Patrick Locken
Chief Financial Officer, Mortenson Construction
Meet Patrick
Patrick Locken serves as Chief Financial Officer for Mortenson, leading the company’s financial strategy and operations to support confident decision-making and long-term growth. With deep global finance leadership experience, he partners across the business to bring clarity to complex decisions, strengthen financial stewardship, and ensure Mortenson can scale responsibly while delivering consistent outcomes for customers and partners.
Professional Experience
Mortenson: Chief Financial Officer (since April 2026). Leads financial activities for Mortenson’s construction business, including financial reporting and planning, capital deployment, accounting and controls, tax, and treasury.
Cargill: Senior Vice President and Enterprise Finance Leader, Ag & Trading (since January 2023), leading global teams in FP&A, performance management, and partnership with business leaders. Previously held financial leadership roles across the U.S. and Europe over 28 years, including work in Geneva and London.
Education:
Bachelor of Arts, Accounting
Concordia College (Moorhead, Minnesota)
Credentials:
- Certified Public Accountant (inactive)
- Certified Management Accountant
Strong financial stewardship gives Mortenson the clarity and confidence to make smart, long-term decisions that create value for the business and trust with our customers and partners.
Decision-making: balancing data, perspective, and action
Good decisions start with the numbers—but they don't end there. Seeking out diverse perspectives helps surface risks and opportunities that data alone can miss, and balancing an enterprise-wide view with the ability to go deep when a situation demands it leads to stronger outcomes. From there, it's about disciplined execution and staying open to adjusting as new information emerges. That's how teams and customers move forward with confidence.
The dual role of finance
High performing finance teams do two things well: they preserve value and they create it. Preservation means strong controls, disciplined risk management, and protecting what the business has built. Creation means anticipating needs rather than just responding to them, connecting financial insight across the organization, and bringing external perspective to the table. Together, these make finance a genuine partner to the business — one that supports profitable growth and consistent outcomes for customers. That kind of partnership is built on credibility: trust earned through transparency and a shared understanding of the business, not just the numbers.
Financial stewardship as a foundation for growth
Mortenson is at an important inflection point—building on a strong foundation while scaling thoughtfully. Finance plays a central role in this opportunity: enabling disciplined decision-making, strengthening financial performance, and ensuring long-term value creation.
To me, this means reinforcing the finance team's strength as trusted stewards of the business and as thought leaders and partners across Mortenson.
Personal Passions
Mentorship is something I feel strongly about. Having been shaped by strong mentors earlier in my career, I've made it a personal priority to invest in others in the same way. These relationships—both formal and informal—focus on helping people grow beyond technical skills to develop the leadership behaviors that define long-term success.
Mortenson’s people-first culture resonates deeply with me. The investment we make in developing our people and building the next generation of leaders is something I genuinely value—and something I look forward to contributing to.
Boards + Memberships
- Wayne Sanderson Farms
Board Member and Audit Committee Chair (2021-2025) - Cargill Foundation
Investment Committee Chair (2022-2025)
Interests
- Staying active and spending time outdoors
- Reading
- Traveling