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.
