Richard Syron concluded his term as chairman by thanking board members for the opportunity to serve as their leader and praising the work of University President William P. Leahy, SJ.
Immediately after Syron's remarks, the board elected Charles I. Clough Jr. as chairman and William F. Connell as vice chairman. Edward M. O'Flaherty, SJ, was re-elected as the board's secretary.
"Boston College is like the Boston Red Sox," Clough said. "It's a wildcard that is in contention to be the very best. I will do whatever I can to help BC move into the realm of the very best."
Richard Syron (right) passed the trustee chairman's gavel to Charles Clough at the board's Oct. 1 meeting.
The trustees also welcomed three new members. They include Daniel J. Harrington, SJ, R. Robert Popeo, Esq. and the Hon. Marianne D. Short. In addition, Thomas J. Rattigan, Thomas F. Ryan Jr. and Benaree P. Wiley were re-elected to the board.
In committee reports, Investment and Endowment Committee Chairman Robert J. Morrissey said that the University's total endowment stands at $911 million, a $97 million increase over last year.
The Academic Affairs Committee is reviewing the current academic plan, based mainly on the University Academic Planning Council report, and how it will be implemented, Chairman Thomas A. Vanderslice said.
Development Committee Chairman Patrick Carney said the University has received $7.7 million in cash and $8.8 million in pledges so far this year. He added that there has been an 87 percent growth in membership among the top donor groups - Fides and President's Circle - in the past five years.
After many years as chairman of the Buildings and Properties Committee, Thomas J. Flatley has stepped down, though he remains a member of the committee. New Chairman Joseph E. Corcoran said the committee is reviewing designs for the proposed Lower Campus office building and a renovation of the Flynn Recreation Complex.
Finance and Audit Committee Chairman John F. Farrell noted that Project Delta is reaping financial savings for the University, most notably in controlling costs.
After meeting with a group of student leaders earlier in the day, Student Life Committee Chairman Brian G. Paulson, SJ, expressed their gratitude to Trustee John A. McNeice Jr. for his recent $5 million gift, which benefits student volunteer and retreat efforts at BC.
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