Rev. Joseph "Prexy Joe" Knutson became president in 1951, and presided over the construction of 16 buildings and the increased enrollment of 1592 students. Under his leadership, the Concordia Annual Fund was established to raise money for the college's interests, which still continues today. Dr. Paul J. Dovre took the presidency in 1975, and oversaw new college programs and articulated Concordia's Lutheran mission. Since 1999, the college has been presided by Rev. Thomas W. Thomsen, who implemented the design for a new campus center, and Dr. Pamela M. Jolicoeur, who established plans for the college's Offutt School of Business. Construction on the Offutt School of Business was completed in late 2012, and hosted students in the fall semester of 2013. Today, the school is led by Dr. William J. Craft.