Fey Elected to Chair of Board
of Trustees

Sarah R. Buchholz

August 11, 2000

The Board of Trustees elected Grace Fey as its new chair at an Aug. 2 meeting on the Worcester campus. Fey, who had been serving as vice chair of the board, was unanimously voted into the post.

"I will work very hard to provide fair, thoughtful, and consistent leadership," she said. Fey said she plans "to continue the model of strong leadership of my predecessor, Bob Karam." Though no longer chair, Karam will remain on the board until his term expires in September and is eligible to be reappointed for another year.

Fey, who is the first woman to lead the board, also said she would strengthen the missions of the individual campuses and encourage her trustee colleagues to take the University's message into the community. Fey, who lives in Boston, has been on the board since 1996.

A certified financial analyst, Fey is executive vice president and director of Frontier Capital Management Company, a Boston-based firm that provides investment management services to institutions and individuals, covering $5.4 billion. Highly respected in her field, she is featured in Sue Herera's 1997 book, "Women of the Street: Making it on Wall Street - The World's Toughest Business," and has appeared in Business Week, Changing Times, Financial Planning, New England Booming, USA Today, the Wall Street Journal and the Wall Street Transcript.

She also chairs Zoo New England and is on the board of the Huntington Theatre. She is a director of Bioject Medical Technologies, Inc. and the Commonwealth Institute and is an overseer of the Boston Center for Adult Education.

The board also reappointed eight trustees to leadership posts. William Giblin, who had been serving as vice chair along with Fey, will continue in that role. Diane Bissonnette Moes remains chair of the Academic Affairs, Student Affairs and Athletics Committee with Karl E. White as vice chair. Edward A. Dubilo and John M. Naughton are chair and vice chair respectively of the Administration, Finance and Audit Committee. Charles J. Hoff chairs the Development Committee; Robert M. Mahoney is its vice chair. Christy P. Mihos chairs the Trustee Governance Committee.

The board has 22 members, including five student trustees.