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Terence M. O’Toole Named Chairman of Villanova University Board of Trustees; Catherine M. Keating Elected as Vice Chair

University Announces Five New Board of Trustees Members

Villanova University announced that its Board of Trustees has elected Terence M. O’Toole of Short Hills, N.J., as its chairman. O’Toole succeeds Herbert F. Aspbury, who served as chairman of the Board of Trustees since 2008.

“As an accomplished executive and a dedicated member of the Villanova community, Terry brings a unique perspective to the role of chairman,” said the Rev. Peter M. Donohue, O.S.A., Ph.D., Villanova University President. “He has been actively involved in the academic and administrative enterprises of the University, and is keenly aware not only of the challenges that lie ahead for Villanova but also the opportunities we have to enhance its national profile. I look forward to working with Terry in his new role.”

In addition, Catherine M. Keating of Bronxville, N.Y., has been elected vice chair of the Board of Trustees. The University also announced the election of five new Board members. Peter L. Fong of Moorestown, N.J.; Justin G. Gmelich of Rumson, N.J.; Sheila F. Klehm of New Vernon, N.J.; Patrick G. LePore of Upper Montclair, N.J.; and Rev. Joseph L. Narog, O.S.A., of Rosemont, Pa., joined the 33-member Board, effective Jan. 1.

“We are pleased to add these distinguished individuals to the Board of Trustees,” Father Donohue added.  “I am confident that their diverse knowledge, skills and experience will allow them to contribute meaningfully to the University moving forward.”

Terence (Terry) M. O’Toole (Chair of the Board), ’80 VSB, is a co-managing partner of Tinicum, Inc., a private investment partnership based in New York City. Prior to joining Tinicum in 2006, where he manages Tinicum Capital Partners II, L.P., O’Toole spent 21 years at Goldman, Sachs & Co., where he was a partner, member of the investment and partnership committees, and the chief operating officer of the Principal Investment Area (PIA), the private equity investing arm of the firm. O’Toole was one of the founding members of the PIA. He is currently a member of the board of Liberman Broadcasting, Inc., R360 Environmental Solutions, Inc., Enesco Holdings, LLC and Skyway Towers LLC, as well as a trustee of the Pingry School in New Jersey. Prior to his appointment as Chair of Villanova’s Board of Trustees, O’Toole served as Vice Chair of the Board and Chair of the Board’s investment committee. O’Toole received his MBA from the Stanford Graduate School of Business in 1983, and is currently a member of its Advisory Council. He was a member of the Stanford Business School Trust from 2001-2006 and was its Chair from 2005-2006. He lives in Short Hills, N.J.

Catherine M. Keating (Vice Chair of the Board), ’84 A&S, is chief executive officer of U.S. Private Banking at JPMorgan Chase & Co., where she is responsible for overseeing one of the largest providers of wealth management services. Keating is also a member of the JPMorgan Chase & Co. Executive Committee, the senior leadership group responsible for strategic matters, and the Asset Management Division Operating Committee.  In addition, she serves as a director of the JPMorgan Chase Foundation. Keating was previously the global head of fiduciary services and wealth advisory for the Private Bank, and prior to that, served as head of the Private Bank’s Mid-Atlantic Region. Before joining JP Morgan, Keating was a partner with Morgan Lewis and Bockius LLP in Philadelphia. She serves on the Board of Trustees for the Inner-City Scholarship Fund (N.Y.) and is a member of the Manhattan Chapter of the Young Presidents’ Organization. She received her J.D. from University of Virginia School of Law and resides in Bronxville, N.Y.

