CWT lifts Andersen from president to chief executive

He has been an executive at the firm formerly known as Carlson Wagonlit since 2008.

April 25, 2022 at 8:58PM
Photo of Patrick Andersen, new chief executive of CWT
Patrick Andersen, new chief executive of CWT (Provided photo/The Minnesota Star Tribune)

Business travel company CWT is promoting Patrick Andersen to be its next chief executive.

He will succeed Michelle McKinney Frymire, who led CWT as it went through bankruptcy proceedings after the pandemic disrupted business travel.

Andersen, who is currently president and chief commercial officer of the Minnetonka-based company, also will serve on the company's board of directors after he takes the top job on May 1.

"As travel demand increases, CWT is well positioned to invest in and expand its industry leadership and global relationships," Andersen said in a statement.

Prior to Andersen's roles as president and chief commercial officer, he served as chief strategy officer and, before that, president of the Americas. Since joining the company in 2008, Andersen managed major global initiatives and technology partnership.

His experience includes leadership roles at Deutsche Post and DHL. Andersen also serves on the boards of Global Minnesota, MN SNAP and the U of M's Carlson School of Management. He studied management at the London Business School.

CWT, formerly Carlson Wagonlit Travel, a global travel services company that employed thousands in 45 countries, was the primary business of Carlson Travel that went through bankruptcy last year.

That action pushed the billionaire Carlson family, one of the wealthiest in Minnesota, out of the namesake business where they made their fortune.

As the firms restructured $1.6 billion in debt, members of the founding family last year traded their ownership interest in the firms for debt forgiveness, and a group of financial institutions and bondholders became owners.

about the writer

about the writer

Gita Sitaramiah

Consumer reporter

Gita Sitaramiah was the Star Tribune consumer reporter.

See Moreicon

More from Business

See More
card image
Spencer Platt

The U.S. stock market roared back on Friday, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now.

Attendees of Frostbike made their way through the convention Saturday at the Quality Bike Products campus in Minneapolis. ] (AARON LAVINSKY/STAR TRIBUNE) aaron.lavinsky@startribune.com Frostbike 2016 was held at the Quality Bike Products Campus on Saturday, Feb. 27, 2016 in Bloomington, Minn.
card image