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Danny Ludeman: Chairman and CEO of Concordance | Helping Justice-Involved Individuals Move Forward, Together

May 4, 2022

Danny Ludeman previously served as CEO of Wells Fargo Advisors, where he increased revenue from $300 million to $10 billion during his tenure. Upon retirement, he followed a spiritual calling to serve others, leading to the founding of Concordance. Danny remains active in industry and civic affairs, serving on several local boards. He also attends Covenant Seminary, where he is pursuing a divinity degree.

 

This week on the podcast Danny shares why he decided to pursue an opportunity outside the financial sector when he retired. He tells us what led him to the important work that Concordance does to reduce the reincarceration rate among participants released from prison in St. Louis. We also discuss why individuals that have been previously incarcerated, re-offend. As well as why it’s so critical to research the root causes and put effective programs in place to help people heal, and make a success of the rest of their lives.

 

“The ripple effect of the impact that Concordance can have is extraordinary.” - Danny Ludeman

 

“It has to start with looking at the external environment objectively, and not seeing how the world looks or how you want the world to look, but how the world actually operates.” - Danny Ludeman

 

“If you want to solve the problem, you have to have a very holistic, comprehensive approach. And it starts with healing the individual.” - Danny Ludeman

 

 

This Week on The Wow Factor:

  • Mentors who inspired and supported Danny in his early years
  • Why Danny pursued a career in the financial sector, and what he did in his role as CEO of Wells Fargo advisors
  • Some of the things Danny learned as he passed through different levels of leadership at Wells Fargo
  • Points in Danny’s life where he saw God's hand, including his introduction to the work of Concordance via a chance letter
  • The work Danny does at Concordance and how he built the critical relationships that allowed them to put the strategic planning effort together
  • How they raised about $10.5 million to pay for research to study the root cause of the problem of reoffending rates
  • What Concordance learned from their research and how it helped them support people leaving prison in St Louis
  • The impact of trauma in childhood on whether someone is likely to be incarcerated
  • The importance of building trust with inmates while they are in prison, and how Concordance helps build a life plan for individuals leaving prison 
  • Danny shares an inspiring story of a successful Concordance program graduate

 

Danny Ludeman’s Words of Wisdom:

Look for the opportunities around you to take your God given talents and direct them towards something that can truly change the world. Figure out how you can ‘lead with your left’ by finding alternative solutions to problems.

 

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