Trustees elect six new members

Chancellor gives updates on Commencement and construction projects

At its spring meeting May 7, the Board of Trustees elected six members to the board, according to Chancellor Mark S. Wrighton.

The six electees are Howard N. Cayne, partner in the Washington, D.C.-based law firm of Arnold & Porter LLP; David P. Conner, CEO of Oversea-Chinese Banking Corp. Ltd of Singapore; Danny Ludeman, president and CEO of Wells Fargo Advisors LLC in St. Louis; William J. Marshall, PhD, president of NISA Investment Advisors LLC in St. Louis; Dennis A. Muilenburg, president and CEO of Boeing Defense, Space & Security and executive vice president The Boeing Co., St. Louis; and Ralph J. Nagel, president of Top Rock Liquidity Fund LLC in Denver.

Three trustees were re-elected for a second four-year term: Hugh Grant, chairman, president and CEO of St. Louis-based Monsanto Co.; James H. Hance Jr., retired vice chairman of Bank of America Corporation in Charlotte; and Steven N. Rappaport, a partner in RZ Capital LLC in New York.

In his report to the Board of Trustees, Wrighton said that, with the “Spring Preview” visit season for high school seniors now past, the university had a record-high number of visitors, and enrollment deposits have come in much stronger than expected. Selected from an applicant pool of nearly 25,000, next year’s freshman class may be larger than usual and appears to be the strongest academic class in university history.

Wrighton gave an update on construction projects on both the Danforth and Medical campuses, beginning with the April 30 groundbreaking for Preston M. Green Hall for the School of Engineering & Applied Science. Excavation has begun on the project, named in honor of Green, a WUSTL alumnus and benefactor. The building will be located at the corner of Skinker and Forest Park Parkway and will connect on its western edge with the recently completed Stephen F. and Camilla T. Brauer Hall. Faculty and staff will be moving into Brauer Hall in June.

Wrighton noted that construction continues on the South 40 and that construction of the university’s new early childhood learning center on the North Campus is on schedule for completion this summer.

On the medical campus, construction of the BJC Institute of Health at Washington University is finished, and departments and centers have completed their move-in on floors 8-10. Other interior construction and design continues and the outdoor plaza, which will feature a sculpture by renowned artist Maya Lin, is expected to be ready in early June.

Wrighton made special note of the fact that U.S. Secretary of Energy Steven Chu, PhD, has been selected to give this year’s commencement address May 21. Chu also will receive an honorary degree, as will four other individuals: Brian Druker, MD, director of the Oregon Health & Science University Knight Cancer Institute; Joanne Knight, St. Louis community leader and philanthropist; Richard A. Roloff, alumnus, special assistant to the chancellor and former executive vice chancellor for administration; and Nelson S. “Strobe” Talbott, president of the Brookings Institution and former U.S. deputy secretary of state.

Wrighton recognized the extraordinary accomplishments of many of the university’s athletic teams, including the five-time national champion women’s basketball team and a number of teams heading to NCAA postseason national tournaments.

In other actions, the board received a report on university endowment performance as well as reports from the following standing committees: nominating and governance, compensation, development, educational policy, honorary degree, medical finance, university finance, medical finance, undergraduate experience, audit and the alumni board of governors.

The board received a review of the year from student representatives to the board Kaitlin L. McFadden, a graduating senior in Arts & Sciences from St. Charles, Ill.; Danielle Porter, a graduating senior in engineering from Rochester Hills, Mich.; Brooke I. Curtis, a graduate student in law and social work from Brooklyn, N.Y.; and Erik Shumaker, a doctoral student in psychology from Annandale, Va., as well as from faculty representative Andrew C. Sobel, PhD, associate professor of political science in Arts & Sciences.

Wrighton also welcomed new student representatives to the board. They are: Jordan Aibel, a junior in Arts & Sciences from Miami, Fla.; Greg M. Schweizer, a junior in Arts & Sciences from Champaign, Ill.; Drew Gulick, an MBA student from St. Louis; and Melissa Holtmeyer, a PhD student in engineering from Washington, Mo.

Howard N. Cayne

In his work at Arnold & Porter, Cayne counsels financial and other institutions on a broad range of regulatory, compliance and transactional issues. He has played a prominent role in much of the most significant federal banking litigation of the past three decades. He earned a law degree from Washington University in 1979. Before joining Arnold & Porter in 1984, he served as senior attorney in the Enforcement and Compliance Division of the Comptroller of the Currency. He has served as an adjunct faculty member teaching Banking Law Enforcement at Boston University and is a member of the Washington University School of Law National Council.

David P. Conner

Conner has extensive banking experience in the Asia Pacific region, having worked for more than 25 years with Citibank, N.A., where he served as managing director and market manager for Citibank Japan from 1999. He also served as CEO of Citibank India from 1996-99 and, prior to that, was a corporate officer for Citibank’s Singapore operations. He is presently chairman of Bank of Singapore Ltd. and Singapore Island Bank Ltd. He earned a bachelor’s degree from Washington University and an MBA from Columbia University. He previously served on WUSTL’s Board of Trustees from 2005 until 2009.

Danny Ludeman

Ludeman has been president and CEO of Wells Fargo Advisors since January 2009 and president and CEO of Wachovia Securities since 1999. Previously, he served as president and chief operating officer of First Union Securities, which merged with Wachovia in 2001. He has been with Wachovia and its related companies since 1979. He earned a bachelor’s degree from Virginia Commonwealth University and an MBA from the College of William and Mary.

William J. Marshall

Prior to joining NISA’s predecessor, National Investment Services of America, Marshall served as a member of the faculty at the Olin Business School and also served as co-director of the Financial Strategies Group at Goldman Sachs & Co. and held various positions, including president and CEO, at Franklin Savings Association. He co-founded NISA in 1994, serving first as chief operating officer before being promoted to president. He holds a BSBA, MBA and a doctorate in finance from Washington University. He is an adjunct faculty member at Olin, as well as research fellow and Olin Cup judge. He received the Olin School’s Dean’s Medal in 1997 and the University’s Distinguished Alumni Award in 2004. He is a member of the Olin National Council.

Dennis A. Muilenburg

Prior to his current position with Boeing, Muilenburg was president of Global Services & Support, a Boeing business unit providing global after-delivery support for military platforms and systems and a broad array of defense and government services. He joined Boeing in 1985 and has held a progression of program management and engineering positions, including vice president and general manager of Boeing Combat Systems division and program manager for Future Combat Systems. He is an associate fellow of the American Institute of Aeronautics and Astronautics and a fellow of the Royal Aeronautical Society. He earned a bachelor’s degree from Iowa State University and a master’s degree in aeronautics and astronautics from the University of Washington.

Ralph J. Nagel

Prior to his position with Top Rock, Nagel was the founder and owner of the Meridian Retirement Communities. In addition to his 25-year, multifaceted career with Meridian, Nagel has invested in student housing, residential and commercial developments, fitness centers, storage facilities and other specialty businesses. He earned a master’s in architecture from Washington University and a master’s in city planning and urban design, both from the University of Pennsylvania.