Minnesota Commissioner Appoints 4 to Leadership Team

February 15, 2011

Minnesota Commerce Commissioner Mike Rothman has announced the newest members of his leadership team. Rothman tapped attorney and experienced manager Steve Carlson to serve as Deputy Commissioner of Administration. Kevin Murphy was re-appointed as Deputy Commissioner of Financial Institutions. Jaki Gardner will continue as Assistant Commissioner of Insurance, and April Todd-Malmov will serve as Health Insurance Exchange Director.

Gardner was re-appointed as Assistant Commissioner for Insurance. She has worked at the Commerce Department since 1997, handling insurance solvency and rate regulation. Before coming to Minnesota, Gardner served in Washington’s Office of the Insurance Commissioner from 1993 to 1997, and before that in the Illinois Department of Insurance from 1973 to 1993.

Gardner has also worked with international regulators to develop and implement solvency standards to ensure they are compatible with U.S. solvency standards. She will be traveling to Haiti next month as a volunteer with the U.S. Department of Treasury to help restore Haiti’s financial services and insurance regulatory infrastructure.

Todd-Malmov joins the Department of Commerce in a shared-services agreement with the Minnesota Department of Health. She assumes the role of Health Insurance Exchange Director while continuing her work as State Health Economist.

Todd-Malmov has served as co-chair of the state’s interagency subgroup on health insurance exchanges. She has extensive state-level experience on health care initiatives, as well as significant private-sector experience in the health insurance industry. Todd-Malmov provided input on the federal Affordable Care Act recently passed by Congress.

Murphy will continue as Deputy Commissioner of Financial Institutions. First appointed 1998, Murphy is responsible for the direct management of the examination and licensing programs for state-chartered financial institutions, insurance companies and consumer credit companies. Prior to his work at the Commerce Department, Murphy worked 17 years for the Federal Deposit Insurance Corporation (FDIC) and 13 years as a private sector banking consultant.

Carlson will manage the administrative functions of the Commerce Department, as well as lead the Unclaimed Property, Weights and Measures, and Petrofund units. Carlson is an experienced attorney and manager with background in finance, commerce, and economic development. Carlson has spent more than 33 years in legal practice, including six in service to the United States Government. He previously chaired the Banking and Commercial Department at Dorsey & Whitney LLP, a business law firm headquartered in Minneapolis.

Source: Minnesota Department of Commerce

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