Former King Arthur Flour leader takes First Chair

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Tue, 11/23/2021 - 1:54pm -- Emily Adsit

At its Annual Meeting last month, the board of directors for the Vermont Economic Development Authority (VEDA) chose a new round of officers to lead organizational strategy and oversight. 

Steve Voigt, of Norwich, who has served on the board since 2019, was named chair.

Voigt is best known for his tenure with King Arthur Flour, serving in a number of roles including President and CEO. There, he connected with VEDA as a borrower. 

“VEDA helped finance King Arthur Flour’s new buildings in Norwich and Hartford. I’d like to help VEDA help other great Vermont companies and organizations reach their growth goals,” he said. 

Voigt takes the chair seat from outgoing head Thomas Gallagher, of St. Albans. The president and CEO of the Peoples Trust Company remains on the board. During his time as chair, Gallagher, CEO Cassie Pohlemus, and VEDA as an organization helped new and existing borrowers navigate the uncertainty of the COVID-19 pandemic while simultaneously doubling loan volume. 

Now, Voigt said, “I hope to steer board focus more towards strategic and forward-looking matters during these times of great economic and social transition,” while also continuing with ongoing initiatives. 

Admittedly, Voigt said, his “sweet spot” lies in food-related business, but “I have to say I am equally jazzed about solar, broadband, and the many other programs VEDA assists the state and other great collaborating organizations working on similar missions.” 

He continued, “There are so many great things about our state — we help individuals’ impact by making capital more available.” 

In addition to Voigt’s new role on the board, Ted Foster, of Vergennes, was selected as vice chair and Daniel Kurzman, of Derby Line, as treasurer. 

About VEDA: The Vermont Economic Development Authority is Vermont’s statewide economic development finance lender. Created by the General Assembly in 1974, VEDA’s mission is to contribute to Vermont’s economic vitality by providing a broad array of financing programs to eligible businesses that create jobs and help advance Vermont’s public police goals.