otter Tail Corporation Email Formats and Examples

Otter Tail Corporation and its primary subsidiary, Otter Tail Power Company, utilize standardized email formats for professional communication. Based on publicly available information, a common format has been identified.

The most common email format for Otter Tail Corporation appears to be `[first_initial][last_name]@ottertail.com`. For example, Jane Doe would be jdoe@ottertail.com.

Format

shoff@ottertail.com

Example

90%

Success rate

What's the Latest News About Otter Tail Corporation?

Otter Tail Corporation Investor RelationsMay 6, 2024

Otter Tail Corporation Reports Strong First Quarter Earnings and Increases 2024 Earnings Guidance

Otter Tail Corporation announced first quarter 2024 net income of $55.0 million, or $1.28 per diluted share, compared to $53.4 million, or $1.25 per diluted share, for the first quarter of 2023. The company also increased its 2024 diluted earnings per share guidance to a range of $4.27 to $4.57....more

Otter Tail Corporation Investor RelationsFebruary 20, 2024

Otter Tail Corporation Announces Leadership Succession Plan: Chuck MacFarlane to Retire as CEO; Tim Rogelstad Named Successor

Otter Tail Corporation announced that President and CEO Chuck MacFarlane will retire on June 28, 2024. Tim Rogelstad, current President of Otter Tail Power Company, will succeed him as President and CEO of the corporation and join its Board of Directors....more

Otter Tail Corporation Investor RelationsFebruary 20, 2024

Otter Tail Corporation Increases Quarterly Dividend by 5.4%

The Otter Tail Corporation Board of Directors increased the company's quarterly common stock dividend to $0.4625 per share, a 5.4% increase. This marked the 10th consecutive year of dividend increases and the 85th consecutive year the company has paid dividends....more

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