Back
Bethany Owen
Chair, Chief Executive Officer & President, ALLETE INC

Spring 2021 Distinguished Speaker Series with Bethany Owen

🎥 Mar 05, 2021 📺 UMD Labovitz School of Business and Economics ⏱ 62m 👁 287 views
The spring 2021 Distinguished Speaker Series featured Bethany Owen, President and Chief Executive Officer of ALLETE, Inc. on ...
Watch on YouTube

About Bethany Owen

In a September 2021 appearance as part of the University of Minnesota Duluth's Distinguished Speaker Series, Bethany Owen discussed ALLETE's sustainability strategy and her leadership approach. She stated that Minnesota Power, an ALLETE subsidiary, was the first in the state to provide 50% renewable energy to customers and had announced a vision to provide carbon-free energy by 2050. Owen noted that ALLETE had positioned itself for a potential future carbon tax and emphasized the need to ensure that the energy transition does not leave customers behind, pointing to Minnesota Power's lowest residential rates in the state. She also said that ALLETE was one of the few publicly traded companies with a majority-women board of directors and that the company was working to embrace diversity in all forms. Owen described her early actions as CEO, including sending about 50 employees to work remotely at the start of the COVID-19 pandemic, which she said was a controversial move at the time. She stated that following the killing of George Floyd, she sent an email to all employees expressing her feelings of sadness and frustration and committed to seeking out and listening to others in the community. Owen characterized leadership as being about serving others and said she holds regular CEO chats where employees can ask questions. She added that ALLETE was recruiting people who are passionate, lifelong learners, and committed to integrity.

Source: AI-verified profile updated from Bethany Owen's recent appearances. Browse all interviews →

Transcript (54 segments)
M
Monica Haynes0:00
Well, good afternoon everyone. I am Monica Haynes, director of UMD's Bureau of Business and Economic Research and the chair of the Labovitz School of Business and Economics Outreach Committee. The Outreach Committee's role is to help connect LSBE students to outstanding business leaders and the broader community, and one of our most important tasks is coordinating the Distinguished Speaker Series. Distinguished speakers are business professionals with unique and relevant experiences that we invite to campus, or in this case virtually, to share their insights with our LSBE students, staff, and faculty, as well as the broader UMD and Duluth communities. On behalf of the Outreach Committee, I would like to thank ALLETE President and CEO Bethany Owen for taking this time this afternoon to speak as this semester's Distinguished Speaker, and thank you to our audience for attending this special event. Please note that following Ms. Owen's prepared remarks, we will have about 15 minutes for questions. I will monitor the questions as they come in and relay them to her during the Q&A session. So if you have a question, and this is important, please enter it using the Q&A feature, not the chat box. So now it is my pleasure to introduce our Labovitz School of Business and Economics Dean, Amy Hitapelta, who will be hosting this afternoon's conversation with Bethany.
A
Amy Hitapelta1:25
Thank you, Monica. Good afternoon everyone. On behalf of the Labovitz School of Business and Economics, I too would like to thank the LSBE Outreach Committee for organizing this afternoon's Distinguished Speaker event. I would also like to welcome all of the students, faculty, staff, and community members who are joining us today. Also, I welcome our Distinguished Speaker, President and Chief Executive Officer of ALLETE, Bethany Owen. I am honored to be able to introduce her and converse with her for the next 45 minutes or so. I know we are all excited to learn more about her and from her. So let me tell you a little bit about our guest before she and I begin our conversation. Bethany M. Owen is the President and Chief Executive Officer of ALLETE Incorporated, a publicly traded energy company headquartered in Duluth, Minnesota. She joined ALLETE as an attorney in 2002, and in 2009 she was named Director of Transmission Regulatory Compliance and Business Support. From 2010 to 2016, she served as the first female President of Superior Water, Light and Power, an ALLETE subsidiary that provides electric, water, and gas service to customers in northern Wisconsin. In 2012, Bethany was also named Vice President of Minnesota Power. She was promoted to Senior Vice President, Chief Legal and Administrative Officer, and Corporate Secretary in 2016, and named President and elected to the ALLETE Board of Directors in 2019. In 2020, Bethany Owen was elected Chief Executive Officer. Prior to joining ALLETE, Bethany served for four years as a legislative aide in the United States Senate in Washington, D.C. She also practiced law in the Twin Cities with a large national law firm, a multinational food conglomerate, and a publicly traded telecommunications corporation. Bethany earned an undergraduate degree from Vanderbilt University and a law degree from the University of Minnesota, and she has served on the boards of various non-profit organizations in the Twin Ports community, such as the Challenge Center in Superior, Habitat for Humanity, and the Duluth Superior Area Community Foundation. And now she is the first female CEO and Chief Executive Officer of ALLETE. Welcome, thank you so much for joining us, Bethany. You know, one year ago today, in February of 2020, you began your role as Chief Executive Officer of ALLETE, and shortly after you started, on Valentine's Day, you met with a small group of us on campus to talk about ALLETE's partnership with UMD and tour the campus. And then one month into your new job, our entire world changed. Wow, what a time to begin as a CEO. Do you want to talk a little bit about how that first year has been, managing change, crises? What's it been like?
