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Stanford Report, June 14, 2000

Local investor Isaac Stein takes helm of Board of Trustees

The Board of Trustees has elected Isaac Stein, a board member since 1994, as its new chair.

Stein succeeds Robert M. Bass, who will remain on the board. Bass, who is president of Keystone Inc. of Fort Worth, Texas, served as board chair for four years.

Stein, a resident of Palo Alto, is president and founder of Waverley Associates Inc., a private investment firm. He served on the search committee that recommended that Provost John Hennessy be appointed president. Hennessy succeeds President Gerhard Casper on Sept. 1.

"This is an exciting time for Stanford. Thanks to the leadership of Gerhard Casper and Bob Bass, we are starting the new millennium as a strong university," Stein said. "Together with a new president and new provost, I am looking forward to making the university even stronger."

Bass said Stein "has been very thoughtful, diligent and innovative and creative in his board service. I look forward to his leadership."

"I'm pleased to have been privileged to lead the Board of Trustees during a time of remarkable achievement in so many important areas: the initiatives in undergraduate education, the establishment of graduate student fellowships, the recruiting of additional outstanding faculty and the significant growth of the endowment," Bass said. "I look forward to continuing on the board and helping to build the resources to sustain Stanford's excellence."

Stein received his MBA and J.D. degrees from Stanford in 1972, and holds a bachelor's degree from Colgate University. He has served as chairman of the boards of UCSF Stanford Health Care and of Stanford Health Services and was a member of the Law School Board of Visitors. He continues to serve on the National Advisory Board of Stanford's Haas Center for Public Service.

Stein also serves as chairman of the board of Maxygen Inc. and is on the boards of Symyx Inc., ALZA Corp. and CV Therapeutics Inc. He is a past board member of the Children's Health Council and past chairman of the board of trustees of the Crystal Springs Uplands School.

His wife, Madeline, who received a master's degree from Stanford in 1972, is an active community volunteer. Their son, Josh, received an MBA from Stanford in 1999 and their daughter, Sarah, is in the Business School's Class of 2002.

Elected vice chairs of the board were Pamela Rymer, a U.S. Circuit Judge on the Ninth Circuit Court of Appeals; Denise O'Leary, a San Mateo-based private investor; Burton McMurtry, general partner of Technology Venture Investors in Menlo Park; and James Ukropina, a partner with O'Melveny & Myers in Los Angeles.

O'Leary praised Stein for his dedication to the university in a variety of areas. "He's also been a longtime resident of Palo Alto and understands the local sensibilities as well as the university's long-term commitment to being a good neighbor," she said.

Two new members were elected to the board, Mary B. Cranston and John H. Scully.

Cranston is chair of San Francisco-based Pillsbury, Madison & Sutro. She is a former president of the Alumni Association Board of Directors and is a member of the Law School Board of Visitors. She earned a bachelor's degree from Stanford in 1969 and a J.D. in 1975.

Scully is managing director of SPO Partners & Co., an investment firm in Mill Valley. He is on the board of directors of the Stanford Management Co. and also has been a member of the Stanford Health Services board of directors. He was a trustee of Princeton University from 1994 to 2000. Scully earned an MBA from Stanford in 1968. SR