Jersey City, N.J. – Saint Peter’s College today announced that Thomas P. Mac Mahon ’68, retired chairman and chief executive officer of LabCorp, has been elected chairman of the Board of Trustees for the College. Mac Mahon, whose $7.5 million gift to Students at the Center: The Campaign for Saint Peter’s College is the largest in the College’s history, has served as the chairman for the Campaign and as an active member of the Board of Trustees. He will chair the Board for a three-year term.
“I spent four of the greatest years of my life at Saint Peter’s. I consider it an honor and a privilege to still be involved and leading the Board during this unprecedented time in the institution’s history,” Mac Mahon stated. “In just a few weeks we’ll be known as Saint Peter’s University. I’m thrilled.”
Following his studies at Saint Peter’s, Mac Mahon went on to become a pioneer in the field of medical diagnostics. During his more than 40-year career in healthcare, he worked at Roche Diagnostics, where he played a leading role in commercializing the use of PCR, a Nobel Prize-winning development that led to the analysis of human DNA. He completed his career as the chairman and chief executive officer of LabCorp, one of the world’s largest operators of clinical laboratories.
Mac Mahon credits much of his success to the education, discipline and friendships he gained from his experience at Saint Peter’s College and is extremely pleased to give back. “The foundation of my life was built on the streets of Jersey City, here at the corner of Kennedy Boulevard and Montgomery Street,” said Mac Mahon, referring to the College.
“After five years overseeing the capital campaign, I am excited to lead the Board of Trustees and pass the baton to Frank,” said Mac Mahon, in reference to Francis A. McGrail ’79. McGrail, vice chair of the Board of Trustees, will assume the chairmanship of Students at the Center. “I am proud to help steer the Campaign to its conclusion. We wouldn’t be where we are – with nearly $52 million raised on our $62 million goal – without Tom and those like him,” said McGrail. “We have a lot to be excited about. But we also have a lot of work to do.”
McGrail is a managing director and regional executive for Deutsche Bank Private Wealth Management in the firm’s Boston office. He has more than 27 years of industry experience with UBS and its predecessor firms. Irish America magazine recently named McGrail to its “Wall Street 50,” a list that recognizes the outstanding accomplishments of Irish-born or Irish-American financial industry leaders.
“I look forward to working more closely with Tom and Frank,” said Eugene J. Cornacchia, Ph.D, president of Saint Peter’s. “Both bring so much business experience to the table. But more importantly, they bring a passion for this institution and they believe so strongly in what we can become.”
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Saint Peter’s College, inspired by its Jesuit, Catholic identity, commitment to individual attention and grounding in the liberal arts, educates a diverse community of learners in undergraduate, graduate and professional programs to excel intellectually, lead ethically, serve compassionately and promote justice in our ever-changing urban and global environment.
Contact
Angeline Boyer
(201) 761-6238
aboyer1@spc.edu