Minneapolis-based Opus promoted Pete Conlon to chief financial officer and head of capital markets and Su O’Sullivan to executive vice president of accounting effective May 4.
These leadership changes align with Opus’ next generation strategic plan and mark a continued step in the organization’s broader leadership evolution. In support of that plan, Opus has redefined the scope of their CFO role to place greater emphasis on capital formation, capital relationships and investment strategy – areas central to their long-term growth.
As CFO and head of capital markets, Conlon will have accountability for Opus’ financial strategy and growth of their capital markets platform as well as oversight of all enterprise financial and control functions, including finance, financial planning and analysis, accounting, audit and capital markets – integrating these disciplines more closely and strengthening how Opus evaluates opportunities, deploys capital and drives performance across the business.
Conlon was previously executive vice president of capital markets and played a key role in shaping Opus’ current strategic plan. He brings 23 years of industry experience spanning property acquisition, brokerage, development and investment management. Since joining Opus in 2015, Conlon has structured and closed more than $3 billion in joint-venture partnerships, supporting development across industrial, multifamily, student living and senior living sectors nationwide. He also established the framework for Opus’ joint venture platform with institutional investors. Conlon was selected for the position following a comprehensive search and evaluation process conducted in partnership with an external recruitment firm.
O’Sullivan’s promotion to executive vice president of accounting will more fully leverage her depth in accounting leadership while supporting the broader expansion of Opus’ financial structure.
O’Sullivan has held roles of increasing responsibility across her 27-year tenure with Opus, from project accountant to vice president of accounting. She brings deep expertise in financial analysis, enterprise payroll and project planning and accounting, along with a strong track record of team leadership and operational consistency. Prior to joining Opus, O’Sullivan served as an auditor with KPMG.
As part of this transition, Opus will establish a new senior leadership role to support continuity within the capital markets function. Conlon will continue to report to Rauenhorst, O’Sullivan will report to Conlon and both Conlon and O’Sullivan will be members of the Opus Executive Leadership Team.