B
Bethany Owen4:34
Well, thank you, Dean Amy. I just want first of all to thank you all so much for the opportunity and the honor to be asked to speak here today. UMD is such an amazing institution and partner in our region, and it's my spouse's alma mater, so it's just really special and such a pleasure and honor to be speaking with you all and all the students, staff, and faculty. So thank you again. What a difference a year can make. In some ways, the past year has really flown by, and in other ways, it's felt like 10 or maybe even 20 years. And I'm guessing that there are a lot of people on this Webex today that can relate to that feeling. At the beginning of last year, I really thought, being new in this role, that I'd be traveling around to meet with my co-workers in different states and get to know them and help them get to know me, and really to talk about our strategy. But instead, right off the bat, we were facing a global pandemic and a deep economic recession. So as you mentioned, just a few weeks into this role, we at ALLETE made the decision to send about 50% of our employees throughout the company and all of our business units to work remotely so that we could try to keep them safe, but also so that we could keep safe our co-workers who have had to be on site to do their jobs, those who work in the power and water plants and wind sites, line workers, system operators, and so many others. It's interesting because ALLETE has traditionally, like many organizations, been a very face-to-face culture, so this decision really early on in the pandemic, and quite frankly for a very new CEO, was probably a little bit controversial with some people. But I knew it was absolutely the right thing to do. I was part of a group of CEOs in the energy industry, and before there were really any positive cases in our regions, I heard from these CEOs on the East and West Coast whose co-workers were in intensive care and even dying. And I was bound and determined to learn whatever I could from them and do whatever we could to keep our people safe. So we really started with developing principles to help guide us through the pandemic, and the top priority continues to be the health and safety of our people, our customers, our families, our communities, and all of that while we're trying to continue providing the services that people and businesses, including hospitals and others, are relying on now more than ever. So I would just say that my first year in the CEO role has been extremely challenging, but it's actually been surprisingly good. I say that with a little bit of hesitation because I know how incredibly hard this past year has been on so many. First, those who've tragically lost loved ones, first responders, healthcare workers, business owners who've lost their businesses, people who've lost their jobs, and just on and on. And my heart goes out to every one of all of the individuals in those situations. But when I think about ALLETE and my first year in this role, it's been pretty daunting to have headlines just a few months in that are like 'Pandemic knocks down ALLETE's strong run' or 'ALLETE's first female CEO takes the reins at a crossroad.' So I've had to work really hard to silence all of that noise and, to be really candid, some of the self-doubt that comes with it, especially as a really new CEO, and really focus on what is really important in this time. I often think we can all just about drown in the sadness and tragedy and divisiveness of our world right now, but I really try hard not to do that all the time. I share with my co-workers my favorite quote, and I probably am so annoying about it at this point. It's on this little clear plaque that's right behind me, and it's actually on the bracelet that I wear on my wrist every day. It's 'Be the change you wish to see in the world.' And I've always loved this quote by Mahatma Gandhi because it's really comforting. When things in the world around me are really difficult or sad or tragic, what I do and say can really make a difference. I can begin to change things for the better. So it's comforting to take back some power in what can be a pretty daunting situation. But I also see that quote as a command, it's a call to action. We can't just sit back and wish things were different or look at the world and judge things that are happening. We have to be the change, and it really starts with each one of us in big and small ways every single day. So, Dean Amy, when I answer your question by saying that the past year has been surprisingly good, I'm actually thinking about our amazing team at ALLETE and how lucky I am as a new CEO to have them around me. Their resilience, commitment, compassion, and really caring. And I think about how people throughout the organization have really stepped up, even in the face of their own personal sadness and uncertainty, and made a difference by caring for each other and for our customers and communities in ways that have been very powerful. It's a cliche probably at this point, but it's really true. You see the best in people in the very toughest of times, and there's been a lot of good.
A
Amy Hitapelta10:21
Thank you for that. What an incredible test of you and your team and your organization to have weathered the past year and done so very successfully. What did you, when you were young, did you ever imagine yourself being in a role like this? What did you want to be when you grew up?
B
Bethany Owen10:38
Goodness, no. I really never imagined being in this role. To be quite candid, I really never knew what I wanted to be when I grew up. I think I was one of those kind of living-in-the-moment kids. I really loved being outside pretty much anytime and all the time, and I always loved to read from a really young age. I'd read pretty much anything that I could get my hands on, and that was just kind of an escape for me as a child, exploring different worlds and different experiences that people had. And I guess if I were pushed to say what I thought about when I was a kid growing up, it probably would have been a librarian. I loved my public librarian, I loved her, and I actually volunteered when I was in elementary school with our school librarian, or perhaps owning a bookstore. All of that sounds absolutely amazing to me even now, and maybe that's a note to my future self in retirement. But I really think a lot of curiosity, I've always been really curious, I've always wanted to learn new things and try new things, and that's really served me well and, quite frankly, helped shape my career path. So I guess I'm a bit of an example of how it might be okay not to have everything all perfectly mapped out from the very beginning.
A
Amy Hitapelta12:06
Talk about that a little bit since you brought that up, your career trajectory and your career path. And all of you, you decided to go to law school at some point. Talk a little bit about that evolution from liking to read to your different degrees and the different careers.
