Previously the company's executive vice president, Nordby replaces Douglas Norberg, who last year stated his intention to step down as president and chief financial officer. Norberg joined Wright Runstad in 1975, and will remain on board as its vice chairman and an active partner.
To fill the holes left by Nordby and Norberg, the company also recently named Walter Ingram its executive vice president and chief financial officer.
Nordby, who last year had visions of retirement, will likely stay on for at least another year. Jon Runstad, who remains the company's chairman and CEO, says he has no plans to retire in the near future.
Wright Runstad is majority-owned by four active principals in the company. A minority interest is owned by Equity Office Properties Trust.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.