The CEO of one of the largest locally owned firms was elected to lead the Greater Cedar Valley Alliance & Chamber during its annual meeting held July 16 at the Park Place Event Center.

Tom Penaluna, CEO of The CBE Companies will chair the regional economic and community development organization through its 2014 fiscal year. Penaluna has been a board member of the Alliance & Chamber since 2008, and also was a board member of its predecessor organizations. He completed a term as chair of the affiliated Waterloo Industrial Development Association, and most recently served as vice chair of the Alliance & Chamber. Tom has asserted his leadership in the critical business – education transformation discussion by championing the Leader Valley and Leader in Me initiatives of the Alliance & Chamber. Penaluna also serves on the board of the Iowa Partnership for Economic Progress.

Other officers elected to leading the organization with Penaluna are: Vice Chair -Steve Tscherter, CEO, Lincoln Savings Bank; Treasurer-David Braton, Publisher, The Courier; and Past Chair, Kris Hansen, CEO, Western Home Communities. Steve Dust is president & CEO of the Alliance & Chamber.

The officers are joined by Rich Czarnecki, John Deere Global Director – Large Tractors; TechWorks Campus chair and former mayor Tim Hurley; and Chamber Council Chair Stacy Bentley, President – Community National Bank to form the Alliance & Chamber’s Executive Committee.

Kate Washut, partner, Far Reach, and Steen Hansen, CEO, Bossard North America were elected to the group which represents a broad spectrum of region-wide business, institutional, and local government interests. Sue Armbrecht, President – MidWestOne Bank Cedar Valley, and Chris Fereday, President – PDCM Insurance were re-elected to the board.

Washut and Hansen take the seats formerly occupied by retiring board members Dee Vandeventer, ME&V, and local attorney Hugh Field, partner in the Beecher Law Firm. “Dee and Hugh have been a part of the Alliance &Chamber leadership since its creation. The progress we’ve made in creating and delivering on the vision of a more vital, Cedar Valley economy is due in large part to the persistence and vision of business and civic leaders like Dee and Hugh,” said Dust.

Dust continues, ”Steen and Kate join others on our board who represent yet the next generation of leadership in our economy – businesses that located or started – but intending to grow – in the Cedar Valley of Iowa. They are the voices who need to chart the path for our economy moving forward,” concludes Dust.