B
Bethany Owen12:27
It's always kind of interesting when people ask me to talk about my career path because I realize when I map it out, it probably sounds so winding and unplanned and really unintentional. And maybe that sounds like a bad thing, but it's probably actually right. I really just love change and I've loved trying and learning new things. I will confess, when I was in college, I didn't know what I wanted to do career-wise. I had worked really since I was in eighth grade, I always had jobs, and I worked my way through undergrad as well as law school as well. But I didn't know what I wanted to be when I grew up. So I took a lot of different classes in different tracks because they were really interesting to me. I changed my major three times in four years.
A
Amy Hitapelta13:21
The students will be glad to hear that too.
B
Bethany Owen13:27
Well, it proved to be a tiny bit problematic for me because I ended up needing to take a lot more classes so that I could kind of cobble everything together, and then I had to pull it together with a senior thesis so I could graduate with what ended up being a really self-created interdisciplinary major. And it included all of the things that I really enjoyed: two different languages, world politics, history, economics, and that kind of thing. It was hard, but it was really interesting, and I actually wouldn't change a thing. Graduation, I really didn't know what I wanted to do career-wise either, so I kind of have a pretty winding path after that.
A
Amy Hitapelta14:04
That's a good example of how that wide-ranging preparation in so many different things could prepare you to take on a wide-ranging job. Just curious, did you have a favorite class if you think back, the one you remember the most?
B
Bethany Owen14:17
I actually, and I'm hesitant to even say this because I have not kept up with this at all, but I took, I was very fortunate to go to a school where foreign language was something that was expected even in elementary school. And so I actually took French, I studied French all the way through college, all the way through my upbringing and college. So one of the things that I was toying with was, do I want to be a French professor at some point? I was not very good at speaking French. I had a professor in college tell me that I couldn't speak French with a southern accent. But my thesis was actually, the primary source materials were in French. So I really enjoyed that. But what my major really tells you about me is that I liked a lot of things. I really liked learning a lot of different things, and it was hard for me to decide one track. And so this option at Vanderbilt to be able to put together this interdisciplinary major was really wonderful for me.
A
Amy Hitapelta15:44
So with that really broad underpinning from your collegiate education and the fact that you really seem to embrace or enjoy new things and change, talk a little bit about your preferred leadership style. Talk about how you're comfortable leading. Was that always your style, or did that evolve over the different positions that you've held?
B
Bethany Owen16:07
Well, it's interesting because I would tell you that it was only in probably more recent years that I ever saw myself quite as a leader. And I think that fact alone has probably shaped very much how I am in this leadership role that I'm in and the ones that I've had before. I'm definitely much more of a collaborative leader. I really believe in the power of a diverse team, and I know that a lot of people say that, and I really believe it. A team of people that have different experiences, different backgrounds, different perspectives, and that really think differently from each other and differently from me. I really expect the people on my team to be empowered and really expected to bring their energy and their insights and their perspectives because I really believe that's how we reach the best decisions. We think through near-term and longer-term challenges and opportunities, and it's really eye-opening and fascinating to see situations from others' perspectives. And I'm genuinely curious about how other people think, and for me, that process is really fun and really interesting, even when you're wrestling with hard, challenging topics. So I really try to surround myself with people who are very different from me, who think differently, and will always challenge me by broadening my perspective. I will say, I think the common ground has to be we have to be aligned on our values. Integrity is something that is absolutely non-negotiable for me, and it's something when I've come into a new leadership role, I make sure that the people that I work with understand that about me because trust is an amazingly powerful foundation for a team. It's an amazingly powerful foundation for any relationship, but if it isn't there, it can absolutely destroy a team and can destroy a relationship. So it's also really important to me that people on my team are in this for something more than themselves.
A
Amy Hitapelta18:35
Thank you for that great example. I appreciate hearing that. Often as you have to make very difficult decisions, for me I have to rely back on values like integrity and what's the right thing to do based on my core values as you try to navigate really difficult gray situations. So it's great to hear that you too rely on your core underlying values to navigate. Think about, as you evolved over time to this leadership role, were you mentored? Did you have key mentorship experiences? Did somebody start identifying you as potential leadership material? How did that happen? What mentorship experiences can you remember and talk about?
B
Bethany Owen19:13
Oh, yes. I have definitely benefited from wonderful mentors throughout my career. I actually don't know that I always called them my mentors or whether some of them even knew that they were mentoring me, but I've always watched what people and leaders I admired did and really listened to what they said and even how they asked questions in meetings to really bring out other people's insights. So I had many people and leaders who taught me a lot about business, a lot about leadership, and as you mentioned, about myself and quite frankly what I might be capable of. I always say that there are some people who really are born believing that they are capable of the sun, moon, and stars and the world is their oyster, and then there are others that are maybe a little less sure of what paths might be open to them and where they might be able to add value in society. And for me, it's been really important to have people that have pointed out things that I really never saw or believed in myself and then quite frankly actually care enough to share that with me and really encourage me. And it's just been an incredible gift. And so I absolutely try to pay that forward. It's one of the greatest joys and honors of being in a leadership role. As I mentioned, I really never envisioned being a leader of people or leading an organization, but this is what I find the joy and pleasure in, to help people see their own potential and even see blind spots. So it was wonderful to me to have people point out, you know, you might be missing this or you might need to work on this. And I often think the word mentor carries with it this feeling of formality and maybe a structure that I don't think a mentoring relationship has to have in order to be really effective and very helpful.
