Dean Smith Set to Retire
Joel A. Smith III, dean of the
Moore School of Business for seven years, is set to retire from that position September 15, when
Dr. Hildy Teegen takes over the post. Smith plans to help in the transition.
Under Smith’s leadership, the Moore School’s international business programs have held their
top spots in
U.S. News & World Report rankings. In addition, Smith
has overseen a capital campaign which, to date, has raised nearly $25 million toward a $45 million
matching gift from USC trustee and financier Darla Moore, for whom the school is named.
Smith joined the Moore School in October 2000, just two months after retiring from Bank of
America. During a 30-year-career with the bank, he rose from credit analyst to President of Bank of
America East, with responsibilities for the Commercial, Small Business, Premier, and Consumer
Banking divisions in seven states and the District of Columbia, representing more than $90 billion
in assets under management.
A native of Columbia, South Carolina, Smith graduated from the University of the South in
Sewanee, Tennessee, with a bachelor of arts degree in political science and economics. He also
attended the National Commercial Lending School at the University of Oklahoma and the School of
Banking of the South at Louisiana State University. Smith served in the U.S. Navy from 1967
to 1971 and in the U.S. Naval Reserve from 1971 to 1987, when he retired at the rank of Commander.
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Mike Brennan, BPF chair (left), and Smith, at April
2007 USC-Business Partnership Foundation meeting
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Smith serves on the boards of the S.C. Business Center for Excellence in Education, the
S.C. ETV Endowment, and the Board of Regents of the University of the South. He is a member
and former chairman of the Board of Spoleto Festival USA and was a co-chairman of its 25th
Anniversary Campaign. In addition, he serves on the Board of Avanex Corporation, chairing the Audit
Committee, and on the Board of Directors for NetBank, chairing the Compensation Committee. He
is an organizer, director, and chairman of the Audit Committee for Carolina National Bank &
Trust and is also an organizer and director of The Palmetto Institute.
In January 2003, Smith was awarded the Order of the Palmetto, the highest civilian honor
given by the governor of South Carolina. In May 2001, Smith was inducted into the South
Carolina Business Hall of Fame, and in 2000 was named Humanitarian of the Year by the United
Way. In 1997, he was named S.C. Economic Development Volunteer of the Year by the South
Carolina Economic Development Association. He received the “Tree of Life” award from the
National Jewish Fund, and was awarded honorary degrees by South Carolina State University,
Fayetteville State University, and the University of South Carolina- Aiken. In 1994, he
received the Businessman of the Year award from the S.C. Chamber of Commerce.
Smith said he looks forward to spending more time with family—his first grandchild was born
in January, a second was born in May, and his only daughter (he also has two sons) was married in
April.