President's Office
Donald P. Lofe, Jr., President and Chief Transformation Officer
Mr. Donald P. Lofe, Jr., officially assumed the role of President and Chief Transformation Officer at Westminster College in Fulton, Missouri, on July 1, 2021. After a unanimous vote, the College’s Board of Trustees officially announced Mr. Lofe as the historic college’s 23rd president in April 2021, citing the major progress the 171-year-old liberal arts college made that year under his leadership as Interim President, even during an exceptionally challenging year and in the midst of the pandemic.
A 1979 Westminster College graduate and a two-time NAIA Indoor Track and Field All-American, Mr. Lofe previously served on Westminster’s Board of Trustees for approximately eight years in a variety of capacities, including Board Chair, throughout his Board tenure. Mr. Lofe serves on the Board as an ex-officio member, consistent with the historic practice for the role of the College’s president. He is also on an indefinite and extended leave of absence from his board chair role. Prior to his appointment at the College as Interim President and Chief Transformation Officer in 2020, Mr. Lofe was most recently a Partner and the Chief Risk Officer for Global Business Services – Mortgage and Lending Solutions for the IBM Corporation based in San Ramon, California.
Mr. Lofe served in several senior executive roles for insurance, community lending, and other financial and mortgage-related service entities, both domestically and internationally, before his tenure with the IBM Corporation. He was a Partner with PricewaterhouseCoopers LLP, specializing in financial services, insurance, and private and public higher-education clientele. He also served as the engagement partner for The Progressive Corporation. Mr. Lofe is a CPA, CGMA (Active Status) and is also COSO Certified by the AICPA. He was named by Treasury and Risk, a leading corporate finance and treasury periodical, as one of the 100 Most Influential People in Finance.
In October 2022, Mr. Lofe was inducted into the Association of Churchill Fellows of Westminster College. In 2011, Mr. Lofe was awarded the Lifetime Alumni Achievement Award from Westminster, where he received bachelor’s degrees in Accounting and Political Science as an undergraduate. Mr. Lofe also holds an MBA, with concentrations in Finance and Business Policy, from The University of Chicago.
Mr. Lofe is a member of the Board of Directors of the Callaway County Chamber of Commerce and the Missouri College Fund, Inc.
Mr. Lofe’s wife, Lorraine, is a native of St. Louis, Missouri, who graduated from Southeast Missouri State University in Cape Girardeau with a BS in Business Administration. She also is a CPA (Active Status). The couple met in St. Louis and married in 1992. They have a set of grown twins. Their daughter, Lauren, graduated with honors from the University of San Diego in 2019 and is Director of Marketing for a digital marketing an real estate development startup in San Diego. Their son, Don III, graduated with merit in 2020 from the U.S. Naval Academy. He is now a Naval Aviator who officially graduated from flight school in January 2023 at Naval Air Station Corpus Christi in Corpus Christi, Texas.