Regent Blum named vice chair, will succeed Parsky as chair
The University of California Regents today (May 17) selected new board officers for the coming year, extending Regent Gerald L. Parsky’s tenure as chair for the first half of the 2006-07 fiscal year and naming Regent Richard C. Blum as vice chair for that period and chair for the following six months.
“In this critical time in the University’s history, strong continuity and careful transition of leadership on the board are essential,” said Regent Joanne C. Kozberg, chair of the regents’ nominating committee. “The Regents are grateful to Gerry Parsky and Dick Blum for their willingness to devote the necessary time, energy and leadership to the great challenges facing the University in the coming year.”
Parsky, 63, has served as the board’s chair for the past two years. Blum, 70, previously served as vice chair in 2004-05.
The board also made committee assignments for the coming year. The committee chairs include: Frederick Ruiz (audit); Judith L. Hopkinson (compensation); George M. Marcus (educational policy); Russell Gould (finance); Kozberg (grounds and buildings); Sherry L. Lansing (health services); Paul D. Wachter (investments); and Norman J. Pattiz (lab oversight). Gould was also selected to represent UC on the California Postsecondary Education Commission, the state planning and coordinating body for higher education.
Parsky, appointed to a 12-year term on the UC Regents by Gov. Pete Wilson in June 1996, is chairman of Aurora Capital Group, a Los Angeles-based investment firm. From 1974-77, he served as assistant secretary of the U.S. Treasury Department in charge of international affairs and capital markets. Parsky has been involved with the University of California for many years, serving on the board of visitors of UCLA’s John E. Anderson Graduate School of Management, serving as a trustee of the UCSD Foundation, and assisting the UC Davis School of Veterinary Medicine.
Blum is president and chairman of Blum Capital Partners LP, which manages $3.6 billion in assets, and co-chairman of Newbridge Capital LLC, which manages approximately $5 billion for investment in companies in the U.S. and Asia. He was appointed to the UC Regents in March 2002 by Gov. Gray Davis. Blum earned his bachelor of arts and MBA degrees from UC Berkeley, and was the recipient of the Haas School of Business Alumnus of the Year award in 1994.
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