Stephen Wellington, Jr.
Chief Executive Officer
Steve founded Wellington Management, Inc. (WMI) in 1984 and remains among the most-admired CEOs in the Twin Cities. He comes from a background of city and community planning that began in the 1970s. Between 1976 and 1984, Steve worked for the City of St. Paul, first as an aide to Mayor George Latimer and then as Deputy Director for the City's Department of Planning and Economic Development. As a leading St. Paul development official, Steve was responsible for such major redevelopment projects as District Energy, Lowertown redevelopment and the establishment of the Family Housing Fund.
During the past 37 years, WMI has developed and/or acquired more than 100 commercial and residential properties in the Twin Cities. This four-million-square-foot portfolio is currently worth over $600 million, and WMI developed or substantially renovated approximately 50% of these properties. The balance of the company’s real estate has been added through acquisitions, and WMI manages and leases 100% of the company’s portfolio. Wellington is currently the Twin Cities’ 10th largest property management company, and 95% of the company’s assets are owned in whole or in part by Steve. The company has also been an active residential developer, with four completed residential condominium projects totaling 327 units and an additional 588 apartment units completed or under construction.
Steve has been an active community volunteer and civic leader. From 1993 to 1999, he served by gubernatorial appointment on the Twin Cities Metropolitan Council. He was also a board member and board chair for Regions Hospital (2003 – 2012). He has been a leading advocate for affordable housing, most notably in the founding of Beacon Interfaith Housing Collaborative, a non-profit established in 1999 with 400+ units now completed. Currently, Steve chairs the board of the Drake Bank and serves as a member of the Regions Hospital Foundation.
Steve Wellington is a 1971 cum laude graduate of Yale University where he earned a B.A. in English Literature. He then received master’s degrees from the University of Minnesota's Humphrey School of Public Affairs (1976) and Stanford University's Graduate School of Business (1984), the latter through a Bush Foundation Fellowship.