Charlie Zelle, Gov. Mark Dayton's choice to take over as commissioner of the Minnesota Department of Transportation (MnDOT), said last week that he has appointed a successor as CEO of Jefferson Lines, the interstate bus company that his grandfather founded.
Zelle will remain chairman and plans to recuse himself from any dealings involving the state.
Zelle said Steve Woelfel, 52, Jefferson's chief financial officer who also functions as chief operating officer, will become chief executive. Jefferson Lines, founded nearly a century ago by Zelle's grandfather, is a $25 million revenue business with routes largely in the Upper Midwest that employs more than 200 people and owns 75 buses.
"Truth is, I couldn't have stepped away from Jefferson a few years ago," Zelle said. "Steve is respected by our drivers and the other people in our company. He's very good at details, which I am not. And I have been increasingly engaged in other things. Now I've got this job in St. Paul, but if this hadn't come about, I think I would have gone ahead and started to step away" from the CEO job anyway.
Zelle quit a Wall Street career with Merrill Lynch in the late 1980s to return home and succeed his late father, Louie, and salvage the family's troubled commercial real estate and bus businesses. Louie Zelle was a pioneer in the revival of the Mississippi River in the 1970s in then-money-losing St. Anthony Main. It took a trip through bankruptcy in 1991 and an infusion of about $4 million in cash from local investors for the modern-day Jefferson Lines to emerge.
Meanwhile, Zelle, 57, isn't showing his hand yet on transportation-finance recommendations. But he sat on a recent state task force of government and businesspeople who recommended that gas taxes rise by 40 cents over the next 20 years to fund an additional $15 billion worth of roadwork.
Dayton has indicated he won't immediately seek a gas tax hike, partly because it is politically unpopular.
"The governor asked the right question of the task force," Zelle said. "What will it take to advance a world-class transportation system? A broad, bipartisan mix of private and government committee members ... said that if this is what we want, we'll need additional revenue.