A
Amy Hitapelta21:26
Did you, since we have a lot of students here, receive mentorship when you were in college? Did you have key professors or other individuals that were important while you were undergoing your college career?
B
Bethany Owen21:38
Yeah, it's so interesting. So I was one of those students, so don't be like me, but I was one of those students that, again, I loved school, but I was a pretty shy kid. And so I was definitely not the one to be raising my hand in class, I was not the one to come up to the professors after class and all of that. And I actually really regret that. I try not to regret things in my life, but I actually wish that I had been more involved with professors and even more engaged in class. I was very engaged in my own way, but I wasn't interacting a lot with the professors and taking advantage of that wonderful opportunity. But it is really interesting because I did have a couple of experiences where I handed in a paper or finished a test and the professor would say at the end, 'Ms. Irwin' (my name was Bethany Irwin at the time), 'would you please come up if you're in the room wherever you are because I have no idea who you are, please come up after class.' And so of course I would be like, 'Oh great, I don't know what has happened at this point.' And it would inevitably be a word of encouragement. And I think of the faculty at UMD and what an incredible role you play in your students' lives. And I would just encourage students to take advantage of those opportunities to engage with the faculty and the staff in ways because it's so meaningful. It meant so much to me even though I wish I'd taken greater advantage of that. But those experiences, they stick in my mind and really helped me realize that maybe there are some things that I am capable of doing and would be good at that I didn't really know at the time.
A
Amy Hitapelta23:49
Okay, do you want to add any more? You talked about you also see it as your responsibility and part of your role to mentor others. Any examples or any successes of people that you worked with of which you're particularly proud?
B
Bethany Owen24:00
Oh yeah, I mean, I've had so many, and there are so many here at ALLETE that have been so important to me. I think if I were to give advice about it, I would encourage students not to think about having one mentor with a capital M because that can feel kind of daunting. I would encourage students to seek perspectives and encouragement from several different people, and especially people that are really different from yourself. It's really natural for all of us to kind of gravitate to people who are just like us, there's comfort and safety in that. But for me, the really most powerful insights often came from people I admire who are very different from me. So I would just encourage you to seek out diverse mentors and remember, it can be a brief interaction. Don't think of it as this mentorship that you've got to meet every week and have an agenda and all of that. There are lots of different ways to learn from people you admire.
A
Amy Hitapelta25:13
Thank you for that. I'm going to shift gears a little bit. You were the first female president of Superior Water, Light and Power and the first female president and CEO of ALLETE, and it looks like you've worked primarily in male-dominated industries. So what was that like for you? What was it like for you as a female employee, a female manager, or female leader in male-dominated industries? Any insights or wisdom you'd like to share with us?
B
Bethany Owen25:44
You know, I guess I have worked primarily in male-dominated industries, but I don't know that I ever really thought about it that way. I do know how important it is for people to see themselves or aspects of themselves in leaders. And for me, it wasn't necessarily the gender that I saw in others, and probably that's because I was in male-dominated industries, but it was some aspect of who they were, how they led, maybe even their vulnerability or showing that they were human and that they really cared about the people they were leading. And that's what really resonated with me as I started to build in my mind what is a leader. Because sometimes the perception of a leader is this kind of sitting in the C-suite thinking big thoughts or edicts from above, and I knew that was never going to be me. And I will tell you, you mentioned the 'firsts.' At first, I had really resisted that label of first woman this or first woman that because that is one aspect of who I am, but my gender identity isn't all that I am. But I had, back to diverse teams and challenging perspectives, I had wonderful people who really challenged my thinking on that and helped me understand that for them, coming up in an organization, it was really important and powerful to see a woman in this leadership role. And so I thanked them for their courage to speak up and to help me see that a little bit differently.
A
Amy Hitapelta27:33
So I'm assuming then that you've been mentored by both men and women, that you've mentored both men and women, right? So do you have any advice for students today based on your experiences? A good piece you already gave is don't look for the one big M mentor but find mentorship in many places. Some other insights or thoughts for the students in the audience as they embark on their careers in terms of mentorship?
B
Bethany Owen28:02
I've actually thought about this a lot. I think it's just such a great question, and I've certainly learned from others in terms of advice that I've been given. And what I would just say is, live with integrity always, be true to your values because, again, back to trust, trust and respect are just such a foundation for all of our interactions with people and whatever we're doing. So live with integrity always. I'd say work hard. There's no trick around that. I really do believe in working hard. I also believe in valuing families and life outside of work, but when you're working, it's definitely hard work. Keep learning. I mentioned loving to read, read widely and think critically. And then when you're in a work environment or a team at school or whatever, raise your hand to take on new challenges. See what might not be getting done or what could be done better and really volunteer to take it on. And this one is probably one of the most important aspects: really, no matter what you're doing, whatever it is you're doing, really care about what that is and especially about other people. Lift others up. Be the kind of person that other people really want to work with, and if you aspire to leadership roles, the kind of person that others want to follow. And I really think with all of that, the rest just really comes naturally, and it can be a really fulfilling time no matter what you're doing, even if you have a really long and winding path like I've had. It can really be very fulfilling and bring you a lot of joy.
