Otter Tail Corporation announced SVP Kevin Moug will retire on December 31 after 27 years of distinguished service to the company. Todd Wahlund will assume the role of Vice President and Chief Financial Officer to succeed Moug effective January 1, 2024. For the past 5 years, Wahlund has served as the Chief Financial Officer and Vice President, Finance, at Otter Tail Power Company, the Corporation's electric utility.

Prior to this role, Wahlund served as the Vice President of Financial Planning and Treasurer at the Corporation, and as Vice President of Finance and Planning for the Varistar Manufacturing Platform. Before his time at the Corporation, he spent 20 years of increasing responsibility at Otter Tail Power Company, including accounting, resource planning, risk management, energy trading and renewable energy development and operations. Mr. Wahlund received his BS in Accounting from Minnesota State University-Moorhead and his MBA from University of North Dakota.

He is a Certified Management Accountant, Certified in Financial Management and holds an inactive CPA.