ADESA Names Cameron Hitchcock Chief Financial Officer

ALLETE, Inc., announced that Cameron Hitchcock has been named chief financial officer of ADESA, which ALLETE intends to spin-off into a publicly traded company by mid-2004. ADESA will include all of ALLETE's Automotive Services businesses including Automotive Finance Corporation and ADESA Impact, a total-loss vehicle remarketing company.

Most recently, Hitchcock, 42, served as vice president and treasurer of Lear Corporation, a $14 billion automotive supplier based in Southfield, Mich. Prior to Lear, Hitchcock held senior finance positions at Dean Foods, and Deutsche Morgan Grenfell.

Hitchcock received an A.B. degree from Wabash College and an M.B.A. from Indiana University.