2010 Minnesota Business Hall Of Fame

2010 Minnesota Business Hall of Fame

Honoring six lifetimes of achievement.

July 1, 2010

They are innovators and achievers, leaders and role models. Each has built businesses from scratch or expanded a small operation into a company that helped shape its industry.

This year’s inductees into the Minnesota Business Hall of Fame join an elite group of individuals who rank among the most accomplished Minnesota business leaders of all time.

Each is an individual of enterprise. Each has been an agent of change and altered the business landscape for the better. Each, however, has become distinguished in his own way. Here are the members of the Minnesota Business Hall of Fame’s class of 2010:

 

Michael Berman
A former product manager at a no-revenue company, SciMed Life Systems, he drove the development of successful med-tech products. As SciMed’s president, he directed revenue growth from $300 million to $1.5 billion within five years. Since 2000, he has cofounded two business incubators and cofounded or joined the boards of 14 medical device companies.

James Dolan
In 18 years, he amassed a portfolio of 64 legal journals and business newspapers in 21 U.S. markets; executed a successful public stock offering in a hostile market; created a provider of mortgage-default processing and document-review services; and built the Dolan Company into an enterprise with $300 million in revenue.

David Frauenshuh
He’s the nation’s largest private developer of medical facilities and a manager of 4 million square feet of commercial real estate space—even after selling 1.5 million square feet in 2008. In recent years, his development projects have generated $300 million to $1 billion per year.

Richard Knowlton
A former meat cutter, he became CEO of the company now called Hormel Foods Corporation, where he embraced new food-processing technologies, assessed changing consumer tastes, and transformed the company from a traditional meatpacker into an international seller of branded packaged food products.

John Lindahl
Arguably Minnesota’s largest and most influential investor. As managing general partner of Norwest Equity Partners, which has $4.6 billion in capital under management and a current fund of $1.2 billion, he has financed the Buca di Beppo restaurant chain, Life Time Fitness, and dozens of other companies.

Jay Novak
In addition to serving as editor and publisher of Twin Cities Business, his diverse 34-year career comprises corporate communications, government service, and investment banking. 

 

Click the links below to read each of their stories.

David Frauenshuh

David Frauenshuh

Frauenshuh Companies

Read Story | View Induction Speech and Interview |View Biography

James Dolan

James Dolan

The Dolan Company

Read Story | View Induction Speech and Interview|View Biography

Jay Novak

Jay Novak

Twin Cities Business

Read Story | View Induction Speech |View Biography

John Lindahl

John Lindahl

Norwest Equity Partners

Read Story | View Induction Speech and Interview|View Biography

Michael Berman

Michael Berman

Berman Medical

Read Story | View Induction Speech and Interview|View Biography

Richard Knowlton

Richard Knowlton

Hormel Foods Corporation

Read Story | View Induction Speech and Interview|View Biography

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