On January 12, 2011, Governor Mark Dayton appointed Mike Rothman to serve as Commissioner of the Minnesota Department of Commerce.
Under the leadership of Commissioner Rothman, the Commerce Department is responsible for consumer protection, regulation of financial service industries including insurance, state-chartered banks, credit unions, securities, and real estate. The Department licenses franchises, collection agencies, and currency exchanges.
The Commerce Department is also responsible for enforcement of Public Utilities Commission (PUC) rules and orders, regulation of natural gas and electric public utilities, energy conservation standards and information programs, low-income home energy assistance and weatherization, regulation of telephone companies, the administration of Telecommunications Access Minnesota (TAM), petrofund, and unclaimed property programs.
Commissioner Rothman brings a distinguished record of consumer protection to the Department of Commerce and extensive public- and private-sector experience on insurance and financial service-related issues.
Prior to joining the Department, Rothman was an attorney for eight years with the firm of Winthrop & Weinstine, P.A., in Minneapolis, where he was co-chair of the Insurance & Financial Services practice group.
Commissioner Rothman's litigation experience began when he worked on the insurance insolvencies of Mission Insurance Companies and Executive Life—two of the largest cases in U.S. history.
A graduate of the University of Minnesota Law School, Rothman began his career as a law clerk for the state Court of Appeals. In the late '80s and early '90s, Rothman worked for the state Senate, leading efforts to reform the state's regulatory laws.
In addition to his experience in state government and private practice, Rothman has also taught as an adjunct professor at the University of Minnesota Law School on insurance law and regulation.
Download: Commissioner Mike Rothman Photo
Tim Vande Hey leads the Commerce Department’s Insurance Division as Deputy Commissioner. Deputy Commissioner Vande Hey oversees all functions of financial regulation of insurers in Minnesota, including financial analysis, field examinations, actuarial and insurance company licensing. The Insurance Division also provides organizational oversight of domestic insurers and their holding companies.
Vande Hey previously served the Wisconsin Office of the Commissioner of Insurance for 14 years, including ten years as an advanced insurance financial examiner and four years as special assistant deputy rehabilitator. He brings significant regulatory experience to the Insurance Division, with extensive experience in mergers, acquisitions, licensing, liquidations, and rehabilitation. Vande Hey has served as chair of the National Association of Insurance Commissioners (NAIC) Financial Analysis Handbook Working Group and Financial Analysis Research and Development Working Group.
Vande Hey has a Bachelor of Science degree from Edgewood College in Madison with a double emphasis in Accounting and Business.
Tim Jahnke serves as the Commerce Department’s Director of Administrative Services. Jahnke, who previously served as the Department’s Chief Financial Officer, retains his responsibilities as CFO. He is also responsible for managing the administrative and human resources functions of the Commerce Department, as well as overseeing the Weights and Measures and Petrofund units.
Jahnke has served the financial management division of the Commerce Department since 2005. Prior to joining the Department, Jahnke served as an executive budget officer for Minnesota Management and Budget where he assisted state agencies in preparing operating and capital budget requests for inclusion in the Governor’s budget. He has also served in accounting roles at the Departments of Administration, Transportation, and the Board of Animal Health.
Jahnke is a graduate of Minnesota State University, Mankato where he earned a Bachelor of Science degree in accounting.