Catholic Financial Life is one of the largest Catholic not-for-profit financial services organizations in the U.S.
Borgen’s promotion is the next step in a leadership transition that began Jan. 1, 2021, when the Catholic Financial board of directors named him president while Bill O’Toole remained CEO as part of a one-year transition.
Borgen, 42, has held a series of ascending positions with increased responsibilities since joining Catholic Financial Life in 2009. He earned a master’s degree in business administration at Marquette University, a master’s degree in philanthropy at Indiana University and a bachelor’s degree in political science at St. John’s University. Borgen and his wife, Katie, reside in Richfield with their three sons.