March 03, 2008

Case Western Reserve University trustees bring on new leaders

Area developers Brian Ratner and Scott Wolstein named to board, Charles "Bud" Koch named chair-elect

Charles Koch

Case Western Reserve University added a pair of area development leaders to its board of trustees. Brian Ratner, president of East Coast Development for Forest City Enterprises, Inc., and Scott A. Wolstein, chairman and CEO of Developers Diversified Realty Corporation, were both appointed to the board at its February 22 trustees meeting.

Charles "Bud" Koch, a member of the board since 1999 and former chairman and CEO of Charter One Financial, was named chair-elect, beginning his term on October 18, 2008. He will succeed Frank N. Linsalata, the current chairman.

"We are pleased to bring two corporate visionaries to our board," said Case Western Reserve University president Barbara R. Snyder. "We're looking forward to working with our new trustees and our entire board under Bud's leadership this fall. I am grateful to our trustees for their continued support and for the strong commitment and service Frank Linsalata has provided this university."

Ratner and Wolstein's terms will run from February 2008 to February 2012. Koch's term as chair will begin October 2008 through October 2010. "This is an exciting time for Case Western Reserve. I am honored as an alum and chairman to serve this great institution," said Linsalata.

Ratner oversees new commercial development east of the Mississippi River outside of New York and Boston and also serves on the board of directors for Forest City. He began his career with the company in 1987 and became president of Tower City Retail, Inc in 1990 and vice president of Forest City's Urban Entertainment in 1993. He assumed his current role in 1997. Additionally, Ratner is on the board of the Rock and Roll Hall of Fame and Museum.

He holds a bachelor's degree from George Washington University and a law degree from the University of Puget Sound School Of Law.

Wolstein has served as chief executive officer and director of Developers Diversified since its inception in 1992. He was named chairman of the board of directors in May 1997. Prior to that, he was a principal and executive officer of the company's predecessor, Developers Diversified Group.

Wolstein's mother and late father, Iris and Bert Wolstein, have been significant benefactors and friends of the university. Because of their generosity, the Iris S. and Bert L. Wolstein Research Building is named for them, as is the Iris S. and Bert L. Wolstein Hall and the Wolstein Professorship in Management Design at the Weatherhead School. Bert Wolstein was a 1949 graduate of Cleveland College of Western Reserve University, now part of Case Western Reserve.

Wolstein earned a bachelor's degree from the University of Pennsylvania and a law degree from the University of Michigan. Wolstein serves on boards including the National Association of Real Estate Investment Trusts, Hathaway Brown School, University Hospitals Health Systems and Greater Cleveland Partnerships. Wolstein is a four-time recipient of the Realty Stock Review's Outstanding CEO award and in 2007 received the Malden Mills Corporate Kindness Award from Project Love.

"Bud" Koch was chairman, president and chief executive officer of Charter One Financial, Inc. prior to its sale to The Royal Bank of Scotland (RBS). He now serves on the RBS board. Koch also is vice chairman of the board of Citizens Financial Group and is a director of Assurant, a specialty insurance provider. Additionally, Koch serves as a director and former chairman of the Federal Home and Loan bank of Cincinnati.

Koch was also the immediate past chairman of the board of trustees at John Carroll University and serves on the boards of a number of Cleveland organizations. The Bratenahl resident and his wife, Katie, have long been supporters of university-wide initiatives. In November, they were honored by the Hattie Larlham Foundation with the Rudolph H. Garfield Circle of Caring Award for their 25 years of service to the organization.

Koch earned a bachelor's degree from Lehigh University and a master's degree in business administration from Loyola College in Maryland. His sons, Charles Brian and John P., are alumni of Case Western Reserve and his father, Charles Joseph Koch, was a 1941 graduate of Case Institute of Technology.

For more information contact Laura M. Massie, 216.368.4442.

Posted by: Heidi Cool, March 3, 2008 12:39 PM | News Topics: Administration, HeadlinesMain, Provost Initiatives, Trustees

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