Two Alumni Appointed as Successor Trustees of Yale Corporation

President Richard C. Levin announced today the appointment of two new successor trustees to the Yale Corporation. The new trustees are Byron Auguste '89 B.A. and Charles ("Chip") W. Goodyear IV '80 B.S.; their terms will begin July 1, 2011. They will succeed Senior Fellow Roland Betts, chair of Chelsea Piers Management, Inc., and the Honorable Barrington D. Parker of the U.S. Court of Appeals for the Second Circuit, who will retire from the Corporation in June.

"Yale will benefit enormously from the wisdom and wide-ranging experiences of both Byron and Chip. Each is an accomplished leader of global enterprises and a devoted alumnus of the University," said Levin.

Byron G. Auguste

Byron G.  Auguste earned his Bachelor of Arts degree summa cum laude at Yale in 1989 majoring in economics and political science.  Auguste joined McKinsey & Company in Los Angeles in 1993, and is now a senior partner in the Washington D.C. office, where he works primarily in the fields of high technology, information- and services-based businesses, education, and economic development.   He also serves as director of McKinsey's Social Sector Office, which works with institutions in the private, public, and non-profit sectors worldwide on projects to improve education and health outcomes, economic growth and opportunity, and institutional capacity for social innovation.  Previously he founded and led McKinsey's High Tech Services Sector. 

Auguste is an active writer and speaker on globalization, technology, education, and economic strategies.  He has been cited in publications such as The Wall Street Journal, Financial Times, The New York Times, The Los Angeles Times, and The Economist, and published in McKinsey Quarterly, Washington Post, Boston Globe, Newsweek, and Foreign Policy.  He is the author of "The Economics of International Payments Unions and Clearing Houses," published by Macmillan Press in 1997. 

While at Yale, Auguste was awarded the Hart Lyman Prize as the outstanding member of the junior class, the James Gordon Bennett Prize for the outstanding thesis in international relations, the President's Public Service Award, and the Harry S. Truman Scholarship.   He went on to earn M.Phil. and D.Phil. degrees in economics from Oxford University, where he was a Marshall Scholar.  

Auguste is a current member of the Yale University Council.  He is co-founder and chair of the board of the Hope Street Group, which convenes leaders across partisan and sector boundaries, and engages a non-profit, nationwide network of business executives, professionals, and entrepreneurs to develop and promote practical public policies on education, health, and to work to help Americans to compete and thrive in an increasingly global economy.   He is a trustee of the William & Flora Hewlett Foundation and the Pacific Council on International Policy.  He serves on advisory councils of the Center for American Progress and the World Economic Forum, and is a member of the White House Council for Community Solutions.      

Charles ("Chip") W. Goodyear IV

Charles W. ("Chip") Goodyear IV, a 1980 graduate of Yale College, is the president of Goodyear Capital Corporation and the former chief executive officer of BHP Billiton, the world's largest diversified resources company. 

After graduating from Yale, Goodyear went on to earn an M.B.A. degree from The Wharton School at the University of Pennsylvania in 1983.   He joined BHP Billiton as chief financial officer in 1999 and quickly moved up the ranks.  He was appointed chief development officer in 2001 and CEO in 2003. During Goodyear's nine years with BHP Billiton, the organization grew from a company with a market capitalization of $12 billion to one of the largest companies in the world with $220 billion in captial.  

Goodyear held previous positions as executive vice president at Kidder, Peabody & Co., a Wall Street investment bank, and vice president and chief financial officer of Freeport-McMoRan Inc, a natural resources company.  He is also director of several private companies and is a member of the Prince's Charities Council in the United Kingdom.

 At Yale, Goodyear is a Sterling Fellow and serves as a member of the Yale Tomorrow Campaign Committee and the President's Council on International Activities. He has also been active on the Reunion Gift Committee for his class and the Alumni Schools Committee.  In 2009, he established the Charles W. Goodyear Professorship in Global Affairs to help Yale enhance connectivity across countries, regions and cultures. 

The Yale Corporation

The Yale Corporation is the governing board and policy-making body for Yale University.  The Corporation has 19 members: the president of the University; 10 successor trustees, who elect their own successors for up to two six-year terms, six alumni fellows, who are elected by the alumni for staggered six-year terms; and the governor and lieutenant governor of the State of Connecticut, who are ex officio members.  Brief biographical sketches of the other members of the Corporation are available online at: http://yale.edu/about/corporation.html.