Peter L. Fong, ’86 ENG, ’94 VSB (MBA), is President of Carmoza, LLC, an auto transport company that he joined last year.  Widely known in the automotive industry for his marketing and leadership abilities, Fong is the former president and CEO of the Chrysler brand for Chrysler Group LLC, where he was responsible for reviving the Chrysler nameplates and all U.S. sales operations. Before joining Chrysler, Fong was with Ford Motor Company, where he served in a number of leadership positions during his 14 years with the company. Prior to his career in the automotive industry, Fong served for eight-and-a-half years in the U.S. Navy, and was the senior class instructor and advisor for the Villanova University Naval ROTC unit. He was elected to Villanova’s Alumni Association Board in 2006; is a past member of the Advisory Board for the National Ovarian Cancer Coalition, Southern New Jersey Chapter; and is past area chairman of the New Jersey Chapter of the United Way. Fong lives in Moorestown, N.J.

Justin G. Gmelich,’90 VSB, is head of the U.S. Credit Trading Group and Mortgage Trading in the Fixed Income, Currency and Commodities Division for Goldman Sachs in New York. Prior to running Credit Trading, he was head of Liquid Mortgage Products Trading. Gmelich joined Goldman Sachs in 1998 and was named managing director in 2002 and partner in 2004. Prior to Goldman Sachs, Gmelich was an associate trader at Chase and vice president at Salomon Brothers. He serves as a trustee of the Edward Gmelich Memorial Scholarship Fund. Gmelich earned his master of science in accounting and taxation from the University of Southern California in 1991 and MBA in finance from Columbia University in 1995. He lives in Rumson, N.J.

Sheila F. Klehm, ’83 VSB, joined Morgan Stanley as an executive director in its Private Wealth Management division in 2007. She was previously a managing director at JPMorgan Chase, the successor organization to Morgan Guaranty Trust, and in that role oversaw $1.4 billion in assets. Prior to JP Morgan Chase, Klehm was with JP Morgan for more than two decades. Klehm is a former chair of the Dean’s Advisory Council for the Villanova School of Business, and a former member of the Villanova University President’s Council: Transforming Hearts and Minds. She is an ex-officio member of the Board of Trustees of the New Jersey Performing Arts Center (NJPAC), president and trustee of the Women’s Association of NJPAC, and a member of the NJPAC Executive Committee.  Klehm co-founded, an online retailer that gives 20 percent of purchase value to charities of the customer’s choice, and serves on the Board of Directors. She is a member of the Board of Trustees for The Peck School, as well as a supporter of the Christopher Reeves Paralysis Foundation.  She is also a trustee of the Hank Klehm Foundation. Klehm resides in New Vernon, N.J.

Patrick G. LePore, ’77 A&S, has been in the pharmaceutical industry for more than 30 years. LePore has served as chairman, CEO and president of Par Pharmaceutical Companies Inc. since September 2006. Par Pharmaceuticals develops and commercializes both generic and branded pharmaceuticals. From 2002 to 2005, LePore was president of the healthcare marketing group at Cardinal Health. From 1984 to 2002, he was the chairman of BLP Group Companies, a publically traded medical communications business he helped found.  LePore earned an MBA from Fairleigh Dickinson University in 1984. He has served on numerous non- and for-profit boards, including Montclair State University, Douglas Labs and the Junior Achievement Foundation of New Jersey.  Additionally, Mr. LePore is affiliated with several healthcare related associations and foundations. He and his wife, Rosemary, reside in Upper Montclair, N.J.

The Rev. Joseph L. Narog, O.S.A., is Pastor of St. Thomas of Villanova Parish. Prior to that, he was School Minister at Monsignor Bonner High School in Drexel Hill, Pa., followed by Parochial Vicar/Associate Pastor at St. Augustine Parish in Andover, Mass. Before becoming an ordained Augustinian priest in 2005, Fr. Narog had a 15-year career with the federal government, working first as an Intelligence Analyst, then as an Instructor, and ultimately as the Manager of the U.S. Government’s Counterterrorism Training Program, based out of the Defense Intelligence Agency in Washington, D.C. Fr. Narog earned his Bachelor of Arts in International Relations from St. Joseph’s University and his Master of Arts in Foreign Affairs from the University of Virginia, where he was a Thomas Jefferson fellow, in 1983. He lives in Rosemont, Pa.

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