Lutherans in Minnesota

Thrivent Financial exec named CFO of the Year

Randy Boushek, chief financial officer of Thrivent Financial for Lutherans, has been named “CFO of the Year” by Minneapolis/St. Paul Business Journal in the large private company category. The award honors local financial executives for outstanding performance in their roles as corporate financial stewards.

Boushek was one of nine CFOs honored representing public, private, and nonprofit companies. Honorees were selected by a panel of judges comprised of members of Financial Executives International and the Association for Corporate Growth.

“Randy’s great contributions and decisions continue to lead to Thrivent Financial’s growth and profitability, and consistently uphold the best interest of the membership,” said Brad Hewitt, Thrivent Financial president and CEO. “I extend my sincerest congratulations to Randy on this impressive award.”

When Thrivent Financial’s risk management framework was stress tested in 2008 and early 2009 by declining markets and a fragile economy, the organization’s risk processes, managed by Boushek, performed well. Where, industry wide, competitors’ life insurance sales dropped 16 percent in 2009 according to LIMRA, a financial services trade association, Thrivent’s grew by 11 percent.

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