UT Innovation Enterprises names new board chairman

Fall replaces Stansley pending OK from trustees

3/6/2014

The University of Toledo Innovation Enterprises named a new chairman of its board of directors today, a month after its previous leader abruptly resigned.

C. William Fall, a former chairman of the UT Board of Trustees, was named chairman of UTIE, pending the approval of the university's trustees. He takes over for Rick Stansley, himself a former chairman of the UT Board of Trustees.

Mr. Stansley resigned from the UTIE board and a $1,200-a-day salary at UT last month because he said he was offered an opportunity to buy a waste-removal operation in Flint, Mich.

The UTIE board also recommending separating the board chairman and chief executive officer position; Mr. Stansley had held both positions. The university said UTIE had finished a previously unannounced, six-month reorganization process that "looked at the leadership, committee and organization structures."

The board recommended the creation of four new operating committees, according to a university announcement. Three of the committees would have oversight over a portfolio of investments.