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.
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