A
Amy Hitapelta29:57
Thank you for that. I know that you didn't start out probably to be a role model and, as you said, the first of anything, but it does help for others to see, like you said, people like them, similar to them in many different ways, and know that it too is possible. So thank you for that perspective. Do you have, have you seen more diversity in organizations over your career from when you started to where you are now? And what do you think, you talked about the importance of diverse teams, so what do you think has been the impact of that if you've seen increasing diversity in organizations? Do you have some insights, thoughts?
B
Bethany Owen30:35
I have seen greater diversity, but I would just say we have a lot more work to do on all forms of diversity. I think we're in such an important time in our history. This past year has really shined such a bright light on really important cracks in our society, and I firmly believe businesses have an important role to play. I say all the time, and I absolutely believe it, that we at ALLETE have a lot of privilege, and with that privilege comes a lot of responsibility to make our communities better places to live and to work for everyone. So there's been a lot of talk about what businesses' responsibilities are in this regard. Yes, we're responsible to our owners, the people and institutions that own stock in our company, but we're also responsible to our employees and our customers and our communities. And I just really believe this past year has been a clarion call for businesses to do so much more and to embrace diversity and equity and create opportunities for people and groups that have historically been underrepresented and really those that have been affected by systemic racism. And as I mentioned before, I do believe in the power of diverse teams. So when I think of the more diverse, equitable, and inclusive we are as a team, as a business, and as a community, I just believe the impact is going to be profoundly positive, probably in ways that are hard for us to even imagine right now. But we have such a long way to go. But I'll say it again, probably to groans from my team, we have to be the change we wish to see in the world.
A
Amy Hitapelta32:29
I love that quote. Thank you. That's one of my favorites too. So how have you and your organization's leaders worked to try to ensure more diverse representation throughout the company, on the board of directors, as managers? What are some of the initiatives that you're able to share or just some things that you've done, anyone's done anything that you can share, and how you've worked to ensure more diverse representation?
B
Bethany Owen32:52
One of the things I'm very proud of ALLETE about is that we're one of the very few publicly traded companies with a board of directors that's a majority women. I quite frankly I'm not aware of another company in the energy industry that can say that.
A
Amy Hitapelta33:09
That's impressive. It's amazing, right?
B
Bethany Owen33:16
But I will tell you, this gender diversity is not new for us. We've had women on our board and in senior executive positions for decades. But we're definitely working hard both as a company and as a board to ensure and embrace diversity in all forms. So we've got more work to do. I would say that really focusing on the areas that we can change, that we can affect change. And when I think about this past year, it's just been a really pivotal year in terms of a wake-up call for a lot. During my first year as President of ALLETE back in 2019, which feels like 20 years ago quite frankly, we began what we called 'Respect in the Workplace' education throughout the company. And we have wonderful leaders in our organization that have really helped make that a reality for us. And it really focused on understanding implicit bias and microaggressions and really helping equip leaders with tools to have the tough conversations and address issues in their teams. And we actually rolled out the next phase of 'Respect in the Workplace' last month. Again, it goes to all employees, but this one is really focusing more on impact versus intent. That we can have the best intent in the world, but what we say and do can sometimes have a very negative impact on others, and being hyper aware of all of that so that we can be better as an organization. So we've really begun the work in a very intentional way. But the killing of George Floyd last summer, following the deaths of so many other people of color, really highlighted that we needed to do so much more. And, back to new CEO, new role, I really wasn't sure about doing this, but I did it. Immediately after the killing of Mr. Floyd, I sent an email to all of our employees throughout the company and I really just shared some of my own feelings about all of that: sadness, horror, frustration, and quite frankly even rage. And letting them know that I don't have all the answers, but I knew we had to do more to make the world a better place. And I said, 'Words aren't enough, so I need your help and ideas for what we at ALLETE could do.' And I really committed that we would seek out and listen to others in our communities. And I will tell you, one of the most wonderful things from that really dark time was this outpouring from my co-workers following that email. So many wonderful ideas of what ALLETE could do, people volunteering to be part of all that, and quite frankly just gratitude for making it okay not to have the answers but really encouragement to seek out others and listen and really have the challenging conversations. So we have so much more to do, but we're taking concrete steps to affect change as we think about our workforce, our supply chain, corporate giving. And it's just absolutely the right thing to do.
A
Amy Hitapelta36:47
Thank you, and thank you for sharing how that's a part of your culture increasingly and that you are taking steps to make it better within the domains that you can. Thank you. Let's turn a little bit to the future if we can. I'm watching the time, so I think we still have a little bit of time. Do you want to tell us a little bit about your vision for ALLETE now that you're, I can't say the crisis is over, but there is hope on the horizon, and so you might actually have a chance to think more about beyond the past year. A little bit about your vision for ALLETE, anything that you'd like to share?
