Press Release

The Teagle Foundation Appoints Two New Directors to its Board

For immediate release:

New York, NY -- The Teagle Foundation has named William Chester Jordan, professor of History at Princeton University, and Roland Machold, former Treasurer to the State of New Jersey, to its Board of Directors. They join ten other directors, on a board chaired by John Chalsty, Chairman of Muirfield Capital.

The President of the Foundation, W. Robert Connor, noted that the appointments came at a time when the Foundation, a sixty year old philanthropy based in New York City, was reviewing all aspects of its work and looking especially closely at ways in which it can continue to strengthen liberal education. "These new directors bring a remarkable range of experience and a deep commitment to liberal education. We would be delighted to have them join our Board at any time, but the present moment, a time of exceptional needs and opportunities in this area, makes their presence on the board all the more valuable."

William Chester Jordan has taught History for over 20 years at Princeton University, where he is Professor of History, a recepient of Princeton's Presidential Distinguished Teaching Award and the former Director of the Shelby Cullom Davis Center for Historical Studies. Jordan has won fellowships from the Annenberg Research Institute and the Woodrow Wilson, Ford, Danforth, Mellon and Rockefeller foundations, been elected to the Fellows of the Medieval Academy of America and the American Philosophical Society, and is Chair of the Board of Trustees Committee on Academic Affairs at Ripon College in Wisconsin. He is the author of several books including the prize winning The Great Famine: Northern Europe in the Early Fourteenth Century. He has also edited several encyclopedia on the Middle Ages for elementary and middle school students. Jordan has recently served as the editor-in-chief of the first supplemental volume of the Dictionary of the Middle Ages. His current research focuses on church-state relations in the thirteenth and the first half of the fourteenth century.

Roland Machold received his BA from Yale and his MBA at Harvard. Machold worked at Morgan Stanley & Co. for almost a decade, where he served as Vice President. He later became Director at the New Jersey Division of Investment and in 1999 was appointed Treasurer to the State of New Jersey by Governor Whitman, (he resigned in 2001, following Governor Whitman's move to Washington). Machold is a founding Trustee of the National Association of State Investment Officers and of the Council of Institutional Investors, a member of such committees as the Institutional Advisory Committee of the New York Stock Exchange and the Capital Formation and Regulatory Processes Committee of the SEC. He has served as a trustee to several other organizations, including the Teachers College of Columbia University and Bryn Mawr College. The recipient of the Stoddard Award, presented by the National Association of State Investment Officers for outstanding public service, Machold is currently consultant to the Robertson Foundation and serves as Vice-Chair on the board at Child Health Institute of New Jersey.

The Teagle Foundation was established in 1944 by Walter C. Teagle (1878-1962), longtime president and later chairman of the board of Standard Oil Company (New Jersey), now Exxon Mobil Corporation. Higher education has been a major interest of the Foundation since its establishment. In recent years, the Foundation has made grants to approximately three hundred private colleges throughout the United States.

08/06/2004