UT Board of Regents Approves New UTIMCO Board Members
The University of Texas System Board of Regents approved the appointment of two new members to the Board of Directors for The University of Texas Investment Management Company. The appointment of J. Philip Ferguson and I. Craig Hester were approved today at the Board of Regents meeting in San Antonio, Texas. Their terms will run until expiration on April 1, 2006.Mr. J. Philip Ferguson is the Senior Investment Officer of AIM Capital Management, Inc. He is also a former Managing Partner of Beutel, Goodman Capital Management, Senior Vice President of Lehman Brothers, Inc., and Vice President of Goldman, Sachs & Co. Mr. Ferguson holds a B.B.A. degree from Texas Christian University and a J.D. degree from The University of Texas School of Law. He currently serves on the board of the Houston Ballet and the Memorial Hermann Foundation. He also serves on the Board of Governors for the Investment Counsel Association of America, and is an active volunteer for several non-profit organizations in the greater Houston area.
Mr. I. Craig Hester is the founder of Hester Capital Management, L.L.C. Mr. Hester has been actively involved in professional investment management since 1972. Mr. Hester holds B.B.A. and M.B.A. degrees from the University of Texas at Austin and is a CFA and CIC. He is the past president of the Austin Investment Association and a member and past president of the Austin and San Antonio Societies of Financial Analysts. He currently serves on the board of the UT Ex-Student Association, on the advisory council of the KMFA Capitol Broadcasting Association, as a Junior League of Austin Community Advisor, and 2003 Chair-elect of the Foundation for SafePlace. He also serves on various investment committees.
UTIMCO is a 501(c)(3) investment management corporation whose sole purpose is the management of investment assets under the fiduciary care of the Board of Regents of The University of Texas System. Created in March 1996, UTIMCO is the first external investment corporation formed by a public university system. It invests endowment and operating funds in excess of $14 billion.
UTIMCO is governed by a nine-member Board of Directors appointed by the UT Board. The UTIMCO Board of Directors includes three members of the UT Board of Regents, the Chancellor of The University of Texas System, and five outside investment professionals.
UTIMCO's website address is: http://www.utimco.org
| Contact: | Greg D. Lee, CPA |
| (512) 225-1600 | |
| glee@utimco.org |