B
Bethany Owen37:21
Thanks. One of my favorite topics of all. I am incredibly proud to work at ALLETE and to lead with this amazing team. For those of you who don't know, ALLETE is an energy company, and the services that we provide are really critical to life in our communities. We talk a lot here about our role in transforming the nation's energy landscape. Our strategy is called 'Sustainability in Action,' and it's focused on sustainability in really all of its dimensions. And I'll tell you, everyone is talking about sustainability, but like most things that we were just talking about, words are not enough. And so we at ALLETE are taking concrete actions to create a more sustainable present and future. And many people really think of sustainability just in terms of the environment and carbon, and those are critically important. Our companies are leading the way on that front. When you think of Minnesota Power, it's first in the state to provide 50% renewable energy to customers, and it's recently announced a vision to provide carbon-free energy to customers by 2050. ALLETE Clean Energy is our newest company, it's doing an amazing job, and its projects are really helping everyone from Fortune 500 companies to other utilities reach their sustainability goals throughout the country. Then Superior Water, Light and Power, first ever community solar development in Superior. And then BNI Energy's work with its customer Minnkota to advance carbon capture and sequestration. So all of our business units are playing a role in the environmental aspect of sustainability, and that's really important. There are other dimensions of sustainability that we're taking action on as well. Society: being a good community citizen and strong partner, working to bridge things like the opportunity gap in our regions, and really making our communities better places to live for everyone. And really working to ensure that the clean energy transformation is done with commitment and caring for our communities, our customers, and our employees. So 'Sustainability in Action' also means serving our customers with excellence always and ensuring best practice governance while providing value to our investors. So again, every one of our businesses has a role to play in 'Sustainability in Action.' And when I think of the time we're in, it's just an incredibly transformative time in our industry and a really exciting time to be at ALLETE.
A
Amy Hitapelta40:14
Thank you for sharing some of those elements of your vision. You talked a little bit about a few that are challenges you're embracing, but what do you see, I think we'll end on that before we open it for questions, what do you see as some of the most pivotal, biggest challenges that ALLETE is going to face over the next five years, let's say?
B
Bethany Owen40:32
Well, I hate to end on challenges, but we try to turn our challenges. I think there are quite a few. I think all businesses are, even coming out of 2020 and the focus on again what our businesses' roles are in our economy and our society, every business is going to be wrestling with that, as well as trying to be part of the recovery following the pandemic, supporting our customers. So I would just say navigating the challenges that our customers are going to be facing and supporting them following the pandemic and the deep economic recession. An exciting thing is serving our customers in new and different ways, meeting and exceeding their expectations. It's interesting to me because energy is such a focus by everyone, it's so important to our lives, that people have lots of ideas about things that we can do differently, that we can do better. And so I look forward to working with our customers, both current and future, to make sure that we're providing services in a way that meets and exceeds their expectations. I'd say recruiting and retaining the workforce for the future. It's one of the reasons why I'm so happy and grateful for UMD's role in our region and so glad to be here talking with students today. And then really ensuring, as all of our business units and companies are playing a role in transforming the energy landscape, how do we make sure that we don't leave people behind, that customers and communities and our employees see opportunity in all of that as well? And so that's really a huge commitment for us as we lead this transformation to a cleaner energy future.
A
Amy Hitapelta42:28
Thank you, Bethany. It's really inspiring to listen to you speak, and I've enjoyed it. But we only have about 17 more minutes, and I think there's probably a lot of questions coming in, and so I want to give people an opportunity to have a chance to respond to some of the things you might have talked about already or take it in a slightly different direction. So what I'm going to do at this point is, even though I've really enjoyed the opportunity to have this dialogue with you, a fireside chat except we don't have a fire and we're separated by Zoom, even though I've really enjoyed it, I'm going to turn this portion over now to Monica, who's been monitoring questions and identifying some for you, and give you a chance to respond to the audience a little bit. So I'm going to shut mine off. Thank you so very much.
M
Monica Haynes43:19
Hi, Bethany. Thank you both so much for that fascinating conversation. And Bethany, I really enjoyed hearing your story and your background and about ALLETE's vision. So thank you again for participating in this event. Our audience has submitted a number of questions, so I'll just go through some of them now. What are your favorite parts of working in the energy industry with ALLETE, and has this industry always been of interest to you?
B
Bethany Owen43:55
I'll start with the last part of that question. I probably sound like I was aimless, but I really never thought about working for a company like ALLETE. I knew that I wanted to enjoy and respect the people that I work with, and I knew that I wanted to work in a way that had purpose and had meaning. We all want to have that, right? And so it was wonderfully eye-opening to me when I joined the ALLETE team that this is where I feel like we can make a difference. We are making a difference. We're so important to people's lives. And so there's so much that I love about working here, but I really never, it wasn't in my vision. But certainly, energy is critical to all of our lives, and in my opinion, it's becoming more critical. And so that's a really exciting place to be and a really fulfilling purpose as a leader for sure.
M
Monica Haynes45:08
Yeah. So you mentioned a little bit earlier about ALLETE's sustainability initiatives, but can you talk about what challenges those very ambitious initiatives that you're taking present for the organization and how you're addressing them?
