New Officers Announced for the Board of Trustees

News Story: September 20, 2012

Sacred Heart University’s Board of Trustees has elected a new slate of officers - they are James T. Morley, Jr., chairman; Frank R. Martire ’69, vice chairman; Christopher K. McLeod, secretary; and Teresa Ressel, treasurer.‌

Morley, a member of SHU’s Board of Trustees since 2002, most recently served as the chairman of the executive committee of the Board. He retired from his role as senior group vice president of Cox Radio in 1999, after a career in broadcasting that spanned more than three decades. He is currently board president of the New Haven Symphony Orchestra and serves as a director for the Library of American Broadcasting Association. He is a graduate of Boston College and resides in Newtown.

Martire, who earned a bachelor’s degree in economics from SHU, joined the Board in 2005. He is the president and CEO of Wisconsin’s Metavante Corp., the financial technology subsidiary of Marshall & Ilsley Corporation. The part-time New Canaan, Conn., resident joined Metavante in January 2003 as president of its Financial Services Group and was named to his current position in March of the same year. In addition to his degree from Sacred Heart, he holds a master’s degree in business administration from the University of New Haven.

McLeod has been a member of the Board since 1989. He has been president and chief executive officer of 454 Life Sciences Corporation, based in Branford, since 2005. The company is a biotech company that develops and commercializes systems for high-throughput DNA sequencing. He earned his bachelor’s degree, magna cum laude, with a dual major in economics and engineering and applied science, from Yale University and his master’s in management from the Sloan School of Management at Massachusetts Institute of Technology. He resides in Branford.

Ressel joined the Board in January 2012. She is a former CFO of the United States Department of the Treasury where she served from 2001 to 2004. She received her bachelor’s and master’s degrees in engineering from the University of Delaware and her master’s in business administration from Rensselaer Polytechnic Institute. She was a recipient of the U.S. Treasury Medal and the Treasury Department’s Distinguished Service Medal for her service to that department. She is a New Canaan resident.

The Board also voted to name Jim Costello as Trustee Emeritus. Costello became a trustee in 1988 and had been serving as treasurer until his recent decision to leave the Board. He is a retired comptroller for General Electric.  Before beginning his professional career, he served as an officer in the U.S. Navy, both in the Western Pacific and at the Pentagon from 1953-1956. He has a long history of volunteerism, including serving as director of the National Council at Northeastern University, as a member of the Southern Connecticut/Westchester Chapter of the Financial Executives Institute and the Fairfield University School of Business Administration Board of Visitors. In 1994, he was the recipient of Sacred Heart University’s Bishop Walter W. Curtis Medal of Honor. A resident of Wilton, Costello received his bachelor’s degree in business administration/industrial management from Northeastern University.