Minnesota Securities Commissioner Mike Rothman stepped down from his post effective Tuesday and is expected to run for the state’s attorney general post.
Rothman, who served a one-year term as president of the North American Securities Administrators Association from 2016 to 2017, was appointed to serve as commissioner of the Minnesota Department of Commerce in January 2011.
“For nearly seven years, Mike Rothman has devoted himself to protecting consumers, improving the lives of Minnesotans, and ensuring fair regulatory environments for Minnesota’s businesses,” said Minnesota Gov. Mark Dayton, in a statement.
Jessica Looman, Deputy Commissioner for the Minnesota Department of Labor and Industry (DLI) since 2014, will succeed Rothman as Commissioner of the Minnesota Department of Commerce starting on Nov. 17.
“Jessica Looman will be an excellent Commerce Commissioner,” said Governor Dayton, in the statement. “She has done an outstanding job improving the efficiency of the Labor Department and its services – ensuring workers and consumers get the protections they deserve, and businesses get the quick and quality services they expect. As Commerce Commissioner, Ms. Looman’s commitment to quality government services and responsible regulation will serve Minnesotans very well.”
Rothman noted in a Nov. 17 statement announcing his departure some of the accomplishments achieved during his seven years leading the state’s Commerce Department.