W. Lowry Caudill of Durham, co-founder of Magellan Laboratories Inc., was elected chairman of the UNC-Chapel Hill Board of Trustees.
Trustees today (July 25) elected two other current members as new officers for one-year terms on the 13-member board responsible for governing the University.
Alston Gardner of Chapel Hill, venture partner in Fulcrum Equity Partners, was elected vice chair. Sallie Shuping-Russell of Chapel Hill, managing director at BlackRock, was elected secretary.
Five new trustees were appointed:
- Jefferson W. Brown of Charlotte, partner with Moore and Van Allen
- Haywood D. Cochrane Jr. of Elon, chairman of the board of DARA Biosciences Inc.
- Charles G. Duckett of Winston-Salem, partner with Battle & Associates Inc.
- Kelly Matthews Hopkins of Charlotte, civic leader
- Dwight D. Stone of Greensboro, president of D. Stone Builders Inc.
A sixth new board member is senior Christopher David McCartney Lambden of Somerset, England, who was sworn in May 23 to fill the ex officio seat held by Carolina’s student body president.
Under Caudill’s leadership, the Board of Trustees will focus on building stronger relationships with external constituencies, creating a sustainable approach to enterprise risk management, and maturing and consolidating the University’s work on innovation so that the University can quantify and communicate its impact on North Carolina.
“I have been very fortunate to help Carolina in a variety of roles over the past several years, and serving on this board has been one of the high points,” said Caudill. “I am excited to have the opportunity to lead the board and to serve with such an impressive group of trustees. Working together, I am confident that we can make a significant contribution to the University’s success over the next year.”
Caudill earned a bachelor’s degree in chemistry at UNC in 1979 and a doctorate in analytical chemistry at Indiana University in 1983. He returned to North Carolina as a scientist at Glaxo Inc., and in 1991 he co-founded Magellan Laboratories, a pharmaceutical development company based in Research Triangle Park. At Carolina, he is an adjunct professor of chemistry and teaches in the entrepreneurship minor in the College of Arts and Sciences. Caudill chairs the Chancellor’s Innovation Circle, and that group’s work resulted in the Innovate@Carolina Roadmap, a plan launched in 2010 to help Carolina translate its innovations to positively impact North Carolina and the world. He is the chair of the search committee for the next vice chancellor for University Development and was a steering committee member of the $2.4 billion Carolina First Campaign. He also chaired the search committee for Athletic Director Bubba Cunningham and is currently vice chair of the Educational Foundation Inc.
Published July 25, 2013.