Thrivent Financial for Lutherans | 625 Fourth Avenue South, Minneapolis, MN 55415 | Phone: 800-847-4836 | Fax: 612-844-4337
Bruce
Nicholson became president and CEO of Thrivent
Financial for Lutherans in 2002. Since then, the organization’s assets under
management rose from $57.2 billion to $73.2 billion; its surplus rose from $3.0
billion to $4.4 billion; and risk-based capital—a measure of the firm’s ability
to pay claims insurance policies it has underwritten—rose from 348 percent to
684 percent. Under Nicholson's oversight, Thrivent
Financial has also enhanced its line of insurance and annuity products and
launched four asset-allocation-style mutual funds that have grown since 2005 to
$8 billion in assets.
Born: October 6, 1946 in Minneapolis
Spouse: Carol Nicholson, married April 4, 1970
Children: Scott, twin daughters Stacey and Susan, and four grandchildren
Education:
B.A., St.
Olaf
College, Northfield, Minn.
Career History: Thrivent Financial: President and CEO, 2002-present; Chairman, 2005-present. Lutheran Brotherhood: President and CEO, 2000-2002; president 1999-2000; COO, 1997-1999; executive VP and CFO, 1990-1997. Tillinghast-Towers Perrin: Principal, 1987-1990; consultant, 1986-1987. Towers, Perrin, Forster & Crosby, Inc.: Consultant, 1984-1986. Ministers Life and Casualty Company: Senior VP, 1977-1984; chief actuary, 1975-1977. Lutheran Brotherhood: Actuarial trainee to assistant actuary, 1968-1975.
Activities: Serves on the boards of the Minnesota Orchestral Association; the Minnesota Business Partnership; The Actuarial Foundation, Schaumburg, Illinois; and Fox Cities United Way, Neenah, Wisconsin. Previously served on the board of regents of St. Olaf College. Fellow of the Society of Actuaries; member of American Academy of Actuaries.
Awards: Luther College Rugland-Jacobson Award received in 2003; BestPrep Humanitarian Award received on January 22, 2005.
Key Achievments: Chaired the Strategic Advisory Group to the Minneapolis Public Schools on behalf of The Itasca Project; led the merger of Lutheran Brotherhood and Aid Association for Lutherans to form Thrivent Financial for Lutherans. Thrivent Financial for Lutherans is one of only five companies in the Fortune 500 list with 40 percent of management positions occupied by women.
