The inductees into the Minnesota Business Hall of Fame this year join an elite group of individuals who rank among the most accomplished and respected Minnesota business leaders of all time.
Each of this year’s honorees has transformed a small, local operation into a position of industry leadership. Each achieved through unrelenting waves of business, economic, and, in some instances, political challenges. Each is truly inspiring—both to their colleagues and peers, as well as to the next generation (and beyond) of business leaders in Minnesota.
Here, then, are the members of the Minnesota Business Hall of Fame’s class of 2011:
Mary K. Brainerd CEO since 2002, Brainerd has doubled the revenues of Bloomington-based HealthPartners, the country’s largest not-for-profit, consumer-managed health care organization. She also directed the development of a partnership between HealthPartners and insurance giant Cigna that has expanded HealthPartners’ geographic presence even further.
William A. Cooper The straight-shooting CEO of TCF Financial for most of the past 26 years, Cooper guided its transition from troubled Twin Cities thrift to a multi-state banking system that has delivered 64 consecutive quarters of profit.
Paul Finkelstein Since joining Regis Corporation as COO in 1987—he has been its CEO since 1996—Finkelstein has grown the Edina-based hair salon management firm into a Fortune 1000 company. Regis has expanded from 500 stores with sales of $150 million in 1987 to nearly 12,500 stores turning $2.4 billion in 2010.
Guy C. Mingo Three years after quitting high school at age 16 to work full time, Mingo became Marsden Building Maintenance’s youngest-ever district manager. He then worked his way up the ranks until, at age 42, he was named the St. Paul–based company’s CEO. Under his leadership, Marsden Holding has become one of the largest privately owned facility-service providers in the United States. For the past three years, Marsden Holding has had record growth in income.
Christopher A. Twomey During Twomey’s 24-year tenure as CEO of Arctic Cat, the Thief River Falls–based snowmobile manufacturer enjoyed 22 years of profitability, thriving on a base of intensely loyal customers. In 1990, he took the company public. Five years later, he led Arctic Cat into the ATV business, which now accounts for half of the company’s $465 million revenue.
Read more from this issue
Click the links below to read each of their stories.