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Chris Thorkelson Named CEO of Lloyd Companies

Lloyd Companies announces retirement of CEO, Craig Lloyd, and continues executing succession plan.

SIOUX FALLS, SD (November 18, 2015) – Lloyd Companies announced today that Chris Thorkelson will be named Chief Executive Officer on January 1, 2016. In this role, Chris will provide strategic and day-to-day leadership for the company.
Current CEO Craig Lloyd will transition into the role of chairman of the board for Lloyd Companies. While no longer involved in the day-to-day operations of the business, Craig will maintain an influential presence on the board and will continue to be involved in development projects. Craig plans to spend his retirement volunteering in the community, traveling with his wife Pat, and enjoying time with his grandchildren.

“We’ve been planning this transition for a long time,” Craig Lloyd said. “The community has given Pat and I opportunities that we never would have dreamed were possible. As we retire, we’re blessed to have family members and a leadership team in place that will grow Lloyd Companies into a larger and more profitable company than ever before.”

Pat Lloyd, co-owner of Lloyd Companies added, “As Chris steps into Craig’s role, we are confident that the values most important to Craig and I will be carried forward by our leadership team.  We know under Chris’ leadership, Lloyd Companies will continue to value relationships, service and giving back.”

Chris Thorkelson joined Lloyd Companies in 2003 after graduating from the University of Wisconsin, Madison, where he studied engineering and business.  He was named Vice President of Construction and Development in 2008, and he served in that role until 2012 when he became Chief Operating Officer.  In addition to his corporate leadership, Chris has had a significant presence in the community.  He has served on boards for the YMCA, Southeastern Behavioral Health, the University of Wisconsin College of Engineering Advisory Board, Dakotabilities, Sioux Empire Housing Partnership and the Sanford Health Foundation.

“I am thrilled to have had the opportunity to learn from Craig and Pat’s leadership over my 12-year career at Lloyd Companies,” Chris Thorkelson said. “The Lloyd way of business has been one based on family values, a passion for giving back to the community, and a desire to set the bar higher than any other company in our industry. I am continually humbled by the opportunity our team has to shape Sioux Falls and other communities. I am fortunate to be surrounded by a great group of senior leaders who are equally passionate about growing this company and creating a solid return for our investors.”

About Lloyd Companies:
Established in 1972, Lloyd Companies began in South Dakota as a small family-operated firm and has grown into a full-service property management, real estate, construction, and development company that continues to grow in Sioux Falls and throughout the Midwest. Lloyd Companies is committed to the past while defining the future.