Peter Diessner has been named chief executive officer of Minneapolis’ Kraus-Anderson Companies, Inc., the holding company for KA’s 127-year-old family of companies.
Diessner has been chief operating officer of KA Companies since 2023. He succeeds Bruce Engelsma who has been CEO since 1997.
Engelsma remains chairman of KA Companies and will continue to serve on various committees within the enterprise, which includes KA Construction, KA Realty & Development, KA Insurance and KA Financial Services Group.
Diessner’s appointment to the top leadership role is a seamless transition and natural progression of many years of intentional and thoughtful planning for the family-owned company.
Each of KA’s family of companies works independently and together to achieve KA Companies’ continued growth and prosperity.
In his new role, Diessner will join and lead the executive leadership team at KA Construction, one of the nation’s premier commercial general contractors and construction managers, as it continues to strategically grow and expand.
The company has operations in nine cities, including the opening of new regional offices this year in Fargo, N.D. and Phoenix, Ariz. Managing $1.4 billion in construction, its vast portfolio in numerous building sectors comprises education, healthcare, commercial, hospitality, offices, retail, housing and mixed-use developments, as well as buildouts and special projects.
Diessner will serve as CEO and continue to serve as president of KA Realty & Development.
