Mark Rauenhorst, Former Chairman and CEO of Opus Corp.

After 56 years, Opus Corp. will shut its doors and Chairman/CEO Mark Rauenhorst will move into a new position.

The Minnetonka, MN-based development company is restructuring after three of its five subsidiaries, Opus West, Opus South and Opus East, went bankrupt. Rauenhorst will become a consultant with Rauenhorst Trusts, which owns the surviving Opus companies. He will lend his more than 27 years of experience at Opus to advise on restructuring and investment strategies.

Opus North Corp. and Opus Northwest LLC, the remaining companies, will take on responsibilities that were previously handled by the parent. Danny Queenan, president and CEO of Opus North, and John Solberg, president and CEO of Opus Northwest, will continue in their respective roles.

Rauenhorst joined the firm in 1982, was named president and CEO of Opus Northwest in 1996, promoted to president of Opus Corp. in 1999, was tapped as CEO a year later and was named chairman in 2007. He’s played a key role in the company’s diversification and geographic expansion. Gerry Rauenhorst, Mark’s father, started the earliest carnation of Opus as a general contractor and family business in the 1950s. He's held several top leadership roles until his retirement in 2007.