Effective today, Mark Rauenhorst, Chairman and CEO of Opus Corporation, is transitioning to a new role with the Rauenhorst Trusts as a consultant and advisor. In this new position Rauenhorst will consult with the Rauenhorst Trusts on company restructuring and investment strategies.  The Trusts own the Opus Group of Companies.

The change in roles results in part from changes in organizational structure at The Opus Group of Companies. Due to the market events of the past year, it was concluded that the Opus Group of Companies no longer needed a shared services platform provided by the parent company. Restructuring decisions were made to outsource functions and transfer responsibilities that were provided by the parent companies to Opus North Corporation and Opus Northwest, L.L.C.

 

“With owner support and the rest of Opus North and Opus Northwest leadership in place, this is a positive move, which allows Mark Rauenhorst to focus on strategy at the ownership level.” said Keith P. Bednarowski, trustee of the Rauenhorst Trusts.

Danny Queenan, president and CEO of Opus North, and John Solberg, president and CEO of Opus Northwest will continue to lead their respective independent operating companies.  “Both Opus North and Opus Northwest have loyal customer bases, and we are strategically using this opportunity to streamline and strengthen their operations and bottom-lines.” said Mark Rauenhorst, former Chairman and CEO of Corporation.

 

Rauenhorst joined the company in 1982 and has been involved in most aspects of the company’s activities. He became president and chief executive officer of Opus Northwest, L.L.C. in 1996, supervising all activities related to project development, including site acquisitions, zoning, market analysis, financial feasibility, government approvals, marketing, leasing and property management. In April 1999, he became president of Opus Corporation, was named chief executive officer in April 2000, and chairman in April 2007.

 

About The Opus Group
The Opus Group, based in Minneapolis, is a full-service real estate development company with 56 years of experience. Opus is recognized as a national leader in office, industrial, retail, multifamily, government and institutional development and has offices across the United States and in Canada. Committed to creating great real estate, Opus implements best practices in sustainable design and construction to maximize building performance and reduce environmental impact. For more information, visit www.opuscorp.com and follow us on www.twitter.com/opuscorp.