Press release article from our research archive:

NEW CEO NAMED AT MINNESOTA POWER

Minnesota Power (NYSE: MPL) today elected the Company's president, Edwin L. Russell, to the additional post of chief executive officer, continuing a transition announced last year.

Russell, 50, joined Minnesota Power last May as president of the diversified utility. He succeeds Arend J. Sandbulte, 62, who announced last year he would retire in May 1996, concluding a career spanning more than 31 years with Minnesota Power.

Sandbulte will continue as Chairman of the Board until his retirement. It is expected that Russell will be elected board chairman when shareholders of Minnesota Power hold their annual meeting May 14 in Duluth, Minn.

Russell brings to Minnesota Power a ...

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