WEST FARGO, N.D., March 31 /PRNewswire-FirstCall/ — Stefan Nilsson has been named president of DMI Industries, a leading North American manufacturer of wind towers, effective April 1. Headquartered in West Fargo, N.D., DMI is an operating company of Otter Tail Corporation .
Prior to accepting the DMI role, Nilsson was a vice president in the U.S. Robotics Division of ABB Inc., a multinational engineering corporation. ABB provides power and automation technology for utility and industry customers in about 100 countries. The company is also one of the world’s largest independent suppliers of internal components, controls and grid connections for wind-generated power projects.
Nilsson held various executive roles at ABB, including in sales, business development, operations and general management. “Stefan brings many facets to DMI, including a strong leadership style that is people-focused, analytical and action-oriented,” said Chuck Hoge, DMI CEO and the manufacturing platform vice president at Otter Tail Corporation. “We are fortunate to have him at the helm of DMI.”
“I am impressed with DMI’s recent expansion activity and excited to help guide the company’s strategic direction and future success,” Nilsson said. “The wind energy sector holds tremendous opportunity, and DMI will continue to grow as a leader in tower manufacturing.”
A native of Sweden, Nilsson moved to the United States more than 20 years ago. He holds a master’s in mechanical engineering and received his MBA in International Business Management from the University of Uppsala, Sweden. He will relocate from Michigan to the Fargo area.
DMI is a heavy steel wind tower manufacturer with plants located in North Dakota, Oklahoma and Ontario, Canada. The company also has capabilities to produce equipment for a wide variety of industries, including agricultural processing; ethanol production; oil and gas extraction, processing and refining; and water and waste water processing. For more information, visit or .
Otter Tail Corporation has interests in diversified operations that include an electric utility, plastics, manufacturing, health services, food ingredient processing, transportation and construction. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at . Corporate offices are located in Fergus Falls, Minn., and Fargo, N.D.
Forward-looking Statements
Except for historical information, all other information provided in this presentation consists of “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These “forward-looking statements” are subject to risks and uncertainties which could cause actual results to differ materially from those projected, anticipated, or implied. The most significant of these risks and uncertainties are discussed or identified in Otter Tail Corporation’s public filings made with the Securities and Exchange Commission. Otter Tail Corporation undertakes no obligation to publicly update or revise any forward-looking statements.
Otter Tail Corporation