The last remaining position in Colorado Gov. Jared Polis’s administration was filled at the beginning of last month.
Lu Cordova is now Colorado’s Executive Director of the State Department of Revenue.
“We are thrilled to have Lu join our time. Her vision, expertise and record of experience make her a natural fit at the Department of Revenue,” said Polis in a statement. “We can’t wait for her to get started.”
Before Cordova took over, Heidi Humphreys was working in her position as interim executive director of the department. The department serves numerous roles, including taxation, car registration and drivers licenses, the state Lottery, liquor and marijuana sales, and gambling regulation.
Cordova comes into the job with a strong background in international finance, cybersecurity, ecommerce and more. She worked as president of Techstars Foundation, a Boulder based organization that works to innovate and push a positive social and economic global change by empowering underrepresented communities and entrepreneurs. Polis was one of four people who founded the organization.
She also has a background with Euronet Worldwide, an international payments company. Cordova worked on audit, governance and compensation committees. Right now, she is the chair and CEO of CTEK, a global nonprofit that works to breakdown any barriers that face entrepreneurs around the world. Cordova also serves as the CEO of Corlund Industries, LLC, a company that specializes in operations management, strategic planning, business development and capital finance.
Cordova founded CTEK Angels, the largest individual investors in the Rocky Mountain region. Before retiring from the 10th District Federal Reserve Bank, Cordova served as the Chairman of the Board of Directors.
Cordova previously said that the top lesson she learned during her professional career, hasn’t happened, but she is invested in learning what diversity means around the world and what needs to be done to break down barriers to access in different cultures.
The Colorado government believes that Cordova’s transition to her new spot will go smoothly, because of her strengths in technology, security, finance, international operations and succession planning.
When she served as President of Colorado Venture Centers, it won international recognition and awards for its work as being one of the most distinguished business catalysts in the country.
An update on the Governor
Polis recently signed a bill into law that placed a $100 per month cap on insulin co-pays, and it doesn’t matter how much insulin one uses. Insulin prices are high around the country, and when Polis signed the bill, Colorado became the first state to try to do something about it.
Before signing the bill, Polis said that the days of insulin price gouging are finished in Colorado. He said the measure is only the first step in combating high prices that patients face.