After serving 18 months as a General Authority Seventy, Bishop L. Todd Budge has been sustained as Second Counselor in the Presiding Bishopric. He replaces Bishop Dean M. Davies, who has been called as a General Authority Seventy.
Bishop Budge graduated from Brigham Young University in 1984 with a bachelor’s degree in economics. He worked for Bain & Company Japan; Citibank, N.A.; and GE Capital in Japan and Atlanta, Georgia, USA. He became president and chief executive officer of Tokyo Star Bank Limited in 2003, serving as the bank’s chairman of the board from 2008 to 2011. He also served as a member of the board of directors for Hawaiian Airlines.
At one point in his life, while Bishop Budge contemplated changing careers, he received some valuable advice. “We need people with integrity in business,” a mentor told him, adding that his career path would give him many opportunities to counsel and help people.
Bishop Budge’s career did, in fact, give him many opportunities to be an influence for good in the business world, including opening doors to share the gospel in Japan, where he had served earlier as a missionary in the Japan Fukuoka Mission. Later he served as president of the Japan Tokyo Mission.
“The good news of the gospel,” he has taught, “is not the promise of a life free of sorrow and tribulation but a life full of purpose and meaning—a life where our sorrows and afflictions can be ‘swallowed up in the joy of Christ’ [Alma 31:38].”1
Lawrence Todd Budge was born December 29, 1959, in Pittsburg, California, USA. He met Lori Capener during their freshman year at Brigham Young University. They married in 1981 in the Logan Utah Temple. They are the parents of six children.
Prior to his call as a General Authority Seventy, Bishop Budge served as an Area Seventy, stake president, stake executive secretary, stake Young Men president, bishop, and elders quorum president.