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(Boston) – Robert A. Knox, who oversaw the establishment of new governance policies and served as vice chair of the search committee that selected the university’s current president, was elected the next chair of the Boston University Board of Trustees, a post he will assume at September’s annual meeting, announced outgoing chair Alan M. Leventhal.
Knox, the co-founder and senior managing director of New York-based private equity firm Cornerstone Equity Investors, L.L.C., joined the BU Board of Trustees in 1997 and was elected vice chair in April 2004. He will succeed Leventhal, chairman and CEO of Boston Capital Partners, L.L.C., who has served as chair since April 2004, and who will remain a trustee.
“Boston University has been exceedingly fortunate to have the outstanding leadership of Alan Leventhal as chair of our Board of Trustees during a critical time in our history,” BU President Robert A. Brown said of the transition. “His vision, integrity, and sense of inclusiveness have been key to the transformation in the governance of our institution. We are equally as fortunate to have Bob Knox step into the role of Chair. He shares in our vision for the university and he has ably demonstrated his leadership and commitment during his service on the board.”
During Knox’s term as a trustee, he has served on numerous board committees, including the Executive Compensation Committee (current chairman), where he has overseen the development of a comprehensive executive compensation policy, and the Investment Committee (former chairman), where he was instrumental in the university’s decision to establish its first-ever Investment Office. He also played major roles on the Executive, Governance, and Development and Alumni Relations Committees. In 2003-04, Knox served on the Ad Hoc Governance Review Committee, which was formed to review and address issues of board composition and governance. Later in 2004, as chairman of the Ad Hoc Implementation Committee, he oversaw the development and implementation of new governance policies and practices designed to improve the board’s effectiveness. In 2005, Knox served as vice chair of the search committee that named Robert A. Brown the university’s tenth president, ushering in a new, reinvigorated era in the institution’s history.
“Alan was an excellent chairman,” said Knox, who received a B.A. in economics from the College of Arts and Sciences in 1974 and an M.B.A. in business administration and management from the Graduate School of Management in 1975. “My goal is to live up to the same high standards he set and to continue moving the university forward.” In the upcoming year, Knox says, the board plans to recruit additional board members and work with Brown in implementing the University’s 10-year strategic plan.
“This is an exciting time for Boston University,” Knox said, “and I think everyone on the board, myself included, is looking forward to helping BU become an even greater institution.”
Knox is a recipient of the Boston University Alumni Award and has served on the dean’s advisory councils for both the School of Management and the College of Arts and Sciences. He and his wife, Jeanne, live in Greenwich, Conn., and have two children: Merrill, a 2006 graduate of BU’s College of Communication, and Robert, currently a student in BU’s College of General Studies.
Knox’s private equity firm Cornerstone Equity has funded over 100 companies through middle-market buyouts and expansion financings since 1984. The firm has particular expertise in health care services and products, business services, technology-related manufacturing and consumer products. Cornerstone and its predecessor firm have provided financing to a large number of successful companies including Dell Computer, Health Management Associates, Linear Technology, Micron Technology, Centurion, Team Health Corporation, Comdata and True Temper Sports.
Prior to the formation of Cornerstone Equity Investors, Knox was chairman and CEO of Prudential Equity Investors, Inc., the private equity subsidiary of Prudential Financial (formerly Prudential Insurance Company).
Knox has a long history and expertise in the healthcare sector as well as broad experience in technology and consumer product companies. During his investment career, he has served on the boards of more than 30 private and public companies. He currently serves on the boards of directors of Health Management Associates (NYSE), where he is the lead director; Atlas Acquisition Holdings Corp.; Lincoln Vale European Partners; and several other private investment firms.