B
Bethany Owen45:27
Yeah, so I'll maybe start with our most recent. Minnesota Power is our largest business unit, the largest part of ALLETE, and obviously, perhaps you've seen that in January we came forward with our vision to provide 100% carbon-free energy to customers. That's really building on an incredibly strong track record that my predecessors, Al Hodnick, as well, led in terms of positioning our company to be 50% renewable last year. So we were very excited to achieve that milestone, first in the state. And it's getting that right, and that transition right, is so critically important because we know it's important to our customers. They're expecting safe, reliable, and affordable energy always. We have the lowest, Minnesota Power has the lowest residential rates in the state, and that's a wonderful place to be. But we have to be really careful with that and ensure that we're not leaving people behind. So we're not leaving customers, we're not leaving communities behind. And so this transition that we mapped out, that Minnesota Power mapped out in its Integrated Resource Plan, really provides the time to allow technology to advance so that we can ensure that we are meeting that commitment to our customers and our communities and, quite frankly, our employees as well.
M
Monica Haynes47:02
That's great. So on that same note, carbon tax is a big, obviously a hot button issue whenever it comes to talking about carbon-free initiatives or strategies. Do you support a carbon tax and why or why not?
B
Bethany Owen47:17
It's a great question. It certainly is a hot topic. I would just say that our company has been positioning very, very well for a carbon-reduced future. And so if there were to be a carbon tax in the future, I believe we've positioned ALLETE and its business units in a way that it will not be a significant challenge. So that's how I would answer that. It's been something that's been on our leaders' minds for a very long time and again a part of our positioning so that we're in a position of strength as we move forward no matter what the tax situation is.
M
Monica Haynes48:00
Great. So there's a question here about you mentioned workforce needs and positioning the company as it relates to your workforce. What do you see as the future workforce needs for ALLETE throughout the organization?
B
Bethany Owen48:22
Yeah, so we have a very diverse set of companies in our portfolio, all energy-based, but we have lots of opportunities in our organization, both current and we're always planning for the future in terms of workforce planning. So certainly technology is going to continue to play a really important role in all of our lives. This past year, when we think about technology, we're using technology probably even more even in our office jobs than maybe we have in the past, and that's going to continue to be critically important. So we're all going to need to be able to be much more adept. But I think when we start with our values and work ethic and ensuring that we are giving people opportunities that prepare them for the future, I think that's going to be a really important role for us to play. We're in a relatively small area of the country, but as we recruit people, it's about recruiting people that are passionate about what we do, that are lifelong learners, that are committed to continuing to develop different skills as we prepare for the future. So I think that's going to be the most important as we think about that. And that really appeals to me, again back to somebody who didn't know what they wanted to be when they grew up. The notion of being able to continue to learn as I'm part of an organization was really attractive to me, and I really hope that's attractive to people that we recruit in the future.
M
Monica Haynes50:06
That's great. As a CEO, you clearly have your pulse on the thoughts, emotions, and culture within ALLETE. How do you manage communicating with each of your business units and ensure that all of the parties within your organization are heard and understood? And I would imagine that is a challenge even when you are face to face, and doing that now when you don't have those in-person conversations must be even more challenging. So how have you been doing it since you started in your new role?
B
Bethany Owen50:48
Yeah, that's a wonderful, very insightful question. I've been very sensitive to the fact that as I've taken on a broader leadership role in this organization, I don't want to feel isolated from people who are working throughout the organization. And so it's been a real challenge that I've given myself not to feel isolated, to really try to push myself to be out there in different ways. And I will just say a silver lining of this pandemic and quite frankly my first year is that what would ordinarily have been in-person meetings, me traveling throughout the different states where we operate in order to meet people, we've really embraced as a culture that we've got to communicate in this way. And that's enabled me to have what we call 'CEO Chats' on a relatively regular basis where employees can ask questions and that kind of thing. Certainly, I tell people I know that just by virtue of sitting in the office that I'm in, there is this tendency to lose touch with what's really going on. And I am very intentional. As a matter of fact, I had this same conversation last week with a group of people that are leading our safety initiatives, and I said, 'I really want you to tell me when you feel like I'm missing something, I'm not seeing something, or quite frankly that I've taken a misstep or whatever. I want to know because I know that just by nature of the fact that this is a large organization, I can lose touch, and I don't want to do that.' So I make it really a mission of myself to stay in touch with groups throughout the organization, and it's a really important role, in my opinion, that every leader should strive for.
M
Monica Haynes52:55
So are you actually, you have a CEO Chat where anyone who wants to can join? Or how are they structured?
B
Bethany Owen53:00
Yeah, they're big kind of Webexes where all employees are invited. We've had, I think, close to 500 employees at each one. And we have topics. I share topics, I usually bring a friend with me, one of my other leaders in the organization, and we talk about a topic and then answer questions. The challenge is that questions, because it's such a big group, they can't be, we would just spend all of our time. So we ask people to submit questions in advance so that we can try to reserve time. These are usually like 45 to 50 minutes. Then I've also recorded, much to my dismay, selfie videos. So I've done a few videos at various times, and certainly never part of what I thought a CEO's skill set needed to be, but it's been just critical as people are wrestling with some really tough stuff. I've just felt it was really important to share my caring and that we're all in it together.
