|Vol. 19, No. 8||Oct. 21, 1999|
Two major administrative appointments were announced this week: one in charge of the University's $750 million investment portfolio and the other responsible for the $1 billion physical plant.
Mark Stalnecker has been appointed UD's chief investment officer, and Robert Stozek has been named the new assistant vice president for facilities.
In announcing Stalnecker's appointment, University Treasurer Stephen Grimble said, "The University is fortunate to have Mark as its investment officer with his extensive background and experience in the field. We are looking forward to working with him and benefiting from his wisdom and expertise in the investment arena."
Stalnecker, a former senior vice president and state investment director for First Union (formerly CoreStates), began working on campus
"The University of Delaware is an outstanding institution," Stalnecker said, "and I am excited by this opportunity to work with its staff to enhance its investment performance and help support its mission."
In his last position, Stalnecker managed the investment services activities of First Union in the Pennsylvania/Delaware market in the areas of portfolio management, client service and new business development. He helped in integrating CoreStates and First Union operations after the acquisition of CoreStates by First Union.
From 1995-98, Stalnecker was chairman and president for CoreStates Investment Advisers Inc. and served as chief investment officer.
Prior to that, from 1990-95, he was chief trust and investment officer of CoreStates Financial Corp., after serving as executive vice president directing the London operations of CoreStates and its merchant bank, Philadelphia National Ltd. During his career, he was involved with CoreStates in other capacities and also worked for Morgan Guaranty Ltd., London.
Before joining CoreStates, Stalnecker served in the U.S. Department of the Treasury as deputy assistant secretary, heading the Office of Federal Finance in 1981-82, and received the Treasury's Exceptional Service Award.
A graduate of Duke University, Stalnecker received a MBA degree with honors from the Wharton School of the University of Pennsylvania. He has served on the boards of directors of the Philadelphia Orchestra Association, the Rowan University Foundation and the American Lung Association of Philadelphia and Montgomery counties.
David Hollowell, executive vice president, announced Stozek's appointment, which was effective Oct. 18, in the position that was formerly held by the late Tom Vacha
In his new role, Stozek will be responsible for all facilities planning, construction and operations at UD. The facilities unit consists of four divisions: Facilities Administration, Facilities Planning and Construction, Facilities Management and Residential and Conference Facilities. The assistant vice president reports to the executive vice president.
Prior to arriving at UD, Stozek was director of the physical plant at Longwood Gardens Inc., a major cultural tourist destination and museum complex in Kennett Square, Pa. In that role, he reported directly to the Longwood Gardens director and to the board of trustees.
From 1985 to 1990, he was manager of the Works Engineering Organization at DuPont Co.'s Glasgow Site, responsible for the daily maintenance and operation of the physical plant, which included nine scientific research and commercial production facilities. He also was in charge of construction management.
Stozek's association with the DuPont Co. began in 1972, after four years in the U.S. Air Force.
According to Scott Jones, business and economics, who chaired the UD search committee, "This was a national search, with over 120 applicants from across the country. Their experience included managing facilities for Fortune 500 companies, military bases, government agencies and other universities. When we started the search, we were looking for someone who had strengths in short- and long-term financial planning. We wanted a 'big picture' individual.
"The committee was impressed with Mr. Stozek because of his experience with large-scale research facilitates at DuPont, as well as his experience in fiscal and space planning at Longwood. Mr. Stozek emerged as a candidate who was able to understand the University organization and its educational goals, and realize how these affect the long-term facilities program."
Stozek explained that his career has evolved from engineering development, research and development, and design functions into the maintenance and facilities area primarily because he often worked closely with operations personnel dealing with new equipment or structures to help make them more maintainable after they were built.
"I came to understand," he said, "the issues they faced trying to work with new facilities when they often had little input in the design. I've found it extremely rewarding to collect and use the years of experience and knowledge gained from all levels of the organization's staff to make projects and operations work better. The daily problem-solving efforts associated with keeping complicated systems running also appealed to me, since I enjoy the crisis management aspect of this occupation."
As a long-time Newark resident, Stozek said he has been aware of UD's construction and maintenance activities, and over the years the campus facilities organization has interested him.
"I have often taken the 'sidewalk supervisor' tour of construction activities on the campus," Stozek said. "Though I have had considerable experience in the management of facilities groups in both industrial and not-for-profit environments, the inherent challenge of doing this kind of work and 'learning the ropes' at a major university are what appealed to me. Seeking to improve communication and developing the talents within an organization to provide the highest quality service to the community one serves have always been my goals."
Stozek is a member of the Association of Physical Plant Administrators and Association of Energy Engineers. He also served on the advisory committee for the Christiana School District's $10 million renovation of Newark High School. A Newark resident, Stozek received his bachelor's degree in chemical engineering from Johns Hopkins University. He and his wife, Jeanne, have four children.
-Sue Moncure and Ed Okonowicz