Jaeger named Ulteig CEO
May 11, 2015
After a nationwide search, Doug Jaeger was named Ulteig’s new chief executive officer May 11. With his strong operational experience, track record of growth and leadership skills, Jaeger was far and away the top candidate for the position.
“We’re truly delighted to have found Doug among a very strong pool of candidates,” said Shepherd Pryor, chairman of the company’s board of directors. “He has tremendous experience in relevant industries and leadership positions and is an excellent fit with our culture and our core values. He has a proven track record of growing organizations and we’re confident that under his leadership, Ulteig will continue to achieve success in the marketplace and to fulfill our mission to be the place where people want to work and the company that people want to hire.”
“Ulteig is known throughout the region as a company that lives its values,” said Jaeger. “It is dedicated to its clients’ success, it believes in – and achieves – excellence and it acts with integrity and honesty. It is an honor to join an organization focused on these principles and a team with such a strong record of accomplishment. I look forward to contributing to its future successes.”
Jaeger succeeds Eric Michel, who last January indicated his intention to transition out of the CEO position in 2015. Michel will remain an advisor to the company.
“This announcement affords me another opportunity to thank Eric for his service to the firm,” Pryor said. “We will continue to benefit from his counsel and insight as he completes this transition and assumes a new role as advisor.”
Jaeger was previously the principal of AMP Advisors, providing advisory and consulting services on strategy, development and acquisitions. From 2008 to 2013, he served as CEO of Adolfson & Peterson Inc., one of the top 50 construction services firms in the country, with concentrations in medical, energy, government, senior housing and education segments. During Jaeger’s tenure, A&P expanded its presence nationally, increased market share and achieved industry--leading results in safety, employee engagement and client loyalty.
Prior to joining A&P, Jaeger served in a number of leadership roles at Xcel Energy, including leading the company’s high voltage transmission business, overseeing its high-pressure gas storage and transportation business and in marketing and sales to commercial and industrial segments. Before joining Xcel Energy in 2000, Jaeger held marketing, business development and sales leadership roles at Exelon Corporation in Chicago and Honeywell, Inc., in Minneapolis.
Jaeger serves on the board of trustees for the North American Electric Reliability Corporation (NERC) and on the board of advisors for Computype, Inc,. in St. Paul, Minn. He has been active on various community boards, professional and industry organizations. In 2010, Twin Cities Business Magazine selected Jaeger as one of the “200 Minnesotans You Should Know.”
Jaeger earned his undergraduate degree from St. John’s University in Collegeville, Minn., and his MBA from the University of St. Thomas in St. Paul. He and his wife Laura have four children and live in Minnesota’s Twin Cities.
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