Scott Steps Aside as Vice President; Lofgren Appointed Interim VP for DevelopmentMarch 28, 2006
Baylor University President John M. Lilley today announced that Dr. Richard C. Scott, vice president for development since March 1996 and former dean of the Hankamer School of Business, is stepping aside from his administrative role, effective April 1, and will retire Dec. 31. Upon retirement he will be designated as vice president, dean and professor emeritus.
Lilley has appointed Dr. Randy Lofgren, associate vice president for the Baylor Network, as interim vice president for development, effective April 1.
"For more than a decade, Richard Scott has presided over a significant expansion of Baylor's fund-raising capacity," Lilley said. "He led the university in a $500 million endowment campaign and helped secure funding for a number of major building projects at Baylor, including the McLane Student Life Center, the Mayborn Museum Complex, the Baugh-Reynolds Campus of George W. Truett Theological Seminary and a number of athletics facilities. I am deeply grateful for the important leadership role he has played at the university."
Before being named vice president for development by President Robert B. Sloan Jr. in 1996, Scott served for 19 years as dean of the Hankamer School of Business. After earning bachelor's and master's degrees in business from Baylor, Scott went on to complete a doctorate in business administration from Indiana University. He joined the Hankamer faculty in 1968 and is a tenured professor of management at Baylor.
Scott has owned and managed several businesses and serves as a consultant to businesses, law firms, accounting firms, and governmental agencies for planning, management strategy, acquisition and sale of businesses, and business evaluations.
He is the past president of the business honor society Beta Gamma Sigma and past chair of the board of trustees of Guidestone Financial Resources (formerly the Annuity Board of the Southern Baptist Convention). He also was a member of the board of directors and executive committee of the American Assembly of Collegiate Schools of Business. He has served as chair of the deacons at First Baptist Church of Woodway, director of the Greater Waco Chamber of Commerce, president of the board of trustees of Midway and Speegleville Independent School Districts, and director of United Way of Waco and Goodwill Industries. He also serves on the boards of two New York Stock Exchange companies.
Scott and his wife, Terry, have three children: Kim, Rick and Kelly.
Lofgren joined the Baylor development staff in 1988 as regional director for Dallas County. In 1996, he moved to Waco where he held several positions in university development before being appointed associate vice president to provide oversight for field development and support areas. After a brief tenure as executive director of the Baylor Alumni Association, he assumed leadership of The Baylor Network, which is dedicated to helping graduates find meaningful connections to the university and to other graduates.
"It has been a distinct privilege for me to invest my life in this great institution," Lofgren said. "I am honored to have the opportunity to provide interim leadership for the very important work of acquiring financial support to fuel the aspirations of Baylor 2012."
Lofgren holds three degrees from Baylor in music and education. He is a 1962 undergraduate, married to Jeanine Haube Lofgren, whom he met at Baylor. Both of the Lofgren children attended Baylor and married Baylor graduates. The Lofgrens are members of the Seventh and James Baptist Church in Waco.