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FOR IMMEDIATE RELEASE
Thursday, May 20, 2004
Trey Davis (510) 987-0056
trey.davis@ucop.edu


GERALD L. PARSKY NAMED CHAIR OF UC BOARD OF REGENTS FOR 2004-06

The University of California Board of Regents today (May 20) selected Gerald L. Parsky as its chair for the next two years.

"Gerry Parsky is a dedicated advocate for the university and the essential contributions that its faculty, staff and alumni make to California's economic vitality and the quality of life for all Californians," said UC President Robert C. Dynes. "His leadership will be especially valuable in the coming year as we seek ways to sustain the university's academic excellence and keep educational opportunities accessible in a period of tight budgets."

"Gerry Parsky has served with distinction as a member of the UC regents for nearly a decade," said Gov. Arnold Schwarzenegger. "I am grateful to him for his dedicated service to our state's higher education system, and I congratulate him on being named chairman today. I look forward to continuing to work with Gerry on our common goal of ensuring the UC system remains the envy of higher education systems around the world."

Meeting in San Francisco, the regents also named Richard C. Blum as board vice chair as well as chair of the finance committee.

The chairs of the regents' other standing committees were also appointed: audit, Gary D. Novack; educational policy, Joanne C. Kozberg; grounds and buildings, Judith L. Hopkinson; health services, George M. Marcus; investments, David S. Lee; and Department of Energy laboratory oversight, Peter Preuss. Velma Montoya was selected to represent UC on the California Postsecondary Education Commission, the state planning and coordinating body for higher education.

Parsky, 61, is chairman of Aurora Capital Group, a Los Angeles-based investment firm, which acquires and builds U.S. companies. He serves on a number of corporate boards. From 1977 to 1992, Parsky was affiliated with the Los Angeles law firm of Gibson Dunn & Crutcher, where he was a senior partner and a member of the executive and management committees. From 1974 to 1977, he served as assistant secretary of the U.S. Treasury Department in charge of international affairs and capital markets.

Appointed to the UC Board of Regents by Gov. Pete Wilson in June 1996, Parsky has chaired the regents' investment committee for four years and served on the board's audit, finance and DOE laboratory oversight committees. He has also served on the selection committees for the chancellors of the UCLA and Berkeley campuses.

Parsky has been involved with the University of California for many years, serving on the board of visitors of UCLA's John E. Anderson Graduate School of Management, serving as a trustee of the UCSD Foundation, and assisting the UC Davis School of Veterinary Medicine. His UC ties run in the family: his wife, Robin, graduated from UCLA and his daughter, Laura, is a graduate of UC Berkeley's Boalt Hall School of Law.

Parsky received an A.B. degree from Princeton University and a J.D. from the University of Virginia law school. He served as a trustee of Princeton University from 1981 to 1991. In 1965, he taught English literature and poetry at Suffield Academy in Connecticut.

Blum, 68, is chairman of Blum Capital Partners LP, and co-chairman of Newbridge Capital LLC, which manage nearly $5 billion for investment in companies in the U.S. and Asia. Blum was appointed to the UC regents in March 2002 by Gov. Gray Davis. He earned his A.B. degree and M.B.A. from UC Berkeley. A long-time supporter of Berkeley's Haas School of Business, he was the recipient of the school's Alumnus of the Year award in 1994, and continues to serve as a member of its advisory board.

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