TCB Magazine Names CEO-elect Katie Lorenson Among 100 People to Know in 2022
MINNEAPOLIS (Dec. 7, 2021) – Alerus is pleased to announce TCB magazine has named Chief Financial Officer Katie Lorenson among the 100 people to know in business in 2022. The annual list highlights newsmakers, influencers, thought leaders, and key players expected to make an impact or drive change in the business community in the coming year.
Lorenson has served as chief financial officer at Alerus since 2017. She leads Alerus’ business segments, including banking, retirement and benefits services, wealth management, and mortgage. In 2019, she spearheaded Alerus’ initial public offering and has played an integral role in the company’s consistently strong performance since it began trading on the Nasdaq in September 2019.
On Jan. 1, 2022, she will succeed long-time company leader Randy Newman as president and chief executive officer of the company. She will also join the board of directors. Newman will transition to the role of executive chairman of the board to ensure a seamless leadership transfer.
“Katie is a proven leader and seasoned executive with a deep understanding and passion for our business,” Newman said. “She brings relentless focus to executing our strategic plan and growing our business. The company is well positioned for continued success under her leadership, and I have full confidence that Katie will continue to advance our company.”
Alerus (Alerus Financial, N.A.) is a diversified financial services company headquartered in Grand Forks, ND. Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments—banking, retirement and benefit services, wealth management, and mortgage. These solutions are delivered through a relationship-oriented primary point of contact along with responsive and client-friendly technology. Alerus Financial banking and wealth management offices are located in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are located in St. Paul, MN, East Lansing, MI, and Littleton, CO.