Board of Trustees

Bert J. McKasy

Attorney, Lindquist & Vennum, P.L.L.P.

Bert J. McKasy has served as a board member of the Mairs & Power mutual funds since 2006, including as a member of the Audit and Nominating and Governance Committees and Independent Chairman of the Board of Trustees since 2015. Mr. McKasy has more than 25 years of experience serving as senior executive officer of various operation companies and/or as a director of public companies. Mr. McKasy has more than 18 years of private practice experience as an attorney. Mr. McKasy has served as a senior executive officer and as a director in the financial services industry for more than 10 years, and has more than nine years of experience in public service, including having served for two years as commerce commissioner for State of Minnesota.

Mary Schmid Daugherty, CFA, PhD

Associate Professor, Department of Finance, University of St. Thomas

Mary Schmid Daugherty has served as a board member of the Mairs & Power mutual funds since 2010, including as a member of the Nominating and Governance Committee and Chairman of the Audit Committee since 2012. Dr. Daugherty has been an Associate Professor of Finance at the University of St. Thomas in Saint Paul, Minnesota since 1987. Prior to that she was with First Trust, Inc. in Saint Paul for five years as an investment officer in its Investment Research Department. She also spent two years as a teaching assistant in the Finance Department of the University of Minnesota in Minneapolis. Dr. Daugherty is the author of several publications in the financial field and has received a variety of teaching awards. Her professional activities include memberships in the CFA Society of Minnesota, the Association of Investment Management and Research, The Family Firm Institute and the Financial Analysts Federation.

James D. Alt, J.D.

Adjunct Professor, University of Minnesota Law School and Retired Partner, Dorsey & Whitney, LLP

James D. Alt has served as a board member of the Mairs & Power mutual funds since April 2015 including as a member of the Audit and Nominating and Governance Committees. Mr. Alt served as partner at an international law firm, headquartered in Minneapolis for more than 25 years. Mr. Alt's practice focused on corporate, securities and investment company law and corporate governance. Mr. Alt also served as the firm's general counsel from 2008-2012. Currently, Mr. Alt serves as an adjunct professor at the University of Minnesota Law School.  

Patrick A. Thiele, CFA

Retired Chief Executive Officer, PartnerRe Ltd.

Patrick A. Thiele has served as a board member of the Mairs & Power mutual funds since April 2015 including as a member of the Audit and Nominating and Governance Committees. Mr. Thiele served as CEO of an international reinsurer for over ten years. Prior to that, Mr. Thiele held executive roles with two other international insurance companies. Additionally, Mr. Thiele has experience working as a securities analyst, portfolio manager, chief investment officer, and chief financial officer of various entities throughout his career. Mr. Thiele also holds the Chartered Financial Analyst designation. 

Jon A. Theobald


Jon A. Theobald joined Mairs & Power, Inc. in 2002 and was elected Chief Executive Officer in 2014. Mr. Theobald had previously served as President and Chief Operating Officer since 2007. Mr. Theobald is responsible for overseeing all aspects of the firm's business.

Mr. Theobald has over 40 years of industry related experience. Mr. Theobald began his career with First Trust, N.A. in Saint Paul as a Trust Officer, and worked for three other local trust companies before joining our firm. Prior to his position with Mairs and Power, Inc., Mr. Theobald served as a Senior Vice President at US Trust Company in Saint Paul.

Mr. Theobald earned his BA from St. John’s University in Collegeville, MN and went on to graduate from St. Louis University Law School in St. Louis, MO. Mr. Theobald was admitted to the Minnesota Bar in 1970 and has been involved in Bar Association activities at the state and local levels since then. He is also active in several community organizations.


If you wish to contact any member of the Funds' Board of Trustees, you may write to them at this address:

c/o Mairs & Power Funds
332 Minnesota Street
Suite W-1520, First National Bank Building
Saint Paul, MN 55101-1363

McKasy, Schmid Daugherty, Alt and Thiele are independent trustees.