M
Monica Haynes54:14
That's great. A question from a student: What are some qualities that you look for in new employees and people that come into your company, and do you have any advice for college students looking to break into the current job market, which is a challenging job market right at this moment?
B
Bethany Owen54:31
Yeah, I hear you. I know it's a challenging time. We have opportunities at ALLETE, and I would just tell you, for me, it's who the person is in terms of passion for learning new things, taking on new challenges. Certainly, again, I mentioned integrity is non-negotiable. And so really understanding, are you committed to growing with us as we navigate what's ahead? And I think that's just the most important aspect. So again, continuous learners, people who are curious, passionate about what we're doing, and really committed to working as part of a strong team and bringing diverse strengths to our team. Those would be things that I would be looking for for sure for any position that we're hiring for at ALLETE.
M
Monica Haynes55:37
That's great. Kind of a similar, well, two questions that are kind of similar. So if you have one piece of advice to give to students or young professionals who would hope to have leadership positions in the future, what would it be? And then another question that's very similar: What is one thing you wish you knew while you were in college? Although maybe they aren't similar.
B
Bethany Owen56:01
Well, I shared with you one thing that I wish I had done when I was in college. I wouldn't change the not knowing my major and really working very hard to cobble together really diverse interests that I had. I wouldn't change any of that for anything. It was probably more work than a lot of my classmates, they were like, 'Why are you having to take all of these extra classes and do a senior thesis?' I wouldn't change that for anything. But I would change the fact that I did not seek out and develop strong relationships with professors. I just think that staff and professors, they're there for you, and they're there because they love what they do. And when you think of somebody that you admire and that you just want a little bit of insights from, I would just encourage you to take advantage. This is such a unique time in your life that you quite frankly will probably never have again. And again, I try not to live my life with regrets, but that is one that I would do differently for sure. For the other question, advice for a student who may want a leadership role in the future. Well, I talked a lot about mentoring. For me, it was really insight. People were very helpful to me in terms of sharing, 'These are the things that you bring to the table, these are some things that you need to develop.' And so there was a lot of intentionality once I got to ALLETE in terms of, if you want to be a leader, you're going to need some exposure to these types of things and you're going to need some experience in these types of things. So there are concrete experiences, but then there are also attributes, things that you might need to cultivate. And I always ask someone who says, 'I want to be manager of this' or 'I want to be director or vice president of this,' my question is always, 'Why?' And if it's because you want the title or the salary or quite frankly the glory, those are probably not the right reasons because it has to be about other people. Leadership is always, always, always about other people and how you can be better in order to make whatever they're doing. I call it being a brush clearer. Talented people, my job is really just to clear the brush out in front of them and let them run. And certainly, there are boundaries, values, all of that. But it always has to be about other people if you want to be a leader.
M
Monica Haynes59:12
That's great advice. I had a few people, probably from your organization, mention, I have just posted the link to your careers website in the chat so that if anybody out in the audience is curious about these opportunities, I have put that in there. And then one of your other employees, I assume, mentioned that ALLETE will be attending the Head of the Lakes Job and Internship Fair this Thursday. So also a plug for your organization. I just want to ask one more quick question before we leave. How do you like to spend your free time or refocus yourself when you're not working?
B
Bethany Owen59:56
That's a good question. I am such a work in progress in figuring out being in this role and taking care of myself, to be candid with you. I love to read, and I actually read a lot of fiction and non-fiction, so I read really widely. I love to be outdoors. This is the most, we live, I'm not from here, remember. I fell in love with Lake Superior the moment I crested Thompson Hill almost 20 years ago, and I wouldn't live anywhere else. We have the most beautiful place to be outside at four seasons of the year. And so anytime I can get outside, I don't care what I'm doing, even if it's sitting on a bench, but snowshoeing, hiking trails, anything on the lake, love to sail. Outside, all good.
M
Monica Haynes1:00:58
That's great. Well, I just want to say a few closing remarks before we sign off here. So first of all, thank you again, Bethany and Amy, both for your time this afternoon and for the insightful conversation. We really appreciate you sharing your story and sharing about ALLETE's carbon-free strategy and all of the work that your company is doing. I want everyone in the audience to know that the event has been recorded and it will be shared later this week on LSBE's website and social media channels. I also want to ask everyone in the audience to please complete a short survey sharing your feedback about the event, which I am just putting in the chat box right now. So thank you in advance for your response. And before we leave, I just want to acknowledge a few people who helped make this event happen. So thank you all to the Outreach Committee members, Emma Schroeder for coordinating the technology for the event, Amy Rutledge and Cindy Lindgren from ALLETE's communications team, and a very special thank you to LSBE's Communication Specialist Katie Chernak for all her hard work making the event happen. And thank you to everyone in our audience who attended the event and submitted the excellent questions. And that's all for our event this evening. So thank you again and have a great evening.
A
Amy Hitapelta1:02:29
Thank you all. It was an incredible honor to have Bethany here and to get to know her. We deeply appreciate the opportunity. Thank you so much, Bethany, and thank you all that attended. Take care everybody.