David, UTC Chariman And CEO, Makes $10 Million Individual Gift To
23, 1999 -- George David, chairman and chief executive
officer of United Technologies Corporation, last week pledged a
$10 million individual gift to the Darden Graduate School of Business
Administration of the University of Virginia.
are grateful for George David's extraordinary leadership as president
of the Darden Foundation Board of Trustees and for his remarkable
commitment to the University," said University President John T.
Casteen III. "His generous gift, which is one of the largest in
the school's history, and his long-time support will enable us to
continue to educate future leaders in global business pursuits.
As chairman of a major international company, Mr. David understands
what it will take to be successful in the many new initiatives for
Darden as it approaches the new century."
a 1967 graduate of Darden, is president of the Darden School Foundation
Trustees and will become chairman in October. He is a member of
the Darden Society and the U.Va. Lawn Society, two University organizations
unrestricted gift, which was announced at a recent meeting of the
Darden Foundation Board of Trustees, pushes the Darden School over
its capital campaign goal of $100 million. The school's campaign,
part of the University's $1 billion campaign, has received nearly
$110 million in gifts and pledges since 1993.
two years at Darden were the best ones of my life. The intensity
was amazing, and the skills acquired life-long. I learned for the
first time that classmates and I could push problems around with
the sheer force of trying. I am profoundly grateful for this experience,"
Dean Edward A. Snyder said the school would begin to focus on completing
Darden's North Grounds complex, enhancing programs in entrepreneurial
leadership and major business issues, and expanding technology initiatives
and alumni career services. The five-building core of the school,
which opened in January 1996, was built with $37 million in private
gifts. Plans include the addition of a major, multipurpose building
and expansion of classroom and office buildings, executive education
housing, and parking.
David's generosity will have far-reaching effects on Darden as we
move forward," Snyder said. "It will help us as we continue to stretch
in new directions, while maintaining the excellence in graduate
business education that has become synonymous with Darden."
was elected chairman of UTC in April 1997, having served as chief
executive officer since 1994. He joined UTC in 1975, rising through
the ranks of UTC's Otis Elevator subsidiary, and subsequently was
responsible for the corporation's Commercial/Industrial companies,
before being named UTC president in 1992.
also serves as president of the board of trustees of the Wadsworth
Atheneum, in Hartford, Conn.; is chairman of the US-ASEAN Business
Council; a director of the Institute for International Economics;
and chairman of the National Minority Supplier Development Council.
He is a graduate of Harvard University.
Carol Wood, (804) 924-6189.