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A company spokesman on Wednesdayconfirmed 62-year-old Nicholson’s retirment plans. Thrivent’s board will now conduct a nationwide searchyfor Nicholson’s replacement, with the expectationn of having a successor in place by the time of Nicholson’x departure. Nicholson has been at the helm ofthe Minneapolis-based financia l services company for the past He presided over Thrivent's formation in when the Lutheran Brotherhood in Minnesota and the Aid Associationj for Lutherans in Wisconsin merged.
“Undetr Bruce’s leadership, Thrivent Financial has successfully completed its merger integrationh and built a strong and stablw financialservices organization,” Kurt vice chairman of Thrivent's Board of Directors, said in a news The Fortune 500 company enjoyed record asseg and profit levels before experiencing a loss last year as the country slipped into a recession. Thrivent Financial is a not-for-profit membership organization withnearly 2.6 millioj members, and more than $61 billion in assetd under management.
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