Thrivent Taps Veteran Leader Lynn Crump-Caine as New Board Chair

MINNEAPOLIS, MN – January 21, 2026 – Thrivent, a Fortune 500 financial services organization, has named veteran corporate leader Lynn Crump-Caine as the next chair of its Board of Directors. The appointment, effective February 1, marks a significant leadership transition for the company as it continues to navigate a period of strategic transformation and growth.

Crump-Caine, a board member since 2016, will succeed N. Cornell Boggs, III, who has served as chair since 2023. Her election signals a focus on leveraging deep operational expertise to guide the purpose-driven company's future.

A Career Forged in Global Operations

Lynn Crump-Caine brings a formidable track record of executive leadership to her new role. Her career is most notably defined by a 30-year tenure at McDonald's Corporation, where she ascended from a crew member at age 16 to Executive Vice President of Worldwide Operations. In that pinnacle role, she was responsible for directing the global operations, growth strategies, and systems for more than 31,000 restaurants across the globe. Her oversight spanned critical functions from supply chain and real estate to menu management and global innovation, providing her with a granular understanding of how to run a complex, multinational enterprise at scale.

Following her extensive career at McDonald's, Crump-Caine founded OutsideIn Consulting, a firm dedicated to advising organizations on business management, strategic thinking, and leadership development. This experience has honed her ability to guide companies through periods of change and to cultivate strong leadership pipelines. Her leadership philosophy, often described as "people-first," emphasizes the distinction between managing processes and leading people, a perspective she is expected to bring to her oversight of Thrivent's governance and long-term strategy.

"Lynn's extensive business and leadership experience, deep understanding of Thrivent's transformation and commitment to our purpose make her the ideal choice to chair our Board of Directors," said Terry Rasmussen, Thrivent President and CEO. "Lynn has been a valued board member for nearly a decade, bringing operational expertise and strategic insight, and I look forward to working with Lynn in this expanded position as she guides Thrivent's future transformation and growth."

Guiding a Strategic Transformation

Crump-Caine's appointment comes at a pivotal moment for Thrivent. The organization, which manages over $194 billion in assets, is in the midst of a multi-year effort to modernize its business and expand its reach. This includes a "client-first, digital-first" transformation initiated under the leadership of outgoing chair N. Cornell Boggs, III, aimed at reimagining the advisor and client experience.

As the new chair, Crump-Caine will guide the board's oversight of this ongoing transformation. Her responsibilities will be broad, encompassing all aspects of the business, with a specific and critical mandate to oversee succession planning for the CEO and the broader executive leadership team. Her experience on Thrivent's board, particularly as chair of the Human Resources and Governance committee, has already given her an intimate understanding of the company's internal dynamics and strategic goals.

In her own words, Crump-Caine expressed her commitment to this path. "Thrivent is one of the most unique, purpose-driven companies in America and I'm honored to serve as Board chair and continue working alongside Terry and our talented directors," she stated. "Under Terry's leadership, Thrivent has been building momentum and transforming for the future – all of which will continue and accelerate in the years ahead."

An Evolution of Leadership and Governance

The transition from N. Cornell Boggs, III, to Lynn Crump-Caine represents both continuity and evolution for Thrivent's board. Boggs, who joined the board in 2013 and became chair in 2023, was a key architect of the company's recent modernization efforts. His tenure was marked by a focus on growth and expanding services to a more diverse client base. CEO Terry Rasmussen praised Boggs for his "strong leadership" and "invaluable" guidance over more than a decade.

Crump-Caine's ascension builds upon this foundation. Her appointment is also significant within the broader context of corporate governance in the financial services industry. While progress has been made, women remain underrepresented in top leadership roles. According to recent industry data, women hold just over a fifth of C-suite roles in financial services globally. Crump-Caine's chairmanship of a Fortune 500 financial services board places her in an elite group of female leaders shaping the future of the industry.

Her extensive governance experience extends well beyond Thrivent. She currently serves as the independent Board Chair for Wingstop Inc., a director for Advocate Health (one of the nation's largest healthcare systems), and lead director for The ExCo Group. This breadth of experience across different industries provides her with a multifaceted perspective on corporate oversight, risk management, and long-term value creation.

A Purpose-Driven Future

Central to Thrivent's identity is its status as a member-owned fraternal benefit society that "puts generosity at the heart of saving and investing." This purpose-driven model differentiates it from many traditional financial firms. The company serves over 2.4 million clients by integrating financial advice, insurance, and investment products with programs that encourage community impact and charitable giving.

This unique structure requires a leadership vision that balances financial performance with a commitment to member value and social purpose. Crump-Caine's focus on values-based leadership and her long-standing involvement with a purpose-driven organization like Thrivent align well with this mission. Her stated focus is to continue helping "more people build, grow and protect their financial well-being through purpose-driven advice and generosity."

As she takes the helm of the board, Crump-Caine will be tasked with steering this unique enterprise toward sustained growth while preserving the core values that have defined it for over a century. Her proven ability to lead complex global organizations and her deep commitment to governance will be crucial assets as Thrivent continues to evolve in a competitive and rapidly changing financial landscape.